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Tax Shelters

Ben Hallman

States Crack Down On Corporate Tax Loophole While Congress Does Nothing

HuffingtonPost.com | Ben Hallman | Posted 02.10.2014 | Business

Montana isn't often considered a fiscal policy pioneer, but in 2003 lawmakers closed a corporate tax loophole that was costing the state millions of d...

The Other Feds-Snooping-On-Foreigners Scandal

Radley Balko | Posted 01.27.2014 | Politics

HuffPost broke a big exclusive today with a story by Glenn Greenwald, Ryan Grim, and Ryan Gallagher about NSA monitoring the porn viewing habits of ta...

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...

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 ...

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...

Apple on the Hill: What Can Be Learned From Yesterday's Hearing

Jared Bernstein | Posted 07.22.2013 | Business
Jared Bernstein

Because they can indefinitely shield their foreign profits from U.S. taxes, meanwhile engaging in endless (legal) schemes to avoid taxes in countries where they book those earnings, the link between the profitability of American companies and the well-being of America is broken.

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.

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."

D.C.'s Millionaire Tax Shelter: Out-of-State Bonds

Ed Lazere | Posted 07.07.2013 | DC
Ed Lazere

A concern about protecting retirees who rely on out-of-state bonds makes sense. But using that argument to protect a tax shelter for multi-millionaires does not.

Caribbean Go-Between Provided Shelter For Far-Away Frauds, Documents Show

ICIJ | Michael Hudson, Stefan Candea and Marina Walker Guevara | Posted 04.08.2013 | Politics

International Consortium of Investigative Journalists British Virgin Islands firm kept doing business with shady characters even as regulators prod...

Americans Using Tax Havens Are Costing The Rest Of Us $150 Billion

Posted 04.05.2013 | Business

Worried about the federal deficit? Then you're worried about foreign tax havens, the use of which is costing the U.S. $150 billion per year in the for...

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.

Ryan Grim

An Accidental Rainmaker For Lobbyists

HuffingtonPost.com | Ryan Grim | Posted 03.11.2013 | Politics

WASHINGTON -- Carl Levin will be remembered as the powerful chairman of the Senate Armed Services Committee, a Michigan man who fiercely championed th...

For Sale: Very Large, Slightly Damaged Country

Tom Gerdy | Posted 03.08.2013 | Politics
Tom Gerdy

At this point in our history, I am certain the country would be listed in realtor's terms as a "fixer-upper" or a "handyman special." This country might not have a long history compared with others around the world, but it has a strong one.

Zach Carter

Mitt Romney's Taxes Enriched Foreign Governments

HuffingtonPost.com | Zach Carter | Posted 08.20.2012 | Politics

WASHINGTON -- Mitt Romney sought and received $787,455 in foreign tax credits from the U.S. Treasury to cover his tax payments to other nations in 200...

Why Mitt Romney Should Proudly Release His Tax Returns

Don McNay | Posted 10.05.2012 | Politics
Don McNay

Is that Mitt's fault or Congress's fault? If I had Mitt's money, I would be looking for every tax advantage that Congress has to offer. If I were a financial adviser to Mitt Romney, I would be helping him find those tax advantages. Just like any other good adviser would do.

A Conversation About Mitt Romney

Paul Stoller | Posted 09.24.2012 | Politics
Paul Stoller

"This Mitt Romney reminds me of some of our African politicians. They have no plan -- other than to grab and hold onto power and hide their money."

Ryan Grim

Mitt Romney's Foreign Income Revealed

HuffingtonPost.com | Ryan Grim | Posted 07.24.2012 | Politics

WASHINGTON -- Mitt Romney accumulated more than $25 million in foreign income between 2005 and 2010, while he was governor of Massachusetts and a pres...

Mitt's Offshore Shenanigans: The Bigger Story

Sam Pizzigati | Posted 09.22.2012 | Politics
Sam Pizzigati

All those official government stats on the maldistribution of wealth in the United States -- and the world -- vastly understate the actual extent of our contemporary inequality, says a landmark new study on global tax havens.

Reminder: Offshore Tax Havens Cost U.S. Government A Crazy Amount

The Huffington Post | Alexander Eichler | Posted 07.11.2012 | Business

On Tuesday, after Mitt Romney said he had "no idea where" his offshore investments were, Lindsey Graham (R-S.C.) came to his aid, saying "it's really ...

Zach Carter

Top Democrats Hammer Romney Over Swiss Bank Account, Offshore Tax Havens

HuffingtonPost.com | Zach Carter | Posted 07.09.2012 | Politics

WASHINGTON -- Democrats repeatedly attacked Mitt Romney for his secretive offshore financial arrangements on Sunday, on the heels of a major Vanity Fa...

The World's Richest Company Pays a Lower Tax Rate Than You Do

Preeti Vissa | Posted 06.17.2012 | Business
Preeti Vissa

That's more than the gross domestic product of Saudi Arabia, the world's richest oil economy, not to mention a bunch of other countries. And Apple paid a lower federal income tax rate last year than the average California schoolteacher.

U.S. Lost $1 Billion To Banks In Last 10 Years Thanks To Tax Shelter

Posted 04.16.2012 | Business

By Megan Murphy and Vanessa Houlder, Financial Times and Jeff Gerth, ProPublica In November 2001, Bank of New York, a mid-tier U.S. bank, transfe...

Small Businesses Pay The Price For Corporate America's Tax Havens

The Huffington Post | Janean Chun | Posted 04.12.2012 | Small Business

When big corporations use offshore tax havens, small businesses pay the price -- literally. If they were to cover the cost of corporate abuse of tax h...

Dan Froomkin

Senate Dem Pitches Tax Haven Abuse Bill As Deficit Reduction

HuffingtonPost.com | Dan Froomkin | Posted 09.11.2011 | Politics

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...