The Bush era 15% tax rate on dividends was an admission that the US tax code had got out of line on this one point.
FORBES: Obama's Budget Raises Dividend Taxes to 39.6%: This is Not a Good Idea
The decision to file delinquent returns should be fully discussed with counsel, especially since the delinquent returns might be considered an admission in a later tax enforcement proceeding.
FORBES: Non-Filers Beware: Who's That Knocking at Your Door ?
But a Downing Street spokesman called the mansion tax a "stunning admission of economic incompetence".
BBC: Eastleigh by-election: Miliband restates 10p tax pledge
Campaign group UK Uncut said Starbucks' announcement was "a blatant admission of guilt" that it had intentionally avoided tax.
BBC: Tax: Starbucks in talks with UK's Revenue and Customs
The admission came one day after word came that the tax attorney who had been representing Gingrich quit on Saturday.
CNN: Gingrich Gave False Information To Ethics Committee
Instead, Wegelin's guilty plea included the admission that it intentionally opened accounts for US citizens to help them avoid tax.
BBC: Swiss banks' unease over Wegelin
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