Financial Transparency Coalition

Lloyds Banking Group is ditching American customers based in Britain pending a crackdown on international tax evasion planned by President Barack Obama.

This morning I attended an event at the National Press Club hosted by TaxAnalysts. Featured were Martin Sullivan, an economist with TaxAnalysts; John Samuels, VP and Senior Tax Counsel of General Electric; Mark Weinberger, Global Vice Chairman – Tax at Ernst & Young; and Lee Sheppard, Contributing Editor for TaxAnalysts. The discussion at the event, titled “Obama’s International Tax Proposals: Where Would They Take Us?” focused on the nation’s economy and the tax treatment of multinational corporations. After hearing Sullivan’s overview of Obama’s tax proposals I was not sure if he supported or opposed the Continue Reading

Software giant Microsoft has issued a stern threat to the Obama administration over its concerns of the US income tax deferral regime.