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When the Trump tax cuts expire next year, the White House will ask for higher corporate taxes and a buyback tax as Congress enters one of its biggest economic fights of the decade, which will have major implications for bankers.
May 10 -
Prosecutors claim Dan Rotta, 77, hid more than $20 million from the IRS, using "pseudonyms, complicated corporate structures, and nominees" to conceal offshore assets and income.
March 13 -
Challenger banks MoneyLion, Acorns and Moves are partnering with "taxtech" companies to extend free or low-cost filing help to customers.
April 3 -
Telhio Credit Union in Ohio hopes to help contractors verify their earnings when applying for loans and other financial services.
December 29 -
The Internal Revenue Service is postponing for a year its requirement for e-commerce platforms, including Venmo, PayPal, Cash App and Etsy, to send tax forms to customers who have transactions of more than $600.
December 23 -
Hanno Berger, a German lawyer dubbed the mastermind of Cum-Ex, was sentenced to eight years in prison for his role in part of a sprawling tax scandal that's robbed billions of euros from government coffers and embroiled some of Wall Street's biggest names
December 13 -
The European Union proposed new rules Thursday to combat tax fraud and evasion in the crypto sector by requiring all digital-asset service providers to report transactions involving customers residing in the bloc.
December 8 -
Bank of New York Mellon's Frankfurt offices are being raided by Cologne prosecutors as part of their vast investigation into the controversial Cum-Ex scandal that has increasingly ensnared Wall Street's biggest banks.
November 22 -
Chancellor of the Exchequer Jeremy Hunt plans to cut a surcharge on U.K. bank profits, effectively shielding them from the bulk of an increase in the country's corporate tax rate as the government tries to preserve the competitiveness of Britain's finance industry.
November 9 -
Credit Suisse Group agreed to pay €238 million ($234 million) to settle a French criminal probe into allegations the bank helped clients stash undeclared funds.
October 24