A police officer stands outside the Mossack Fonseca law firm Tuesday as organized crime prosecutors raid the offices in Panama City. Arnulfo Franco/AP hide caption

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Want To Set Up A Shell Corporation To Hide Your Millions? No Problem

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A Real-Life Tax Scam: This Is What IRS Phone Fraud Sounds Like

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For nontraditional families, the tax code can be especially confusing. Oivind Hovland/Ikon Images/Getty Images hide caption

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For Nontraditional Families, The Tax Code Can Be Especially Confusing

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A box of Lumigan eye-drops, produced by Allergan Plc, stands next to a box of Viagra tablets, produced by Pfizer Inc. The Irish and American drugmakers were planning to merge, but the deal has been called off after a change in U.S. tax law reduced the potential benefits. Bloomberg via Getty Images hide caption

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A box of Lumigan eye-drops, produced by Allergan Plc, stands next to a box of Viagra tablets, produced by Pfizer Inc. The Irish and American drugmakers were planning to merge, but the deal has been called off after a change in U.S. tax law reduced the potential benefits. Bloomberg via Getty Images hide caption

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A pedestrian walks past the building housing the offices of Mossack Fonseca in Panama City, Panama, on Tuesday. The massive trove of emails, contracts and other papers from the law firm is being called the largest document leak in history. Bloomberg via Getty Images hide caption

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Progress Made To Rein In Shell Corporations, But More Action Needed

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Pfizer is now based in New York City, but the drug giant's domicile would be moved to Ireland under the terms of its proposed merger with Allergan. Mark Lennihan/AP hide caption

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Products that are regulated and taxed as medical devices include a wide range of machines and objects, including various scopes, scanners, tubing and pumps. iStockphoto hide caption

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With Special Tax Suspended, Medical Device Firms Reap Big Savings

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Democratic presidential candidate Hillary Clinton speaks during a campaign stop at the Electric Park Ballroom on Jan. 11 in Waterloo, Iowa. Joe Raedle/Getty Images hide caption

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Spain's Princess Cristina and husband, Inaki Urdangarin (right), leave a makeshift courtroom on Monday, the first day of a corruption trial. She is accused of tax fraud and is the first member of Spain's royal family to face criminal charges. Emilio Morenatti/AP hide caption

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Spain's Princess Goes On Trial

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Fed up with global companies that avoid British taxes by going offshore, shop owners in Crickhowell have come up with a plan to do the same thing. John Clift/Flickr hide caption

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A Cheeky Welsh Town Goes 'Offshore' To Avoid British Taxes

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Sen. Elizabeth Warren, D-Mass., at the National Press Club Wednesday. Warren was critical of President Obama's plan to change how U.S. multinational companies are taxed. Pablo Martinez Monsivais/AP hide caption

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Rep. Joe Courtney, D-Conn., proposed a bill in April to repeal the impending excise tax on employee health benefits that Obamacare deems excessive. Bill Clark/CQ-Roll Call, Inc. hide caption

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Looming Tax On High-End Health Plans Draws Heavy Fire

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Families play on the beach near the village of Thanos, Lemnos. The island has more than a hundred beaches. Greek tourists like Lemnos because it's affordable and relaxing, and foreign tourists like its unspoiled beauty and traditional charm. Joanna Kakissis for NPR hide caption

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An 'Island Tax' Could Harm One Bright Spot In Greek Economy

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The IRS released preliminary figures that show about three-quarters of taxpayers indicated they had qualifying health insurance in 2014. Carolyn Kaster/AP hide caption

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Steve Heller has worked for Minnesota's John Henry Foster company for 15 years. He says he likes the greater choice of health plans he now has because of the private exchange. Mark Zdechlik/MPR hide caption

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More Health Plan Choices At Work: What's The Catch?

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Same-Sex Marriage Ruling Raises Questions Of Religious Rights, Tax Status

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