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Offshore Tax Havens

Report: Apple Is Paying Almost No Taxes On Its Billions Stashed Offshore

Posted 05.20.2013 | Business

Just one day before Apple's CEO Tim Cook is expected to argue for corporate tax reform on Capitol Hill, a new report claims that the company is avoidi...

Apple's Cook Pushes Tax Overhaul

Reuters | Posted 05.17.2013 | Business

(Reuters) - Apple Inc CEO Tim Cook will propose tax changes that would encourage firms to bring home more of their offshore funds when he faces congre...

Zach Carter

New Reason For Rich Tax Cheats To Cheer

HuffingtonPost.com | Zach Carter | Posted 04.30.2013 | Politics

WASHINGTON -- Special IRS amnesty programs for illegal offshore tax evasion have brought billions of dollars to the U.S. government and opened a wealt...

Americans Using Tax Havens Are Costing The Rest Of Us $150 Billion

Posted 04.05.2013 | Business

Worried about the federal deficit? Then you're worried about foreign tax havens, the use of which is costing the U.S. $150 billion per year in the for...

Leaked Records Reveal Who Hides Their Wealth Overseas

The Guardian | David Leigh | Posted 04.03.2013 | World

Millions of internal records have leaked from Britain's offshore financial industry, exposing for the first time the identities of thousands of holder...

Starbucks Caught In Awkward Tax Claim

Posted 03.29.2013 | Business

In the latest development in the mounting controversy over corporate taxes in Britain, Dutch authorities are denying claims by Starbucks’ CFO Troy A...

Zach Carter

Wall Street Deregulation Roars Back On Capitol Hill

HuffingtonPost.com | Zach Carter | Posted 05.08.2013 | Politics

WASHINGTON -- A bipartisan cadre of House lawmakers will move on legislation to deregulate Wall Street derivatives Wednesday, less than a week after S...

10 Companies Whose Offshore Profits Are Exploding

The Huffington Post | Harry Bradford | Posted 03.13.2013 | Business

Sending profits away keeps the taxman at bay. That's the motto that Apple, along with dozens of other companies, has subscribed to in an effort to...

Famous House-Shorter Mulls Move To Puerto Rico To Avoid Taxes: Report

The Huffington Post | Mark Gongloff | Posted 03.11.2013 | Business

The man who made billions shorting your house is now thinking of saving millions by shorting America itself, of tax dollars. John Paulson, manager ...

Jack Lew, Citigroup and the Ugland Truth

Michael Winship | Posted 05.09.2013 | Politics
Michael Winship

Jack Lew is, by all accounts, a decent guy and dedicated public servant, but like so many of our recent treasury secretaries is so deeply immersed in the old boy nexus of Wall Street and government as to have little comprehension of how, in the midst of a soaring Dow Jones, so many millions struggle to make ends meet.

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

HuffingtonPost.com | 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

HuffingtonPost.com | 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

HuffingtonPost.com | 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?

HuffingtonPost.com | 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

HuffingtonPost.com | 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

Carl Gibson | Posted 11.12.2012 | Politics
Carl 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.