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Tag: Tax Avoidance

Why Corporate Tax Deserters Shouldn’t Get the Benefits of Being American Corporations (Video)

By Robert Reich / RobertReich.org

Apple is only the latest big global American corporation to use foreign tax shelters to avoiding paying its fair share of U.S. taxes. It’s just another form of corporate desertion.

Posted on Sep 14, 2016 WATCH & LISTEN


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The Panama Papers Show How Mossack Fonseca Helped Wealthy Americans Hide Their Money Abroad

For its best customers, the services offered by the firm at the heart of an international tax-avoidance scandal went far beyond legal services and banking, a New York Times investigation shows.

Posted on Jun 6, 2016 READ MORE



Hillary Clinton and Donald Trump Share a Delaware Tax ‘Loophole’ Address With 285,000 Companies

Clinton, who promised to crack down on “outrageous tax havens and loopholes” if elected president, has business dealings registered at a building that has helped Wal-Mart, Apple, American Airlines and tens of thousands of other companies avoid hundreds of millions of dollars in taxes.

Posted on Apr 25, 2016 READ MORE



New Treasury Rule Could Make It Easier to Hide Money in the U.S., Critics Say

In the wake of the Panama Papers leak, a pending U.S. Treasury rule to discourage the rich from avoiding taxes could in fact enable them to do so, experts say. Release of the new provision is expected soon.

Posted on Apr 9, 2016 READ MORE



deerkoski (CC BY 2.0)

Apple Bullies the U.S. Government for Lower Taxes

Apple CEO Tim Cook threatened Tuesday to keep more than $100 billion of the company’s international earnings away from the United States unless Congress dropped the 35 percent corporate tax rate to the single digits.

Posted on May 22, 2013 READ MORE



Americans Live Sicker, Die Younger

Compared with people in other affluent countries, Americans are the least healthy and most likely to die young; according to televangelist Pat Robertson, “awful looking” women are destroying modern day marriage; meanwhile, America’s richest citizens are hoarding $3 trillion a year (thrice our deficit) by avoiding taxes. These discoveries and more after the jump.

Posted on Jan 11, 2013 READ MORE



Abhisit Vejjajiva (CC BY 2.0)

Mitt Romney: ‘Tax Avoider on a Grand Scale’

Joseph Stiglitz, “one of the few members of the economics profession committed to scientific empiricism, not ideology or servitude to the rich,” as one reader put it, writes that the habit of tax avoidance typical of Mitt Romney’s class makes it difficult to publicly fund things like education, technology, and infrastructure, upon which modern economies depend to flourish.

Posted on Sep 4, 2012 READ MORE


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