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Revision as of 09:44, 14 August 2026

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

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

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