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Offshore Tax Havens

So Much Corporate Cash, So Little Use

The Huffington Post | Mark Gongloff | Posted 03.08.2013 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Ben Hallman

New 'Territorial' Tax Push Could Allow Companies To Pay Even Less In Taxes | Ben Hallman | Posted 03.06.2013 | Business

Corporate profits are soaring, but many of the largest American companies say they need tax relief in order to compete with foreign foes. On Wedn...

Reverse the Policies that Are Destroying the Middle Class

Allan Brawley | Posted 04.28.2013 | Politics
Allan Brawley

In their latest book, The Betrayal of the American Dream, Donald L. Barlett and James B. Steele present a compelling case that America's middle class is in danger of extinction unless our government reverses course on major policies it has pursued over the last four decades.

Deception in the Corporate Tax Reform Debate

David Callahan | Posted 04.28.2013 | Business
David Callahan

The RATE Coalition, a 501(c)4 organization dedicated to corporate tax reform, makes such patently simplistic arguments in this area that it's hard to fathom how two smart people like Elaine Kamarck and James Pinkerton could lend their reputations to the enterprise.

Caymans' Folly: Do You Know Where Your Pension Funds Are?

Janine R. Wedel | Posted 04.16.2013 | Business
Janine R. Wedel

Islands like the Caymans are well-known as corporate tax havens, and earlier this week Vermont Senator Bernie Sanders railed against rampant offshore tax abuse. What's less well-known, but perhaps just as troubling, is that hedge funds use these havens to avoid something else as well: proper governance.

Dollars & Sense: How to Raise the Minimum Wage, Improve our Workforce and Cover the Cost

Sanjay Sanghoee | Posted 03.24.2013 | Business
Sanjay Sanghoee

The struggle to make ends meet and the incidental factors that accompany living in poverty conditions, such as sleep deprivation, poor health care, long commutes to work, lack of free time to further education, etc. -- all make it nearly impossible for such people to train themselves.

Facebook Uses 'Double Irish' Dodge To Pay Less Than 1 Percent In Foreign Taxes

The Huffington Post | Catherine New | Posted 04.22.2013 | Business

Social media giant Facebook is the latest American corporation to use its offshore entities as a way to dodge the taxman, paying only a 0.3 percent ta...

Swiss Bankers Charged For Hiding Millions In Offshore Accounts

Reuters | Posted 12.19.2012 | Business

Dec 19 (Reuters) - The U.S. Attorney's Office in Manhattan announced charges Wednesday against three Swiss bankers, who the governme...

Mark Gongloff

Report: Corporations' Overseas Profit Stash Could Erase Fiscal Cliff | Mark Gongloff | Posted 12.14.2012 | Business

While Washington freaks out about the budget deficit, a corporate money mountain matches the $1.6 trillion President Obama wants in tax hikes. Theoret...

Ben Hallman

How Corporate Giants Are Sneaking Tax Breaks Into Fiscal Cliff Debate | Ben Hallman | Posted 12.12.2012 | Business

As Washington tries to balance the federal books and avert the automatic spending cuts and tax increases known as the fiscal cliff, top executives of ...

We Have the Power to Change the Rules

Thomas Pogge | Posted 02.04.2013 | World
Thomas Pogge

Lasting change requires more than overthrowing a dictator or firing a few CEOs. It requires changing the rules themselves -- the national and international laws, policies and practices that allow injustices to endure while regimes rise and fall.

Zach Carter

Obama's Opening Gambit On The Fiscal Cliff -- Time To Freak Out? | Zach Carter | Posted 11.30.2012 | Politics

No. But there are several interesting elements, particularly among the combined $1.6 trillion in new tax revenue. Obama has spent most of the past ...

Zach Carter

10 Ways Obama, Congress Could Cut U.S. Budget Without Raising Income Taxes Or Slashing Entitlements | Zach Carter | Posted 11.30.2012 | Politics

WASHINGTON -- Just about every policy lawmakers are considering for a deal to avert the so-called fiscal cliff would involve either raising individual...

Free Enterprise Is Not Free

Nicole Tichon | Posted 01.20.2013 | Business
Nicole Tichon

There's real money in cracking down on offshore tax dodging. Congress needs to close these loopholes and make large corporations pay taxes in the same country that provides them with the benefits and legal protections that make it so profitable to operate in the U.S. in the first place.

"Reasonable Suspicion" Now Applies to Mitt Romney

C. Robert Gibson | Posted 11.12.2012 | Politics
C. Robert Gibson

The Romneys deserve to be stopped-and-frisked over their missing tax returns by the press during every interview until they disclose them, because they're going to remain suspicious as hell until they show us what's really in there.

Zach Carter

Mitt Romney's Taxes Enriched Foreign Governments | Zach Carter | Posted 08.20.2012 | Politics

WASHINGTON -- Mitt Romney sought and received $787,455 in foreign tax credits from the U.S. Treasury to cover his tax payments to other nations in 200...

Jason Cherkis

Did Romney Use An Offshore Loophole To Avoid Taxes? | Jason Cherkis | Posted 08.17.2012 | Politics

WASHINGTON -- Presidential candidate Mitt Romney's tax returns may be more incomplete in their public release than was previously thought. Filings rel...

Tax Evaders Beware!

NPR | Posted 10.09.2012 | Money

Republican presidential candidate Mitt Romney has acknowledged that he had money in a Swiss bank account until 2010. Romney says he wasn't trying to h...

The Cayman Islands Isn't The Perfect Tax Haven Anymore

The Huffington Post | Bonnie Kavoussi | Posted 07.27.2012 | Business

The Cayman Islands may get an income tax soon, but the rich need not worry. In an effort to balance its budget, the Cayman Islands has proposed its...

Super-Rich Hold Up To $32 TRILLION In Offshore Havens

Reuters | Posted 09.20.2012 | Business

LONDON, July 22 (Reuters) - Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, repr...

Smoking Guns: Finally Enough Evidence to 'Convict' Romney?

Sanjay Sanghoee | Posted 09.15.2012 | Business
Sanjay Sanghoee

Over the past few months, Romney has thrown individual pieces of evidence my way but it was not until now that all the pieces meshed together to form a simple, clear, picture. The court of public opinion is in session.

Does Mitt Romney Want to Be President?

Lisa Wexler | Posted 09.10.2012 | Politics
Lisa Wexler

Every president comes to the office with human flaws. But to lead this greatest nation in the world, you need to be all in, in every possible way, with all your heart, all your soul, and even ALL your money.

Reminder: Offshore Tax Havens Cost U.S. Government A Crazy Amount

The Huffington Post | Alexander Eichler | Posted 07.11.2012 | Business

On Tuesday, after Mitt Romney said he had "no idea where" his offshore investments were, Lindsey Graham (R-S.C.) came to his aid, saying "it's really ...

Mitt's Birther Controversy

Jonathan Richards | Posted 09.05.2012 | Politics
Jonathan Richards


In The Public Interest : Could Obama's Business Tax Reform Realize Its Potential?

Phineas Baxandall | Posted 05.01.2012 | Politics
Phineas Baxandall

The much anticipated corporate tax reform framework released last week by President Obama hit the right notes but lacked the details to know if it can fully realize it's potential.