News
CNN Money | Credit Suisse pleads guilty in tax evasion case
The Justice Department said that Credit Suisse, for a period of time spanning decades and continuing through 2009, "operated an illegal cross-border banking business" to help thousands of banking clients conceal their income from the IRS.
Econ Comments & Analysis
Tax Foundation | How Much Do U.S. Multinational Corporations Pay in Foreign Income Taxes?
The United States’ worldwide system of corporate taxation requires multinational corporations to pay taxes twice, first to the foreign country in which they do business and then to the IRS after they repatriate their profits.
