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Tax Avoidance

Republicans Are in Corporations' Pockets on Tax Inversions -- Democratic Senate Candidates Should Hammer Them for It

Ian Reifowitz | Posted 12.01.2014 | Politics
Ian Reifowitz

Sen. Schumer urged Congress to craft a stricter definition of inversion and enact a ban on "earnings stripping." Earnings stripping? You'll love this. Earnings stripping refers to a practice by which a foreign-based parent corporation loans large sums to -- wait for it -- itself.

A Simplified Way to Tax Multinational Corporations

Dave Johnson | Posted 09.14.2014 | Business
Dave Johnson

The epidemic of tax inversions represents just one of many ways corporations are dodging their taxes by taking advantage of our outdated and rigged corporate tax system.

What's in Your Mailbox? Tips on What to Do When Uncle Sam Comes Knocking

Steve Mariotti | Posted 08.25.2014 | Money
Steve Mariotti

Every year, one in 10 of us receives the dreaded letter. You know the one -- and you probably don't want to open it: the IRS requesting more information about your finances.

Democrats Take Aim At Corporate Tax Dodges

Reuters | Posted 07.20.2014 | Politics

By Kevin Drawbaugh and Patrick Temple-West WASHINGTON, May 20 (Reuters) - Taking aim against corporate tax avoidance, 14 Senate Democr...

Tax is All About Trust

OECD | Posted 06.28.2014 | Business
OECD

By Pascal Saint-Amans Following the financial crisis in 2008, millions of citizens faced hardship as they set about repairing the damage done to th...

U.S. Corporations Have Over $2 Trillion Stashed Overseas

Reuters | Posted 06.08.2014 | Business

* U.S. Senate Finance Committee Chairman Wyden calls for reform * Total of profits stashed abroad up 93 percent 2008-2013 ...

Colorado's Crazy Marijuana Tax

Pat Oglesby | Posted 11.07.2013 | Politics
Pat Oglesby

Basing a tax on a fictitious price means no one will ever know the correct tax. Taxpayers will spend time and money trying to beat the system, and government will spend time and money in self-defense.

A Billion-dollar Opportunity for Developing Countries

Otaviano Canuto | Posted 01.23.2014 | World
Otaviano Canuto

The decision by Switzerland to share tax information, which still has to be ratified, is the latest addition to radically increased transparency of tax information over the last five years.

Ben Hallman

Bailed Out Bank Has Dirty Little Tax Secret

HuffingtonPost.com | Ben Hallman | Posted 11.11.2013 | Business

In 2008, Citigroup was an ailing financial giant on the verge of collapse, an event only averted, most economists agree, by a huge emergency infusion ...

Report Reveals Widespread Tax Avoidance Tactic

Reuters | Posted 07.23.2013 | Business

LONDON (Reuters) - Most big U.S. technology companies cut their tax bills by not declaring a tax residence in their main European markets, preventing ...

A Sour Apple

Robert A.G. Monks | Posted 08.06.2013 | Politics
Robert A.G. Monks

Globalization has had many effects, but one of the greatest seems to be that corporations now have so many "homes" that they pick and choose the locations that offer them the best regulatory and tax breaks.

PHOTOS: Here's Where The Super-Rich Are Stashing Their Money

The Huffington Post | Posted 06.06.2013 | Business

Mere political controversy seemingly isn't enough to stop the world's super-rich from stashing wealth overseas. Global offshore wealth, defined as...

Apple's Tax Avoidance: 'Not Illegal' Does Not Mean Moral, Right or Acceptable

Brian Levin | Posted 07.28.2013 | Politics
Brian Levin

Our government is not always going to protect us from everything that may be harmful or close loopholes to make our tax system more equitable and fair. That is just the way our system works. But, that is where all of us come in

Stopping International Tax Avoidance: What Are the Best Alternatives?

Jared Bernstein | Posted 07.23.2013 | Business
Jared Bernstein

Technology and tax law have led to the emergence of what international tax analyst Ed Kleinbard calls "stateless income," a phenomenon that was on full display at the Apple hearing yesterday.

More Tax Trouble For Apple

Reuters | Luke Baker | Posted 07.22.2013 | Business

By Luke Baker BRUSSELS (Reuters) - European leaders will discuss how to combat aggressive tax avoidance by major companies such as Amaz...

Letter to Apple CEO Tim Cook from a Disgruntled Shareholder

Brian Levin | Posted 07.21.2013 | Technology
Brian Levin

I want Apple to innovate with new "incredibly great" products that wow the world like the iMac and iPhone did--not with new ways of nickel and diming Uncle Sam. Do what's right and stick to what Apple does best and continued success will surely follow.

How to End Tax Exile

Salim Lamrani | Posted 06.09.2013 | World
Salim Lamrani

French magnate Bernard Arnaud's desire to acquire Belgian nationality has reignited the debate over tax exile and the refusal of similar large estates to fulfill their fiscal responsibilities. There is, however, a simple and effective solution to end legal tax avoidance.

How Tax Havens Supported A Massive Ponzi Scheme

ICIJ | Marina Walker Guevara and Emilia Díaz-Struck | Posted 04.05.2013 | Business

Bribes for Venezuelan officials were funneled through tax havens, court filings claim. Francisco Illarramendi often called on Moris Beracha when he...

Mega-Rich Use Tax Havens To Buy And Sell Masterpieces

ICIJ | Mar Cabra and Michael Hudson | Posted 04.04.2013 | Business

Famed Spanish art patron uses island haven in South Pacific to manage her collection. Tourists who come to Spain’s capital often make a pilgrimag...

Google, Apple Forced To Disclose Tax Arrangements In Australia

Reuters | Posted 06.03.2013 | Business

By Rob Taylor CANBERRA, April 3 (Reuters) - Australia will force corporate giants such as Google Inc and Apple Inc to disclose their ...

Are Foreign Multinationals Paying Their Fair Share of U.S. Tax?

Martin Sullivan | Posted 05.20.2013 | Business
Martin Sullivan

There are two main ways multinationals shift profits out of the countries where they actually do business and into tax-haven holding companies.

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...

When Tax Avoidance Crosses the Line

Christopher Bergin | Posted 05.12.2013 | Politics
Christopher Bergin

With the economy showing signs of recovery, it's high time that our federal lawmakers move beyond these self-induced crises and begin to talk about tax reform that can help taxpayers move forward with a clear understanding of how the tax code works and how much they owe.

Senator Hurls Damning Accusations Against Big Banks

Posted 02.27.2013 | Business

One senator is accusing Wall Street banks of setting up offshore subsidiaries to avoid paying U.S. taxes. In a statement on the Senate floor Wedne...

Crackdown Looming For Tax Avoiding Companies

Reuters | Posted 04.13.2013 | Business

By Leigh Thomas PARIS, Feb 12 (Reuters) - A sweeping overhaul of international corporate tax rules is urgently needed to stop savvy b...