tax evasion

(Newser) - Democratic Rep. Rahm Emanuel said yesterday he will draft a bill to close a loophole that allows private-equity and hedge-fund managers to defer taxes on income earned by funds abroad. Emanuel proposes to limit such tax deferrals to $19,500—the amount anyone can put into a retirement account tax-free....

(Newser) - Leona Helsmley, the notoriously tyrannical real-estate baroness dubbed New York’s “Queen of Mean,” died of heart failure today at 87. The Brooklyn native took the reins of her husband Harry's real-estate empire in the 70s, and soon her name was synonymous with both luxe hotels and the...

(Newser) - Bernie Kerik is about to embarrass his former pal and partner Rudy Giuliani again. Federal prosecutors say they will charge Kerik with with several felonies in connection with the same problems that sank his nomination for secretary of Homeland Security in 2004.