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Tax Havens

The Time is Now: Building a Human Economy for Africa

Winnie Byanyima | Posted 05.11.2016 | Impact
Winnie Byanyima

Every generation places hope in its children. For Africa this could not be more evident as our largest and best-educated generation is coming of age....

The U.S. Is A Tax Haven. Obama Wants To Change That.

The Huffington Post | Shane Ferro | Posted 05.06.2016 | Business

The Obama administration announced Friday that it will begin cracking down on common money laundering and tax evasion schemes in the aftermath of the ...

Might U.K., U.S. Exhibit Leadership in Addressing State Capture and Legal (as Well as Illegal) Corruption?

Daniel_Kaufmann | Posted 04.26.2016 | Business
Daniel_Kaufmann

The leaked information in the Panama Papers from the law firm Mossack Fonseca have captured the headlines, placed Panama in the limelight, and provide...

College Could Be Free In America If Corporations Paid Reagan-Era Taxes

The Huffington Post | Shahien Nasiripour | Posted 04.21.2016 | Business

If corporations paid the same tax rate as they did under Ronald Reagan, governments in the U.S. would have enough money to fund prekindergarten for ev...

Panama, Trade Agreement Promises & The TPP

Lori Wallach | Posted 04.19.2016 | Politics
Lori Wallach

With the presidential primary spotlighting a bipartisan trade revolt, defenders of our status quo trade policies are on the defensive. Their latest claim: the Panama Papers leak shows that the U.S. free trade agreement (FTA) with Panama fixed that nation's infamous tax haven conduct. An actual review of the data, however, shows that the FTA seems to have incentivized more tax haven activity in Panama, not less.

Weekend Roundup: As the West Bickers, the East Builds a New Silk Road

Nathan Gardels | Posted 04.15.2016 | World
Nathan Gardels

While the passions of internal discord have stalled the once-confident global march of the West, the East, led by China, is looking ahead with a decades-long strategy to revive the ancient Silk Road through Eurasia as the core of the world's economy and civilization. As Oxford historian Peter Frankopan, author of "The Silk Roads: A New History of the World," writes: "The age of the West is all but at an end when it comes to taking the lead and planning for the future." (continued)

Report: U.S. Corporations Have Stashed $1.4 Trillion In Offshore Tax Havens

The Guardian | Paul Vale | Posted 04.14.2016 | Business

US corporate giants such as Apple, Walmart and General Electric have stashed $1.4tn (£980bn) in tax havens, despite receiving trillions of dollars in...

Panama Raids Offices Of Law Firm At Center Of 'Panama Papers' Leak

Reuters | Annum Masroor | Posted 04.13.2016 | World

PANAMA CITY, April 12 (Reuters) - Panama's attorney general late on Tuesday raided the offices of the Mossack Fonseca law firm to search for any evide...

Panama Papers: Global Immorality Must Be Tackled

Diane M. Francis | Posted 04.11.2016 | Business
Diane M. Francis

The fact is that making fortunes in Canada, then taking them offshore to never pay taxes again, is a well-worn Canadian tradition. It's all very legal. But morality is another matter.

Weekend Roundup: Tax Havens and Refugee Camps Describe Today's World

Nathan Gardels | Posted 04.08.2016 | World
Nathan Gardels

This week, two faces of globalization -- tax havens and refugee camps -- were dramatically on display. As the "Panama Papers" revealed, the super-rich and well-connected have been sending boatloads of money offshore to hide their wealth and escape taxation. Powerless and penniless refugees who risked their lives on rickety vessels to reach Europe's safe shores were being sent back from camps in Greece to an uncertain fate amid the violence, misery and insecurity of the regions from which they had escaped. (continued)

The Who, What, Where, When, Why, and How of the Shocking #PanamaPapers

Kicker | Posted 04.05.2016 | World
Kicker

]Panama, long famous for its beautiful beaches, is now known for the instantly infamous #PanamaPapers. (Charlie Leu/Flickr) Ahh... the beach. Who kne...

Bernie Sanders Called Out Panama As A 'World Leader' In Tax Evasion Years Ago

The Huffington Post | Daniel Marans | Posted 04.06.2016 | Politics

Bernie Sanders cited concerns about tax evasion to explain his opposition to the 2011 U.S.-Panama free trade agreement. The Vermont senator now clai...

One Of Ben Carson's Craziest Ideas Is Coming True

The Huffington Post | Ben Walsh | Posted 03.26.2016 | Business

Like the thing about the pyramids actually being grain silos, when Ben Carson revealed his plan to turn the U.S. into a tax haven, it was hard to take...

Whose Gold Spoon Is Feeding Nonsense to The Denver Post?

Jason Salzman | Posted 03.09.2016 | Denver
Jason Salzman

The Denver Post is an outfit that likes to think of itself as standing up for everyday people, who rightfully worry about the ways the rich take advantage of tax loopholes to get richer, while most people are left treading water and wishing politicians would stand up for them.

The World's Favorite New Tax Haven Is The United States

Bloomberg Business | Adam Goldberg | Posted 01.27.2016 | Business

Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business....

Extreme Inequality Is Not Inevitable

Raymond C. Offenheiser | Posted 01.22.2016 | Impact
Raymond C. Offenheiser

Just 53 men and 9 women have as much wealth as more than 3.6 billion people on this planet. Such a startling statistic highlights how extreme inequality has picked up a dramatic pace.

Elizabeth Warren Slams Proposed Tax Reforms As 'Giant Wet Kiss' To Corporations

The Huffington Post | Shahien Nasiripour | Posted 11.18.2015 | Politics

Federal policymakers must demand that big corporations "substantially increase" the amount of federal tax they pay under any rewrite of the nation's t...

Tax Havens Are Turning The U.S. Into An Unequal Aristocracy

The Huffington Post | Alexander C. Kaufman | Posted 09.27.2015 | Business

To Gabriel Zucman, protégé of rock star French economist Thomas Piketty, the United States is starting to look a lot like Europe in the late 1800s. ...

Etsy Crafts An Offshore Tax Dodge

Frank Clemente | Posted 09.04.2015 | Politics
Frank Clemente

Who knew a New Age crafts seller could be so, well, crafty? Etsy joins a larger fraternity of American corporations that use a variety of offshore tax havens to collectively dodge $90 billion in U.S. taxes every year. But few if any of those other companies make such bold ethical claims as Etsy.

Trump: Don't Make Corporations Pay Their Taxes

Dave Johnson | Posted 08.21.2015 | Entertainment
Dave Johnson

Never mind the decades of gibberish we have been subjected to about "tax cuts increase revenue to the government" and "low taxes means more jobs" and "pro-growth policies" and "government takes money out of the economy" and "tax cuts hurt growth" and "taxes are theft."

5 Tax Myths You'll Hear During Republican Presidential Debate

Frank Clemente | Posted 08.06.2015 | Politics
Frank Clemente

We tune into presidential debates for the surprises (who knew Rick Perry couldn't count to three?), but most of what happens is all too predictable. At a GOP debate, you can be sure taxes will be a hot topic. After all, what ailment can't be cured with a tax cut?

Obama's Plan to Address Corporate Tax Avoidance on Offshore Profits Is 'Not Nearly Enough'

Frank Clemente | Posted 04.04.2015 | Politics
Frank Clemente

For years everyone else has been picking up the tab for big corporations because our tax system encourages them to shift jobs and profits offshore. It's time for that to end. President Obama's plan does not go nearly far enough to do that.

It's Not Over Yet

Jaimie Woo | Posted 12.23.2014 | Politics
Jaimie Woo

Our representatives will need to pass a continuing resolution to ensure funding for the federal government, and they're also likely to renew a collection of 55 temporary tax breaks, known as "tax extenders," that are set to expire at the end of this year.

Why Are We Letting Crooks And Fraudsters Use American Companies To Rip Off Americans?

Charmian Gooch | Posted 11.26.2014 | Business
Charmian Gooch

We don't need anonymous companies. They are the getaway cars for all sorts of criminals and fraudsters who are hurting U.S. interests -- it's time to take away the keys.

Recent Inversion Wave Brings on Slew of Outrage -- What's Next?

Jaimie Woo | Posted 11.22.2014 | Politics
Jaimie Woo

By buying out a foreign company and using it as a tax haven, companies that "invert" don't move abroad in any real sense, and continue to benefit from America's infrastructure, education system, security and large consumer market.