Tax Law

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Taxes are inevitable

Swiss bank UBS to name names Swiss banking giant UBS AG (UBS-N15.51-0.39-2.45%) agreed Wednesday to turn over to the IRS the details of 4,450 accounts suspected of holding undeclared assets by American customers, piercing Switzerland’s…


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Definition of gift

Stripper 1, Taxman 0 According to a judgment rendered by the Tax Court of Canada, the mystery benefactor, named in court documents as Mr. X, paid Landry largely to keep him company, not to dance….