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Elizabeth Macdonald Archive

  • Inside Look: The Genesis of IRS Political Pressure

    Published May 23, 2013

    Pressure to keep an eye on political groups has been mounting on the Internal Revenue Service for some time, according to a review by FOX Business.

  • The Key Point About Apple’s Tax Moves

    Published May 22, 2013

    The fight over Apple has to do with two things. Apple houses a big chunk of its profits in low- to no-tax Ireland, and U.S. companies pay taxes twice on their overseas profits, first to the foreign jurisdiction, then to the U.S. if repatriated.

  • At the Heart of DC’s Fight with Apple

    Published May 22, 2013

    Sitting at the heart of the Apple scandal-palooza in Washington is the belief that Apple’s low tax bill via the use of Ireland’s low corporate tax regime is helping to drive the U.S. deficit. But here's what lawmakers are missing. 

  • Apple’s Irish Tax Strategy Explained

    Published May 21, 2013

    A new Senate report alleges that Apple blows through a loophole to avoid paying corporate income taxes. Here's how it does it. 

  • Apple's Cook Faces Grilling in Senate on Web of Tax Shelters

    Published May 20, 2013

    Apple will argue for comprehensive corporate tax reform when it goes before a Senate subcommittee Tuesday becoming the latest tech company to face questions about offshore tax practices.

  • Behind the IRS's Targeting of Conservative Groups

    Published May 15, 2013

    The IRS’s targeting of tax-exempt applications from conservative social welfare groups is worse than initially believed, a new report shows.

  • What to Expect at the IRS Hearings

    Published May 14, 2013

    Emac's Bottom Line: The IRS is not some mindless, acultural thing. It’s populated by human beings prone to political pressures. Here's a look at its history and what to expect from the  coming hearings.

  • What You Should Know in IRS Controversy

    Published May 13, 2013

    The IRS has found itself in a deepening scandal over targeting certain nonprofit profit groups, including Tea Party supporters. Here's what every taxpayer should know. 

  • 5 Big Interviews from the Forbes Women’s Summit

    Published May 10, 2013

    FOX Business' Elizabeth MacDonald covered the Forbes Women's Summit. Here's a look at five interviews with leading female figures. 

  • BofA, Wells Sued Over Mortgage Deal Violations

    Published May 06, 2013

    NY AG  Eric Schneiderman will announce a new suit against Bank of America and Wells Fargo for allegedly violating mortgage modification rules set in a 2012 pact.