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4:56 pm
Tue April 15, 2014

Sending Money On An Overseas Round Trip To Avoid Taxes

Round-tripping occurs when American citizens open bank accounts in tax havens such as the Cayman Islands, funnel money into the accounts and then use it to buy stocks and bonds back in the U.S.
David McFadden AP

Originally published on Tue April 15, 2014 6:03 pm

Some investors avoid paying taxes in a move called round-tripping — sending money offshore, then investing it in U.S. stocks or bonds. A study estimates it costs the U.S. billions in lost revenues.

Recently, MIT professor Michelle Hanlon and two colleagues set out to find out all they could about round-tripping.

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NPR Story
4:56 pm
Tue April 15, 2014

In Portugal, A Sales Receipt May Be Your Ticket To Win Big

A customer pays a vendor for her purchases at Feira da Ladra flea market in Lisbon, Portugal, in October 2013. The government has introduced a "Lucky Receipts" lottery to encourage people to ask for receipts — which will automatically be entered into a national lottery for fancy new cars. It's an effort to curb tax evasion and raise revenue.
Mario Proenca Bloomberg via Getty Images

Originally published on Tue April 15, 2014 5:51 pm

On Lisbon's cobblestone lanes, the Portuguese economy is hobbling along as it always has — in cash.

In a tiny, 100-year-old bar, Nuno Goncalves pours out glasses of ginja — a Portuguese sweet cherry liqueur — for his customers, mostly old men in flat caps. A small shot-glass full costs 50 cents — cash only. There is a cash register, but it doesn't print receipts.

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Around the Nation
4:04 pm
Tue April 15, 2014

Oil Is Not All That's Booming In North Dakota — So Is Drug Trade

Originally published on Tue April 15, 2014 5:29 pm

Local and federal authorities worry over a rise in North Dakota's drug trade. Sharon Cohen of the Associated Press explains the proposed solutions to the issue, which some tie to the recent oil boom.

Music Interviews
4:04 pm
Tue April 15, 2014

Perennial Co-Writer Returns With An Album Of His Own

Originally published on Tue April 15, 2014 5:29 pm

Dan Wilson is your favorite songwriter's favorite co-writer, lending a pen to artists from Nas to Adele. But he also writes music for himself — and he joins the program to talk more about it.

Around the Nation
4:04 pm
Tue April 15, 2014

Months Of Training And A Moment Of Silence As Marathon Draws Near

Originally published on Tue April 15, 2014 5:29 pm

Even as Boston pays tribute to the victims of the marathon bombing, runners are preparing to run in the race next week. NPR is following the stories of eight of these participants, dubbed the "NPR 8."

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