Industry News

New York's Wealthiest Cut Losses as Manhattan Real Estate Falters - The Wall Street Journal

Thu, 11/29/2018 - 09:29
New York's Wealthiest Cut Losses as Manhattan Real Estate Falters  The Wall Street Journal

Luxury homeowners struggle to accept the new reality of home prices falling after a decadelong property boom.

Deutsche Bank Offices Are Searched in Money Laundering Investigation - The New York Times

Thu, 11/29/2018 - 05:05
Deutsche Bank Offices Are Searched in Money Laundering Investigation  The New York Times

The company's headquarters in Frankfurt were raided as part of an inquiry related to the so-called Panama Papers.

Deutsche Bank Offices Are Searched in Money Laundering Investigation - New York Times

Thu, 11/29/2018 - 05:05

New York Times

Deutsche Bank Offices Are Searched in Money Laundering Investigation
New York Times
The investigation stems from information contained in the so-called Panama Papers and Offshore Leaks, a trove of confidential documents that helped to expose the workings of global money laundering and tax evasion, prosecutors said. Deutsche Bank ...
German police raid Deutsche Bank offices, as legal woes multiply for one of NY's biggest real estate lendersThe Real Deal Magazine

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New Treasury Rules Could Blunt Impact of Tax Cuts for Some Companies - The New York Times

Wed, 11/28/2018 - 20:08
New Treasury Rules Could Blunt Impact of Tax Cuts for Some Companies  The New York Times

The I.R.S. rules will force some corporations that operate in relatively high-tax countries abroad to pay a higher effective tax rate than they might have otherwise.

New Treasury Rules Could Blunt Impact of Tax Cuts for Some Companies - New York Times

Wed, 11/28/2018 - 20:08

New York Times

New Treasury Rules Could Blunt Impact of Tax Cuts for Some Companies
New York Times
WASHINGTON — Some multinational companies may not see as much of a benefit from President Trump's signature tax cuts as they had hoped, under proposed regulations that the administration issued on Wednesday. If they are made permanent, the rules, ...

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Pay it back, Jack: Preparer on hook for $50K restitution for fudging tax returns - SILive.com

Wed, 11/28/2018 - 17:12

SILive.com

Pay it back, Jack: Preparer on hook for $50K restitution for fudging tax returns
SILive.com
STATEN ISLAND, N.Y. – This tax preparer is giving back in a big way. In fact, Thomas Falkowski, 48, must pay $50,000 in restitution to the state for fudging tax returns on Staten Island, said officials. Falkowski, of Wall Township, N.J., pleaded guilty ...

Google News

Patagonia disses Trump, gives $10M tax windfall to environmental groups - New York Daily News

Wed, 11/28/2018 - 17:04

New York Daily News

Patagonia disses Trump, gives $10M tax windfall to environmental groups
New York Daily News
Last month, The New York Times published a damning report claiming Trump had “participated in dubious tax schemes during the 1990s, including instances of outright fraud” and further accused him of “helping his parents dodge taxes.” The President has ...

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Cigarette traffickers scammed New York out of more than $3 million in taxes, prosecutor charges - New York Daily News

Wed, 11/28/2018 - 16:58

New York Daily News

Cigarette traffickers scammed New York out of more than $3 million in taxes, prosecutor charges
New York Daily News
Authorities stubbed out an untaxed cigarette trafficking scam, busting 17 butt-leggers who allegedly cheated New York City and state out of $3 million in taxes. The illegal ring ran through Queens, Kings, Bronx, New York, Westchester, and Nassau ...
AG Underwood Announces Indictment Charging 17 With Money Laundering in Untaxed Cigarette Trafficking EnterpriseLongIsland.com

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Man behind $2 million tax refund scheme pleads guilty in Syracuse court - Syracuse.com

Wed, 11/28/2018 - 15:05

Syracuse.com

Man behind $2 million tax refund scheme pleads guilty in Syracuse court
Syracuse.com
SYRACUSE, N.Y. -- A Queens man behind a nearly $2 million tax refund scheme pleaded guilty today in Syracuse federal court. Miles Bailey, 53, admitted to three federal theft charges before U.S. District Court Senior Judge Frederick Scullin. Bailey ...

Nassau Man Charged In Massive Cigarette Trafficking Takedown - Patch.com

Wed, 11/28/2018 - 13:16

Patch.com

Nassau Man Charged In Massive Cigarette Trafficking Takedown
Patch.com
Authorities say the group trafficked more than 18 million cigarettes by buying them in low-tax states, like North Carolina and Virginia, and reselling them in New York counties. In doing so, authorities say they evaded paying more than $3 million in taxes.

The Best States For Business 2018: North Carolina Leads The Way - Forbes

Wed, 11/28/2018 - 07:56
The Best States For Business 2018: North Carolina Leads The Way  Forbes

Low business costs and a highly-educated labor supply propel the Tar Heel State to the top of Forbes' 13th annual look at the business climates of the 50 states.

An Insider Book Tries to Praise Trump, But Instead Exposes His Corruption - New York Magazine

Wed, 11/28/2018 - 06:41

New York Magazine

An Insider Book Tries to Praise Trump, But Instead Exposes His Corruption
New York Magazine
They describe Trump demanding, “I want to make sure that this isn't a tax cut for rich people like me” (it was) and that Trump “didn't want the Trump middle-class voters to think that this plan was self-serving” (they did.) The three record that, after ...

New York Yankees: Hal Steinbrenner talks luxury tax, Manny Machado - Elite Sports NY

Wed, 11/28/2018 - 01:00
New York Yankees: Hal Steinbrenner talks luxury tax, Manny Machado  Elite Sports NY

With the 2019 campaign in focus, New York Yankees owner Hal Steinbrenner sat down with YES Network to talk about the luxury tax and Manny Machado ...

Are Civics Lessons a Constitutional Right? This Student Is Suing for Them - The New York Times

Wed, 11/28/2018 - 01:00
Are Civics Lessons a Constitutional Right? This Student Is Suing for Them  The New York Times

Many see the lack of civics in schools as a national crisis. A federal lawsuit says it also violates the law.

New York Yankees: Hal Steinbrenner talks luxury tax, Manny Machado - Elite Sports NY

Tue, 11/27/2018 - 23:32

Elite Sports NY

New York Yankees: Hal Steinbrenner talks luxury tax, Manny Machado
Elite Sports NY
With the 2019 campaign in focus, New York Yankees owner Hal Steinbrenner sat down with YES Network to talk about the luxury tax and Manny Machado situations. When it comes to the offseason, what the New York Yankees are up to is always the hot topic ...

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NY Tax Attys Make Suggestions On Proposed GILTI Regs - Law360

Tue, 11/27/2018 - 18:17

NY Tax Attys Make Suggestions On Proposed GILTI Regs
Law360
Law360 (November 27, 2018, 7:49 PM EST) -- The New York State Bar Association Tax Section, in a letter to the U.S. Department of the Treasury released Tuesday, made comprehensive recommendations on recently released regulations on the taxation of ...

Incoming NY Senate Leader Signals Millionaires' Tax Renewal - Law360

Tue, 11/27/2018 - 16:54

Law360

Incoming NY Senate Leader Signals Millionaires' Tax Renewal
Law360
Law360 (November 27, 2018, 6:24 PM EST) -- The incoming leader of the New York State Senate has said that while she still needs to speak with the new Democratic members in the chamber, she thinks there will be enough support for an extension of New ...

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The “millionaire's tax” may become permanent. Here's what that means - City & State

Tue, 11/27/2018 - 14:53

City & State

The “millionaire's tax” may become permanent. Here's what that means
City & State
While the new session of the New York state Legislature won't convene until January, incoming state Senate Majority Leader Andrea Stewart-Cousins has indicated one policy she intends to keep in place – the “millionaire's” tax. Back in 2009, when New ...

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The “millionaire's tax” may become permanent. Here's what that means - City & State

Tue, 11/27/2018 - 14:53

City & State

The “millionaire's tax” may become permanent. Here's what that means
City & State
While the new session of the New York state Legislature won't convene until January, incoming state Senate Majority Leader Andrea Stewart-Cousins has indicated one policy she intends to keep in place – the “millionaire's” tax. Back in 2009, when New ...
Incoming NY Senate Leader Signals Millionaires' Tax RenewalLaw360

all 8 news articles »

The “millionaire's tax” may become permanent. Here's what that means - City & State

Tue, 11/27/2018 - 14:53

City & State

The “millionaire's tax” may become permanent. Here's what that means
City & State
While the new session of the New York state Legislature won't convene until January, incoming state Senate Majority Leader Andrea Stewart-Cousins has indicated one policy she intends to keep in place – the “millionaire's” tax. Back in 2009, when New ...

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