Richest would have lost half their wealth under Elizabeth Warren’s tax plan
| Tax dodgers’ ‘phantom’ cash makes up 40% of foreign investment | | By Chris Bourke 1 min read | | Almost 40 percent — or some $15 trillion — of the world’s foreign direct investment is “phantom capital” designed to minimize the tax bills of multinational firms, according to a study published by the International Monetary Fund. | |
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| Tax Fraud Blotter: Fun in the sun | | By Jeff Stimpson 5 min read | | Fast, Quick and jailed; Complete fraud; eight figures off the books; and other highlights of recent tax cases. | |
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