REPORT: Wall Street Bank Involvement With Physical Commodities

REPORT: IRS & TIGTA Management Failures Related to 501(C)(4) Applicants Engaged In Campaign Activity

Abuse of Structured Financial Products: Misusing Basket Options to Avoid Taxes and Leverage Limits

Conflicts of Interest, Investor Loss of Confidence, and High Speed Trading in U.S. Stock Markets

Online Advertising and Hidden Hazards to Consumer Security and Data Privacy

Caterpillar's Offshore Tax Strategy

Offshore Tax Evasion: The Effort to Collect Unpaid Taxes on Billions in Hidden Offshore Accounts

The Permanent Subcommittee on Investigations held a hearing and issued a report entitled "Offshore Tax Evasion: The Effort to Collect Unpaid Taxes on Billions in Hidden Offshore Accounts,” on Wednesday, February 26, 2014.    The hearing was a continuation of the Subcommittee’s examination of tax haven bank facilitation of U.S. tax evasion, focusing on the status of efforts to hold Swiss banks and their U.S. clients accountable for unpaid taxes on billions of dollars in hidd Read More  »

Social Security Disability Program Abuses - A Case Study of the Conn Law Firm

On October 7, 2013, Homeland Security and Governmental Affairs Committee Ranking Member Tom Coburn, M.D. (R-OK), Chairman Tom Carper (D-DE), Permanent Subcommittee on Investigations Chairman Carl Levin (D-MI) and Permanent Subcommittee on Investigations Ranking Member John McCain (R-AZ), released the findings of a two year investigation into a case study of abuses surrounding the approval process of Social Security Disability benefits. The report, entitled, How Some Legal, Medical, and Judicial Read More  »

Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)

The Permanent Subcommittee on Investigations held a hearing, “Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)” on Tuesday, May 21, 2013, at 9:30 a.m. in Room 106 of the Dirksen Senate Office Building. The Subcommittee continued its examination of the structures and methods employed by multinational corporations to shift profits offshore and how such activities are affected by the Internal Revenue Code and related regulations. Witnesses will include representative Read More  »

JPMorgan Chase Whale Trades: A Case History of Derivatives Risks and Abuses

The Permanent Subcommittee on Investigations held a hearing, “JPMorgan Chase Whale Trades: A Case History of Derivatives Risks and Abuses,” on Friday, March 15, 2013, at 9:30 a.m., in Room G-50 of the Dirksen Senate Office Building.  The Subcommittee examined matters relating to credit derivative trades made by the JPMorgan Chase Chief Investment Office.  The Subcommitteehas issued a STAFF REPORT [PDF] in conjunction with the hearing summarizing its investigative findi Read More  »

Offshore Profit Shifting and the U.S. Tax Code - Part 1 (Microsoft & Hewlett-Packard)

The Permanent Subcommittee on Investigations held a hearing, “Offshore Profit Shifting and the U.S. Tax Code” on Thursday, September 20, 2012.  The Subcommittee hearing examined the shifting of profits offshore by U.S. multinational corporations and how such activities are affected by the Internal Revenue Code and related regulations. Witnesses included  Read More  »

U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History

The Permanent Subcommittee on Investigations held a hearing, "U.S. Vulnerabilities to Money Laundering, Drugs, and Terrorist Financing: HSBC Case History," on Tuesday, July 17, 2012.  At the hearing a SUBCOMMITTEE STAFF REPORT was released. [PDF] The Subcommittee hearing examined the issue of money laundering and terrorist financing vulnerabilities created when a global bank uses its U.S. affiliate to provide U.S. dollars, U.S. dollar services, and access to the U.S. financial system to hig Read More  »