Global Tax on Super-Rich Proposed

A global tax on the super-rich is proposed in a new report commissioned by Brazil for the G20 nations. The tax would require individuals with more than $1 billion in total assets to pay 2% of their wealth in income tax, aiming to raise funds for public services, education, healthcare, and climate change initiatives.

Appeal of Julie Chrisley's Bank Fraud and Tax Evasion Sentence

Julie Chrisley's bank fraud and tax evasion sentence was thrown out by federal appeals judges, citing a legal error in how the trial judge calculated her sentencing. Her husband, Todd Chrisley, still has his convictions upheld. The couple were initially found guilty of defrauding community banks and the IRS of over $30 million in loans.

Hunter Biden's Conviction and Deeper Scandal

Hunter Biden convicted of three felonies related to illegal firearm possession, but deeper scandal involves allegations of peddling influence through his father, President Joe Biden, with upcoming trial for tax evasion. Trial outcome may impact November elections.

Shakira facing second investigation for tax evasion

Shakira faces a second investigation into her finances after being accused of tax evasion in Spain. She previously settled a separate tax evasion issue with the Spanish government. She chose to settle the case to focus on her kids and career.

IRS Increases Audit Rates for Wealthy Taxpayers and Large Corporations

The IRS plans to increase audit rates of wealthy taxpayers and large corporations by 50% using funds from the Inflation Reduction Act. The agency assures that middle-class Americans earning less than $400,000 annually will not be targeted for audits.

Bitcoin Jesus Arrested for Tax Evasion

Early investor in bitcoins dubbed 'Bitcoin Jesus' arrested in Spain on U.S. charges of tax evasion totaling at least $48 million. Roger Ver renounced U.S. citizenship in 2014 after acquiring 131,000 bitcoins valued at over $114 million. Prosecutors allege he provided false information to undervalue his companies and bitcoins, depriving the IRS of $48 million in taxes.

Todd Chrisley's Legal Troubles and Defamation Lawsuit

Reality star Todd Chrisley is serving a 10-year sentence in federal prison after being convicted of federal bank fraud and tax evasion. He was ordered to pay tax investigator Amy Doherty-Heinze $755,000 after losing a defamation lawsuit she filed against him. Chrisley was found liable for defamation by libel and slander but not liable for some statements made on his podcast. Both Todd and his wife, Julie Chrisley, were convicted of federal bank fraud and tax evasion in 2022.

Hunter Biden's Federal Tax Charges

Hunter Biden faces federal tax charges for allegedly avoiding paying $1.4 million in taxes while living an extravagant lifestyle. His request to dismiss the charges was rejected by a federal judge in Los Angeles.

Hunter Biden Tax Evasion Case

Hunter Biden is facing charges of evading $1.4 million in taxes, with his lawyers arguing that prosecutors caved to political pressure from Republican lawmakers. The trial is set to start in June, and if convicted, Hunter Biden could face up to 17 years in prison.

IRS Crackdown on Tax Evasion by Millionaires and Billionaires

The IRS is cracking down on tax evasion by millionaires and billionaires, aiming to collect unpaid taxes and ensure a fair system where every taxpayer contributes their fair share. With increased funding, the IRS is targeting complex tax returns and using AI to identify high-risk returns for audits.