cayman islands

How to Profit From Twitter Trading

A new hedge fund claims to have found a way to filter out the noise created by millions of tweets and use information gleaned on Twitter and Facebook to trade profitably.

9 Year-End Tax Tips for Non-Millionaires

If you're a millionaire, lowering your taxes can be complicated. But for the rest of us who are not near the top tax brackets, minimizing payments to Uncle Sam can be simpler. Here are some tips to help you lower your tax bill.

Fiscal Cliff Protestors Take Aim at the Cayman Islands

In what's believed to be the first protest of its kind in the Cayman Islands, social justice group Code Pink demonstrated against the British territory's use as a tax haven. Their rallying cry: $150 billion a year could be recovered from these havens to end the U.S. budget deficit and avoid the "fiscal cliff."

How the IRS Takes the Gold After the Olympics

Team USA's biggest winner of the London Olympic Games may be the IRS. Our Olympic medalists will rake in handsome rewards for representing their country, but they will also have to give a chunk back to Uncle Sam in taxes -- even though they earned the cash overseas.

Obama Plan Closes Some Loopholes, Opens Others

Cutting corporate tax rates and the deleting loopholes that let some companies pay little or nothing in taxes is just what most economists prescribe for the tangled U.S. tax code. So why isn't everyone cheering the plan President Obama unveiled Tuesday to do just that?

Billionaire Brothers Charged With $550 Million Fraud

Billionaire brothers Samuel and Charles Wyly were charged Thursday by the SEC with orchestrating a 13-year-long securities fraud that reaped them $550 million in undisclosed gains that were hidden in a series of transactions in offshore tax havens.