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Tag: Tax Evasion


Standing Up to Apple

For years, Washington lawmakers on both sides of the aisle have attacked big corporations for avoiding taxes by parking their profits overseas. Last week, the European Union did something about it.

Posted on Sep 4, 2016 READ MORE


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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



Panama Papers Leaker Criticizes Governments’ Inadequate Response to Revelations

The still-unidentified whistleblower behind the release of 11.5 million documents detailing the practices of international tax evaders says the release triggered debate but not enough action.

Posted on May 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


The Panama Papers: Laundering Havens for War Budgets (Video)

In mid-April, economist Michael Hudson told The Real News Network that global oil and mining industries and the U.S. State Department created Panama and Liberia for the express purpose of tax evasion.

Posted on Apr 25, 2016 WATCH & LISTEN



Panama Papers Revelation of Assad Family’s Stolen Wealth Helps Explain the Syrian Revolution

The revelation in the leaked Panama Papers that Mossack Fonseca and HSBC serviced the companies of corrupt Syrian billionaire Rami Makhlouf (first cousin of dictator Bashar Assad) long after the U.S. imposed sanctions on him is a reminder of why Syrians revolted against the regime in 2011.

Posted on Apr 6, 2016 READ MORE



Remember That CEO Pay Cap? It’s Even Less Effective Than We Knew

Companies are increasingly using pay-for-performance to get around a $1 million federal limit on tax deductions for executive compensation.

Posted on Mar 6, 2016 READ MORE



How Mark Zuckerberg’s ‘Philanthropy’ Lets Him Stash His Billions Without Paying Taxes

The wunderkind of Silicon Valley who co-founded Facebook and amassed roughly a gabillion dollars in personal wealth is now being hailed as a new giant of American altruism.

Posted on Jan 27, 2016 READ MORE


Subway









Posted on Aug 26, 2015 ENLARGE


Inverted Corporate Deserters









Posted on Sep 9, 2014 ENLARGE


Corporate Inversion Tax Dodge









Posted on Sep 2, 2014 ENLARGE


Fox News Logic









Posted on Aug 31, 2014 ENLARGE



The Increasing Irrelevance of Corporate Nationality

“You shouldn’t get to call yourself an American company only when you want a handout from the American taxpayers,” President Obama said Thursday.

Posted on Jul 29, 2014 READ MORE



Pincasso / Shutterstock.com

Swiss Bank Blames Employees for Tax Evasion Scheme

A U.S. Senate subcommittee found that Credit Suisse helped American clients conceal as much as $12 billion from the IRS, but the bank’s CEO, Brady Dougan, said the blame lies with a few employees acting on their own.

Posted on Feb 26, 2014 READ MORE


Apple and Taxes









Posted on Jun 7, 2013 ENLARGE



sdh_zh (CC-BY)

Beware Capitalist Tools

Forbes magazine likes to call itself a “capitalist tool,” and routinely offers tool-like justifications for whatever it is that profit-seeking corporations want to do.

Posted on May 27, 2013 READ MORE



procsilas

Apple Walks Away From Multibillion Dollar Tax Obligation

Apple will deprive the American public of $9 billion in U.S. taxes by paying shareholders with proceeds from a $17 billion blockbuster bond sale instead of using money it made abroad.

Posted on May 2, 2013 READ MORE


A Tour Through Tax Evasion

It is estimated that each year developing countries lose to tax evasion one and a half times the amount they receive in international aid. In the U.K. alone, the practice costs more than $91 billion annually, more than is spent on defense, welfare or education.

Posted on Jan 10, 2013 WATCH & LISTEN


Depardieu, Russian Citizen









Posted on Jan 10, 2013 ENLARGE


Gérard Depardieu & Brigitte Bardot









Posted on Jan 8, 2013 ENLARGE


Putin and Depardieu









Posted on Jan 7, 2013 ENLARGE


Depardieu and Putin









Posted on Jan 5, 2013 ENLARGE



Tax Evasion Lesson No. 1: Become a Russian Citizen

French actor Gerard Depardieu has resorted to becoming Russian in order to avoid paying taxes in France, with a little help from Vladimir Putin of course; Jane Harman is being considered for CIA director, despite her past involvement in an Israeli intelligence influence operation; meanwhile, the Obama administration has been compiling a database that helps it determine how to treat a suspected terrorist. These discoveries and more after the jump.

Posted on Jan 4, 2013 READ MORE



Female Official in Costa Rica Fired for Racy Video

Karina Bolanos, a vice minister in Costa Rica, was let go after a video of her claiming her longing to her lover while clad in underwear was made public on YouTube; Americans apparently throw away nearly half of their food; meanwhile, a 15-year-old used the Internet to create an advanced cancer test. These discoveries and more after the jump.

Posted on Aug 25, 2012 READ MORE


If We’re Headed Toward Greece, Republicans Are Driving Us There

The central problem in Greece is the government’s failure to collect what taxpayers (especially wealthy taxpayers like Mitt Romney) actually owe under the law.

Posted on Jul 13, 2012 READ MORE



Andrew Feinberg (CC BY 2.0)

Bill Takes Aim at Facebook Co-Founder’s Tax Scheme

Facebook co-founder Eduardo Saverin has renounced his American citizenship in a bid to avoid up to $67 million in taxes on the billions he’s expected to make when the company goes public. Democratic U.S. Sens. Chuck Schumer and Bob Casey have introduced a bill to punish such ex-citizens with heavy taxes and bar them from ever re-entering the U.S.

Posted on May 17, 2012 READ MORE



PMell2293 (CC-BY)

American Corporations Dodge Billions in Taxes

You work hard. You pay taxes. But 26 corporations don’t—or at least they didn’t between 2008 and 2011. General Electric, Boeing and Verizon were among the major companies that together enjoyed more than $78 billion in tax subsidies over the last four years, according to a report by Citizens for Tax Justice.

Posted on Apr 15, 2012 READ MORE



Flickr / sanfamedia.com

Wife Is Allowed to See Jailed Chinese Activist

According to his wife, who was granted a visit with the dissident artist for the first time in the six weeks since he was detained at an airport and accused of tax evasion, Chinese authorities seem to be looking after the physical welfare of Ai Weiwei. The news dispels earlier rumors that he was being physically tortured, though he appeared mentally distressed, his wife said.

Posted on May 16, 2011 READ MORE



Truthdig / Peter Scheer

WikiLeaks Banker Fined by Swiss Court

A Swiss judge fined the former banker who gave confidential files to WikiLeaks roughly $6,250, but spared the whistle-blower a prison sentence. Rudolf Elmer was found guilty of violating Switzerland’s confidential banking laws, which have protected such people as tax-dodging Americans and the Nazis.

Posted on Jan 19, 2011 READ MORE


UBS
bloomberg.com

Swiss Bank to Hand Over Account Info

Swiss bank accounts aren’t what they used to be. Switzerland recently agreed to fork over information on 4,450 UBS AG bank accounts to the IRS as an investigation into suspected tax evasion threatens the good name that Swiss banking has provided to money launderers and tax evaders for centuries.

Posted on Aug 19, 2009 READ MORE


Gramm
reedernichols.wordpress.com

Endgame for Gramm?

One wonders if Phil Gramm has been made just a tad nervous by the news on Tuesday that one of UBS’ super-wealthy private clients has pleaded guilty to tax evasion.

Posted on Apr 14, 2009 READ MORE


Snipes
foxnews.com

Snipes Slapped with 3-Year Prison Sentence

A Florida court sentenced Wesley Snipes to 36 months in prison for tax evasion on Thursday, despite the actor’s plea for mercy and written character testimonials by fellow stars Denzel Washington and Woody Harrelson.

Posted on Apr 24, 2008 READ MORE


Abramoff Pleads Guilty, Will Make Deal

Lobbyist Jack Abramoff pleaded guilty to federal charges of conspiracy, tax evasion and mail fraud, agreeing to cooperate in a corruption investigation that could rock the Republican congressional leadership. Story.

Posted on Jan 3, 2006 READ MORE


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