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Revision as of 17:49, 27 July 2026

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The IRS collected $3.4 billion from GlaxoSmithKline for allegedly cheating on its taxes. The internal revenue service contended in which it evaded taxes by making several inter company transactions to foreign affiliates regarding two of its patents and trademarks on popular drugs it operates. That is known as offshore tax fraud.

The increased foreign earned income exclusion, increased tax bracket income levels, and continuation of Bush era lower tax rates are excellent news for all the American expats. Tax rules for expats are very confusing. Get the a specialist you have to have to file your return correctly and minimize your U.S. tax.

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