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Tax Havens

The Super Rich Are Richer Than We Thought, Hiding Huge Sums, New Reports Find

Posted 04.14.2014 | Politics

A new pair of reports suggests that the super rich are richer than we thought. The first report by Professors Emmanuel Saez (UC Berkeley) and Gabr...

Missing $20 Trillion: An Interview With Jose Antonio Ocampo on Tax Havens

The Morningside Post | Posted 04.07.2014 | New York
The Morningside Post

José Antonio Ocampo, former Finance Minister of Colombia and World Bank presidential candidate, sat down with for a frank interview on the importance of international tax regulation as a necessary global public good.

Tax Reform: Republicans Abandon Their Own Baby

Robert L. Borosage | Posted 02.27.2014 | Politics
Robert L. Borosage

Remember the Republican promises about comprehensive tax reform? A flatter, simple tax code. Lower rates, paid for by closing loopholes. Well, never mind.

The State of Our Union's Inequality

Sarah Anderson | Posted 03.24.2014 | Politics
Sarah Anderson

There's no doubt that President Barack Obama will make inequality a major theme of his State of the Union address, just as Franklin Delano Roosevelt did in 1935.

Government must shut down corporate tax havens

Jaimie Woo | Posted 11.06.2013 | Politics
Jaimie Woo

Government shutdown? Check. Budget crises and partisan gridlock? Check. Most of America's biggest corporations avoiding their taxes, thereby contr...

Labor Day, 2013: Obama Should Simplify Economic Message

Paul Abrams | Posted 11.02.2013 | Politics
Paul Abrams

President Obama should simplify his economic message. He should talk about what America needs, and that we must pay to do it or Republicans will sit idly by and allow the country to crumble.

Ryan J. Reilly

U.S., Switzerland Near Deal In Crackdown On American Tax Cheats

HuffingtonPost.com | Ryan J. Reilly | Posted 08.29.2013 | Business

WASHINGTON -- The U.S. and Switzerland are nearing a deal that would allow some Swiss banks to avoid prosecution for sheltering the funds of wealthy A...

Repatriation Tax Mistakes

Dave Johnson | Posted 10.02.2013 | Business
Dave Johnson

If you reward bad behavior you create an incentive for the bad behavior to continue. This is certainly the case with taxes on profits made outside the country.

Questions About Pfizer's Taxes

Martin Sullivan | Posted 08.24.2013 | Business
Martin Sullivan

In 2012 Pfizer reported its worldwide effective tax rate was 21.2 percent. That is considerably lower than the U.S. statutory rate of 35 percent, but it is far above the single digit rate you might expect if Pfizer shifted most of its profits into tax havens.

Starbucks Pays Its UK Taxes For First Time In Five Years

Agence France Presse | Posted 08.23.2013 | Business

US-based coffee giant Starbucks said on Sunday it had paid £5 million in British corporation tax and will pay another £15 million by next year after...

The Celtic Tiger Is Dead. Long Live The Celtic Tiger.

Ranjit Dighe | Posted 08.20.2013 | College
Ranjit Dighe

Northern Ireland was the perfect place for this week's G8 summit. These meetings are supposed to promote peace and prosperity, and Northern Ireland, s...

Does Your Company Park Its Cash Overseas?

The Huffington Post | Alexander Eichler | Posted 06.15.2013 | Politics

Are you interested in helping to track corporate cash as it travels around the globe? On Friday, the International Consortium of Investigative Jour...

Shahien Nasiripour

Help Expose Tax Cheats

HuffingtonPost.com | Shahien Nasiripour | Posted 06.17.2013 | Politics

WASHINGTON -- The International Consortium of Investigative Journalists (ICIJ) on Friday made public what it calls the most extensive collection of re...

Multinational Profits: Here, There, or Nowhere?

Martin Sullivan | Posted 08.10.2013 | Business
Martin Sullivan

Even for experienced international tax experts the technical and conceptual issues involved in determining where multinational profits should be located is enough to make one's head spin.

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.

Major Companies Using Tax Havens Avoid Paying HOW MUCH To Uncle Sam?

The Huffington Post | Jillian Berman | Posted 06.03.2013 | Business

Apple may be getting all the attention from lawmakers and the news media for its offshore tax practices, but a new report finds that other major compa...

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...

The 7 Craziest Things About Apple's Tax Strategy

Quartz | Tim Fernholz | Posted 05.21.2013 | Business

Quartz: Leading up to Apple CEO Tim Cook’s testimony on his company’s dubious-if-legal tax strategies tomorrow, here’s the report (pdf) membe...

Apple Avoiding Billions and Billions of Dollars in Taxes

Dave Johnson | Posted 07.20.2013 | Business
Dave Johnson

Apple (like many giant, multinational corporations) has been avoiding paying the taxes they owe to the country by setting up foreign "subsidiaries" in tax-haven countries, and moving jobs out of the country. Now they want a special tax break to reward them for doing that.

Global Capital and the Nation State

Robert Reich | Posted 07.20.2013 | Business
Robert Reich

Google, Amazon, Starbucks, every other major corporation, and every big Wall Street bank, are sheltering as much of their U.S. profits abroad as they can, while telling Washington that lower corporate taxes are necessary in order to keep the U.S. "competitive."

You Won't Believe How Little Amazon Pays In UK Taxes

Reuters | Tom Bergin | Posted 07.15.2013 | Business

By Tom Bergin LONDON (Reuters) - Amazon.com's main UK unit paid taxes of $3.7 million on its 2012 income, despite group UK sales of $6....

Time to End the Tax Havens

Jeffrey Sachs | Posted 05.08.2013 | Business
Jeffrey Sachs

In recent weeks, citizens in many countries have been learning more about one of the biggest and most dangerous scams in the world: the global web of tax havens that U.S. and European politicians and bankers have nurtured over the years. The situation is absurd, dangerous and out of control.

U.S. Companies Offshore Earnings Hit Record Amount

Reuters | Dena Aubin | Posted 05.08.2013 | Business

NEW YORK (Reuters) - Large U.S. companies boosted their offshore earnings by 15 percent last year to a record $1.9 trillion, avoiding hefty tax bills ...

Why Is Treasury Protecting Tax Havens for Multinationals?

Martin Lobel | Posted 06.22.2013 | Politics
Martin Lobel

Everyone -- except Treasury, apparently -- agrees that our international tax system, which is based on transfer pricing, is broken.

How Should the U.S. Stop Profit Shifting?

Martin Sullivan | Posted 06.11.2013 | Business
Martin Sullivan

I would say that lawmakers have not addressed the issue effectively because they are replacing one poor enforcement device with a poor enforcement standard that is difficult to enforce.