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Tax Havens

Recent Inversion Wave Brings on Slew of Outrage -- What's Next?

Jaimie Woo | Posted 09.22.2014 | Politics
Jaimie Woo

By buying out a foreign company and using it as a tax haven, companies that "invert" don't move abroad in any real sense, and continue to benefit from America's infrastructure, education system, security and large consumer market.

The Increasing Irrelevance of Corporate Nationality

Robert Reich | Posted 07.29.2014 | Business
Robert Reich

Who's us? Who's them? Increasingly, corporate nationality is whatever a corporation decides it is. So instead of worrying about who's American and who's not, here's a better idea: Create incentives for any global company to do what we'd like it to do in the United States.

Shiftless Corporations Renounce America

Leo W. Gerard | Posted 09.20.2014 | Business
Leo W. Gerard

Early last week, the drug firm Mylan stomped on the Stars and Stripes as it ditched America for the Netherlands. Then, on Friday, the drug company AbbVie similarly renounced America. For 30 pieces of silver, it will become Irish.

Will We Let Congress Hand Billion$ More to Big Corporations?

Dave Johnson | Posted 08.11.2014 | Business
Dave Johnson

The 2004 tax holiday only made things worse because companies realized they could get out of paying taxes entirely if they moved profits offshore and held out until the next holiday season. If we do it again, every company will be compelled to move jobs, factories and profit centers out of the country to stay competitive.

Watch: How Tax Reform Can Save the Middle Class

Bill Moyers | Posted 08.09.2014 | Politics
Bill Moyers

In the second part of his interview with me, the Nobel Prize-winning economist Joseph E. Stiglitz says that such lucrative loopholes are contributing to America's inequality problem and persistent unemployment rate.

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 06.04.2014 | 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 04.29.2014 | 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."