Offshore Tax Havens

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

Phineas Baxandall | Posted 05.01.2012

Read More: Taxes, Lobbying, Tax Loopholes, Obama, Offshore Tax Havens, Tax Reform, Tax Havens, Business Taxes, Obama Tax Reform Plan, Obama Corporate Tax Plan, Corporate Taxes, Politics News

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.

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Report: Pepco Spends More Money On Lobbying Than On Taxes

The Huffington Post | Arin Greenwood | Posted 01.19.2012

Read More: Pepco Holdings, Taxes, Video, Pepco, Campaign Finance Reform, District of Columbia, Offshore Tax Havens, U.S. PIRG, Citizens United, Citizens for Tax Justice, DC News

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...

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"Job Creators" Aren't Doing Their Job

Carl Gibson | Posted 03.13.2012

Read More: Unemployment, Budget Cuts, Jobs, Offshore Tax Havens, Dividends, Corporate Greed, Corporate Cash, Inequality, Business News

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.

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

Posted 01.08.2012

Read More: Taxes, Swiss Banking, Credit Suisse Group AG, Video, Credit Suisse Tax Evasion, Credit Suisse, Credit Suisse u.s. Clients, Internal Revenue Service, Bank-News, Swiss Banks, Business News, Offshore Tax Havens, Offshore-Tax-Evasion, Tax Evasion, Business News

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

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Tax Evasion Campaign Yields Billions In Offshore Assets

Posted 12.25.2011

Read More: Taxes, Video, Offshore Assets, Swiss Banks, Offshore Tax Havens, Tax Evasion, Oecd, Tax Havens, Organization for Economic Cooperation and Development, Business News

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

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Government Investigates Google For Tax Avoidance

The Huffington Post | Bonnie Kavoussi | Posted 12.13.2011

Read More: Google, Taxes, Video, Irs, Internal Revenue Service, Software Rights, Offshore Tax Havens, Tax Evasion, Tax Avoidance, Business News

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

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

Posted 11.14.2011

Read More: Taxes, Territorial Taxation, Congress Taxes, U.S. Economy, U.S. Corporate Taxes, 112th Congress, Barack Obama Taxes, Offshore Tax Havens, Tax Reform, u.s. Corporations, Corporate Taxes, Tax Havens, Politics News

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

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CEOs Rewarded for Tax Dodging Gymnastics

Chuck Collins | Posted 10.31.2011

Read More: Boeing, Tax Dodgers, General Electric, Offshore Tax Havens, CEO Pay, Ebay, Tax Havens, Business News

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.

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Paul Ryan Tries To Create Tax Loopholes For Biggest Donors

HuffingtonPost.com | Jennifer Bendery | Posted 10.22.2011

Read More: Debt, Deficit, Spending, Budget, Tax Loopholes, Elections 2012, 112th Congress, Offshore Tax Havens, Loopholes, Paul Ryan, Paul Ryan Loopholes, Paul Ryan Budget, Politics News

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 ...

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Business Roundtable Celebrates Strengthened GOP Support On Trade Deals

HuffingtonPost.com | Zach Carter | Posted 09.21.2011

Read More: Offshoring, Trade, Colombia, Economy, Panama, Blunt, Jobs, Free Trade, Offshore Tax Havens, Obama, Corporate Taxes, Portman, Korea, Politics News

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...

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Senator Introduces Law Targeting Charities That Avoid Taxes Offshore

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

Read More: Charity Fraud, Charity Laws, Offshore Tax Havens, Charities Offshore Taxes, Chuck Grassley, Charity, Impact News

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

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

HuffingtonPost.com | Marcus Baram | Posted 09.14.2011

Read More: Thewatchdog, Regulation Blog, Medical Research, Credit Suisse, Blackwater Overbilled, Offshore Tax, Offshore Tax Evasion, Watchdog Blog, Offshore Tax Havens, Wachovia Bailout, Tax Havens, IRS Offshore, Business News

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...

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Senate Dem Pitches Tax Haven Abuse Bill As Deficit Reduction

HuffingtonPost.com | Dan Froomkin | Posted 09.11.2011

Read More: Taxes, Offshore Tax Havens, Tax Shelters, Carl Levin, Kent Conrad, Politics News

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...

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

Phineas Baxandall | Posted 06.19.2011

Read More: Tax Code, Corporate Profits, Pfizer, Exxon-Mobil, Offshore Tax Havens, Pepsi, Tarp Funds, American Express, Tax Day, Bank of America, Aig, Comcast, Home Depot, Coca-Cola, Tax, Corporations, G.E., Tax Loopholes, Banks, U.S. PIRG, Tax Havens, Politics News

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.

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

Democracy Now! | Posted 06.15.2011

Read More: Tax Day, Offshore Bank Accounts, Taxes, Offshore Tax Havens, Tax Havens, April 15, General Electric Taxes, World News

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.

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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...

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Pay Up, Corporate Tax Dodgers

Chuck Collins | Posted 05.25.2011

Read More: Offshore Tax Havens, Tax Fairness, Corporate Greed, Corporations, Tax Havens, Goldman Sachs, Cayman Islands, Business News

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

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In The Public Interest: A (Non)Taxing Issue

Phineas Baxandall | Posted 05.25.2011

Read More: Obama Budget Priorities, Budget, Economy, Wasteful Subsidies, Offshore Tax Havens, Corporate Tax Havens, Loopholes, Business, Corporate Taxes, Ag Subsidies, Federal Budget Deficit, Profit, Tax, Corporations, Agriculture Subsidies, Obama Budget, 112th Congress, U.S. PIRG, Politics News

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.

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

David Callahan | Posted 05.25.2011

Read More: Google, Offshore Tax Havens, Google's Tax Avoidance, Tax Evasion, Taxes, Tax Cheating, Foreign Profits, Taxes on Foreign Profits, Tax Shelters, Business News

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...

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The Business Case Against Overseas Tax Havens

Chuck Collins | Posted 05.25.2011

Read More: Tea Party Taxes, Goldman Sachs, Deficit, Small Business, Wealth for Common Good, Tax Fairness, Transocean Horizon, Federal Budget Deficit, Sustainable Business, Cayman Islands, Offshore Tax Havens, Rep. Lloyd Doggett, Carl Levin, Tax Havens, Business News

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.

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Offshore Corporate Tax Havens: Why Are They Still Allowed?

Arianna Huffington | Posted 05.25.2011

Read More: Taxes, American Jobs and Closing Tax Loophopes Act, Offshore Tax Havens, Tax Loophole Bill, Wall Street, Hedge Funds, Tax Havens, Tax Loopholes, Business News

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.

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Offshore Means Never Having to Pay Payroll Taxes

David Isenberg | Posted 05.25.2011

Read More: Gao Report, Defense Contractors, Offshore Tax Havens, Department of Defense, Private Contractors, Table, Politics News

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

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

nytimes.com | LYNNLEY BROWNING | Posted 05.25.2011

Read More: Switzerland, Julius Baer, Mauritius, Swiss Banks, Carribean, Rudolph Elmer, Tax Evasions, Offshore Tax Havens, Tax Havens, Business News

[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 ...

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Republicans Defend Tax Havens Against Obama Crackdown

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: Taxes, President Obama, Offshore Tax Havens, Politics News

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

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

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: US Pirg, Offshore Tax Havens, Tax Havens, Off Shore Tax Havens, Offshore Taxes, Offshore Tax Havens Cost the US, Corporate Tax Havens in Cayman, Tax Revenue Lost to States, Tax Haven Losses, Tax Havans, Tax Havens and States, Tax Haven Cayman Bush, Switzerland, Cayman Islands, Business News

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...

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