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Tag: Offshore

Large U.S. Firms Hold $2.1 Trillion Overseas to Dodge Taxes

The 500 largest U.S. companies would owe an estimated $620 billion in U.S. taxes were it not for the more than $2.1 trillion in offshore cash that most of the firms hold in foreign tax havens, according to a study released this week.

Posted on Oct 7, 2015 READ MORE

Tax Bracketology

Posted on Mar 20, 2015 READ MORE

vince42 (CC BY-ND 2.0)

NSA Harvests Millions of Personal Online Contact Lists

In an astoundingly broad sweep, the National Security Agency has been collecting personal online contact lists from tens of millions of Americans through instant message log-in systems, such as Facebook. And it has evaded legal proscriptions on domestic spying by collecting the data from offshore collection points, The Washington Post reports.

Posted on Oct 15, 2013 READ MORE

Blyzz (CC-BY)

Offshore Everywhere: The Plan to End National Sovereignty as We Know It

The defense cuts that will change the American way of war may mean little in monetary terms, but in imperial terms they will make a difference: They will offer a direct challenge to national sovereignty.

Posted on Feb 5, 2012 READ MORE

The Dirty Secret of the Jobless Recovery

Have you ever asked yourself what makes a “jobless recovery” possible? Since the beginning of the recession, American companies have trimmed their staffs and shifted work to remaining employees, largely without increasing pay, and those workers are not reaping the benefits. (more)

Posted on Jul 3, 2011 READ MORE

Wikimedia Commons

And Now for Another Offshore Rig Explosion

Just when we all had heard quite enough about man-made problems in the Gulf of Mexico, here comes another: On Thursday, an explosion occurred on an offshore platform called the Vermilion 380, but this time natural gas is the rig’s target resource.

Posted on Sep 2, 2010 READ MORE

Flickr / dsearis

R.I.P. Offshore Drilling Ban

Congressional Democrats seemed to have turned in their spine—yet again—Tuesday when they announced they would allow the 26-year-old ban on offshore drilling to expire, a resounding sellout to the rhetoric of the McCain campaign and a reactionary move aimed at accommodating the crisis-ridden financial markets.

Posted on Sep 24, 2008 READ MORE

McCain at Red Ribbon
AP photo / Mary Altaffer

McCain Camp Gets Big Checks From Big Oil Execs

It’s not particularly surprising that oil executives at the Hess Corp. got a little excited when John McCain changed his position in June and called for offshore drilling, but it is interesting that the Hess brass, according to Talking Points Memo, apparently demonstrated their gratitude (cue cash register sound effect here) by writing some big checks to the McCain campaign.

Posted on Aug 4, 2008 READ MORE

House Lifts Offshore Drilling Ban

More red meat for the energy companies.

Posted on Jun 30, 2006 READ MORE

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