Offshore Tax Havens

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

Phineas Baxandall | Posted 05.01.2012

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.

Report: Pepco Spends More Money On Lobbying Than On Taxes

The Huffington Post | Arin Greenwood | Posted 01.19.2012

WASHINGTON -- Pepco is not only the most hated company in America. According to a new report, the D.C.-area electric utility is also one of the "Dirty...

"Job Creators" Aren't Doing Their Job

Carl Gibson | Posted 03.13.2012

Carl Gibson

It is both greedy and irresponsible for American corporations to allow untaxed cash to pile up on their balance sheets while American infrastructure crumbles, public education suffers, the unemployed struggle to survive and shareholders lose their investments.

Major Swiss Bank To Disclose Names Of U.S. Clients Suspected Of Tax Evasion

Posted 01.08.2012

Credit Suisse AG, Switzerland's second-largest bank, has begun notifying certain U.S. clients suspected of offshore tax evasion that it intends to...

Tax Evasion Campaign Yields Billions In Offshore Assets

Posted 12.25.2011

An international drive against offshore tax havens has reaped nearly 14 billion euros from would-be tax evaders, the Organization for Economic Coo...

Government Investigates Google For Tax Avoidance

The Huffington Post | Bonnie Kavoussi | Posted 12.13.2011

The Internal Revenue Service (IRS) is investigating Google for avoiding taxes by shifting its profits overseas, according to a Bloomberg News report b...

U.S. Corporations Fight Congress, White House Over Tax Havens

Posted 11.14.2011

By Kevin Drawbaugh WASHINGTON (Reuters) -- Large U.S. corporations are pressuring Congress and the White House to exempt overseas corporate pro...

CEOs Rewarded for Tax Dodging Gymnastics

Chuck Collins | Posted 10.31.2011

Chuck Collins

These CEOs profess to love America. But when it comes time to pay the bills, they'd rather outsource that job over to you or the small business down the road.

Jennifer Bendery

Paul Ryan Tries To Create Tax Loopholes For Biggest Donors

HuffingtonPost.com | Jennifer Bendery | Posted 10.22.2011

WASHINGTON -- House Budget Committee Chairman Paul Ryan (R-Wis.) has for months argued for closing tax loopholes as a way to pay for his proposed tax ...

Zach Carter

Business Roundtable Celebrates Strengthened GOP Support On Trade Deals

HuffingtonPost.com | Zach Carter | Posted 09.21.2011

WASHINGTON -- A group of top CEOs celebrated Friday as a group of 12 Republican senators sent a letter to President Barack Obama announcing support fo...

Senator Introduces Law Targeting Charities That Avoid Taxes Offshore

Connecting the nonprofit world with news, jobs, and ideas | Suzanne Perry | Posted 09.18.2011

Sen. Charles E. Grassley, senior Republican on the Senate Judiciary Committee, has introduced legislation that would deny some federal money to chari...

Marcus Baram

While Prosecutors Nail Banks Over Offshore Tax Abuses, Lobbyists Push To Delay New IRS Rules

HuffingtonPost.com | Marcus Baram | Posted 09.14.2011

Today's news that Credit Suisse is being probed by the Department of Justice as part of a wider probe into foreign banks suspected of aiding tax evasi...

Dan Froomkin

Senate Dem Pitches Tax Haven Abuse Bill As Deficit Reduction

HuffingtonPost.com | Dan Froomkin | Posted 09.11.2011

To the ongoing Capitol Hill choruses of "tax the rich" and "tax the poor," Sen. Carl Levin (D-Mich.) offered a third option on Tuesday: "Tax the cheat...

In The Public Interest: How Much Did You Pay for Tax Dodging Corporations?

Phineas Baxandall | Posted 06.19.2011

Phineas Baxandall

Instead of cutting needed programs, our leaders should take a close look at our unbalanced tax code and close the outrageous loopholes that allow the wealthiest individuals and corporations to skip out on paying their share.

Offshore Banking and Tax Havens Have Become the Heart of Global Economy

Democracy Now! | Posted 06.15.2011

Democracy Now!

As millions of Americans prepare to file their income taxes, Nicholas Shaxson explains how corporations and the wealthy use offshore banks and tax havens to avoid paying taxes and other governmental regulations.

Zach Carter

Obama Rejects Tax Increase On Big Business

HuffingtonPost.com | Zach Carter | Posted 06.06.2011

WASHINGTON -- As Congress grinds closer to shutting down the federal government and the White House floats proposals to cut social services for workin...

Pay Up, Corporate Tax Dodgers

Chuck Collins | Posted 05.25.2011

Chuck Collins

Instead of cutting state and federal budgets, the United States should crack down on the corporate tax dodgers thumbing their noses at us.

In The Public Interest: A (Non)Taxing Issue

Phineas Baxandall | Posted 05.25.2011

Phineas Baxandall

Many large companies use offshore subsidiaries and creative tax planning to lower their tax rates at the expense of the rest of us. As legislators wring their hands over missing budget funds, it is eye-popping to see where much of the money has gone.

Google's Tax Avoidance: So Much for "Don't Be Evil"

David Callahan | Posted 05.25.2011

David Callahan

Over the years, there have been a dribble of stories about how Google tries to avoid paying taxes on foreign profits. In 2007, Google was investigated...

The Business Case Against Overseas Tax Havens

Chuck Collins | Posted 05.25.2011

Chuck Collins

In the U.S., thanks in part to overseas tax havens, we have one tax system for multinational companies and wealthy individuals -- and another for small businesses and ordinary taxpayers.

Offshore Corporate Tax Havens: Why Are They Still Allowed?

Arianna Huffington | Posted 05.25.2011

Arianna Huffington

The bracing reality that America has two sets of rules -- one for the corporate class and another for the middle class -- has never been more indisputable than now.

Offshore Means Never Having to Pay Payroll Taxes

David Isenberg | Posted 05.25.2011

David Isenberg

Many of the top U.S. publicly-traded defense contractors have created offshore subsidiaries to avoid paying taxes. The Pentagon is aware of the practice, which is not illegal

Rudolph Elmer: Julius Baer Whistleblower Speaks Out On Swiss Banks And Offshore Tax Havens

nytimes.com | LYNNLEY BROWNING | Posted 05.25.2011

[Rudolph] Elmer, who ran the Caribbean operations of the Swiss bank Julius Baer for eight years until he was dismissed in 2002, moved to Mauritius in ...

Arthur Delaney

Republicans Defend Tax Havens Against Obama Crackdown

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

President Obama and Treasury Secretary Tim Geithner announced on Monday a crackdown on offshore tax havens that could produce $210 billion in new tax ...

Arthur Delaney

Offshore Tax Havens: A State-By-State Breakdown Of The Cost To Taxpayers

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

A Senate report estimated in 2008 that the United States loses up to $100 billion a year in tax revenue to offshore tax havens (PDF). In a report rele...