The Internal Revenue Service is examining whether equity swaps help banks avoid taxes by masking who really owns the shares underlying the instruments.

Posted on January 21, 2010 by admin

&#8220-Federal authorities are scrutinizing certain financial derivatives that may enable Wall Street banks to avoid collecting billions of dollars in withholding taxes on stock dividends.&#8221-

Wiser than the IRS?

Posted on June 4, 2009 by admin

He did not say, &#8220-I pay my taxes in the U.S.&#8220-: