According to a BNA Daily Tax Report dated 05/31/2017 entitled Tax Prosecutions: Five Questions With Former DOJ Tax Head Caroline Ciraolo when asked "With the success of the Swiss Bank Program, have there been plans to announce a similar initiative?" She respond by saying that when she left the DOJ earlier this year, the department wasn't planning to…
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Former Soccer Official Pleads Guilty To Money Laundering Charge
According to DoJ on May 24, 2017 in federal court in Brooklyn, Costas Takkas, a 60 yr old UK national pleaded guilty to money laundering conspiracy in connection with his receipt and transmission of millions of dollars in bribes paid to now-former CONCACAF president and FIFA vice president, Jeffrey Webb. Takkas, a former general secretary…
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Where Are They Now? A Year Later, Mixed Fortunes For Panama Papers Line-Up
When the International Consortium of Investigative Journalists and more than 100 media partners began publishing the Panama Papers investigation on April 3, 2016, almost no country was untouched by its revelations. Governments in more than 70 Countries have launched over 150 Investigations, Inquiries, Audits and Probes into the affairs of Thousands of People and Corporations…
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7th Circuit Also Upholds Reg. That Limit Discussion of Tax Liability at CDP Hearings.
The Court of Appeals for the Seventh Circuit, in Our Country Home Enterprises, Inc., (CA 7 5/3/2017) 119 AFTR 2d ¶ 2017-729, affirmed the Tax Court and agreed with similar holdings by the Fourth and Tenth Circuits, has held that a portion of Reg. § 301.6330-1(e)(3) is a reasonable interpretation of the Code. That portion…
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