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New crackdown on global tax cheats

Brian Raymond Callahan, a money manager from Old

Photo credit: iStock | Brian Raymond Callahan, a money manager from Old Westbury, is accused of defrauding 24 or more investors of $74.9 million.

The United States and five European nations are pledging to crack down on global tax evaders.

The Treasury Department said Wednesday that the U.S. government has signed a joint agreement with France, Germany, Italy, Spain and the United Kingdom to intensify their efforts to fight international tax evasion.

Treasury also announced that the Internal Revenue Service is publishing proposed...

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