Internal Revenue Service

The US Government Is Suing Itself Over Silicon Valley Bank

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Photo: Ian Dyball (Getty Images) Can’t we all just get along? Not if you’re an employee of the federal government. The Internal Revenue Service (IRS) just filed a lawsuit against the Federal Deposit Insurance Corporation (FDIC) over a $1.45 billion tax bill stemming from the bailout of Silicon Valley Bank. Why Bitcoin won’t reach $1,000,000 … Read more

Swiss bank Banque Pictet admits hiding Americans’ income from IRS

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A sign sits outside Banque Pictet & Cie SA in Geneva, Switzerland, on Friday, Oct. 16, 2015.  Luke MacGregor | Bloomberg | Getty Images A major Swiss bank admitted to conspiring with U.S. taxpayers and others to hide over $5.6 billion from the Internal Revenue Service, the Department of Justice announced Monday. Banque Pictet, the … Read more