The US government has recovered over $1.3 billion from wealthy taxpayers since late 2023 as part of a crackdown on tax evasion. This initiative comes after a significant drop in audit rates for millionaires during the previous administration, leading to a shift in the burden of unpaid taxes onto lower-income individuals. The current administration is focused on ensuring that high-income earners pay their fair share.
Hunter Biden, son of US President Joe Biden, pleaded guilty to nine counts of tax evasion, admitting to failing to pay $1.4 million in taxes over a decade. This comes after a failed plea deal attempt and amid ongoing scrutiny from Republicans who allege preferential treatment due to his father’s position. Hunter Biden faces up to 17 years in prison and a fine exceeding $1 million.
Hunter Biden, son of President Joe Biden, has pleaded guilty to all nine federal tax charges, avoiding a second trial and potential further scrutiny of his past struggles with addiction. The plea agreement comes after his earlier conviction on gun charges, marking the first criminal conviction of a sitting U.S. president’s child. This development adds another layer of complexity to the political landscape ahead of the 2024 presidential election.
Hunter Biden, son of US President Joe Biden, has agreed to plead guilty to tax evasion charges, just as jury selection was set to begin in his trial. This plea comes after a tumultuous period marked by accusations of preferential treatment and political maneuvering. While the plea may bring an end to the legal proceedings, it continues to be a source of controversy and scrutiny, particularly in the context of the upcoming 2024 US Presidential election.
Hunter Biden, son of President Joe Biden, is set to plead guilty to federal tax charges, a sudden turn of events that surprised federal prosecutors. This comes as the trial for the charges began in Los Angeles, with jury selection underway. The charges stem from accusations that Biden failed to pay millions in taxes and filed false tax returns over a four-year period.
Hunter Biden, the President’s son, faces trial for tax evasion charges in California. The trial, stemming from a long-running investigation by Special Counsel David Weiss, comes amidst a heated political climate. Former officials are expressing surprise at the slow pace of investigations into the Biden family, while Republicans are calling for criminal charges against Hunter and his father, James Biden. This trial marks the second time Hunter Biden is facing charges this year, with a separate firearms case already resulting in a guilty verdict.
Hunter Biden, son of US President Joe Biden, goes on trial in California for tax evasion, a case that has drawn significant attention and criticism. Accused of failing to pay millions in taxes, Biden’s legal battle has been intertwined with his past struggles with addiction and personal turmoil. While the trial is expected to focus on financial charges, it also sheds light on the ongoing political scrutiny surrounding the Biden family.
Senior finance ministry officials in India have called for tax officers to strike a balance between enforcing tax compliance and facilitating a smooth business environment. This comes as the government intensifies its fight against GST evasion, with a special drive targeting fake registrations and tax credit fraud.
The Comptroller and Auditor General (CAG) has raised concerns about potential tax evasion within India’s Goods and Services Tax (GST) composition scheme. The CAG’s audit found that many taxpayers are at risk of exceeding the turnover limit for the scheme, leading to potential misuse of benefits. The audit recommends that the Finance Ministry take steps to identify and remove ineligible taxpayers to prevent further tax evasion.
A Michigan asphalt company has been fined $6.5 million for participating in a bid-rigging scheme, while a Texas tax preparer has been permanently barred from preparing tax returns due to inflating customers’ refunds. In Florida, a man pleaded guilty to evading nearly $2.4 million in taxes on income earned from his medical equipment business.
