Anti-tax group promotes tax avoidance to celebs

Anti-tax group promotes tax avoidance to celebs

Many celebrities, including Wesley Snipes are members of an anti-tax group known for promoting tax avoidance

Many US celebrities, including
Wesley Snipes,
believe they are exempt from taxation because of an obscure ‘interpretation’ of
the Internal Revenue Code
(IRC), often nothing more than a technique by certain groups to scam people out
of money through consulting fees and membership dues by convincing them they do
not owe tax to the government.

Abcnews.com reports that, according to the federal indictment
against Snipes, he became a member of the anti-tax group known as the
American
Rights Litigators
(ARL), which tax analysts told abcnews.com is known for
scamming its clients into believing in the ‘861 Argument’.

This so-called argument refers to Section 861 of the IRC, which groups such
as ARL say imposes taxes only on income made outside the US, therefore making
income earned within the US ineligible for taxation.

‘It’s a twisted reading of the federal tax code,’ said a US tax expert who
has testified before Congress on anti-tax movements. ‘It’s a cult belief.’ The
government argues that, under the direction of the ARL, Snipes used multiple
illegal tactics to avoid paying taxes.

Further reading:

Snipes may have to waive claim of ineffective counsel

Celebs back Snipes in tax trial

Read
the story in acbnews.com

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource