WASHINGTON — Moving against tax avoidance by corporations, the Obama administration is taking actions to curb deals known as “inversions” that allow companies to escape U.S. taxes by reincorporating abroad. The Treasury Department on Monday announced new rules, effective immediately, that will reduce tax benefits accessible to companies that have …

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  • Tax evasion vs. tax avoidance: What's the difference? Here's how to make sure you're not overpaying Uncle Sam in 2024
    Simply put, tax avoidance involves legal strategies that can minimize your tax bill, whereas tax evasion is a failure to pay or a deliberate underpayment of taxes. Such actions have previously landed ...
    04/9/2024 - 3:45 am | View Link
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