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Tag: Tax Shelter


Oxfam Report Exposes How U.S. Companies Hide Profits and Avoid Taxes

Turns out U.S. corporations get workers’ hard-earned money in the form of tax breaks and then offload it in tax havens.

Posted on Apr 14, 2016 READ MORE


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Escaping Tax Regimes









Paresh Nath, Cagle Cartoons, The Khaleej Times, UAE
Posted on Apr 11, 2016 ENLARGE



Truthdigger of the Week: Offshore-Banking Whistleblower Hervé Falciani

The leaks engineered by “the Edward Snowden of banking” have brought to light malpractice that is costing government treasuries hundreds of billions of dollars each year. The IT expert’s action has earned him a five-year prison sentence given in absentia.

Posted on Nov 29, 2015 READ MORE



Sanders Wants to End Corporate Tax Handouts, O’Reilly Makes Big Error, and More

A look at the day’s political happenings, including GOP infighting involving Karl Rove and the latest Republican-led assault on women’s rights.

Posted on Feb 7, 2013 READ MORE



Jobs Report ‘Truthers,’ Romney Cheating Allegations, and More

A look at the day’s political happenings, including Mitt Romney apologizing to nearly half of America, Justice Scalia weighing in on abortion and gay rights, and the horrendous thing Rick Santorum wants to do to Big Bird.

Posted on Oct 5, 2012 READ MORE


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Posted on Jul 12, 2012 ENLARGE


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Posted on Jul 10, 2012 ENLARGE



AP/Richard Drew

Bank of New York Case Tests IRS Power to Halt Foreign Tax Abuses

In November 2001, the Bank of New York quietly transferred nearly $8 billion of its assets—almost 10 percent of its holdings at the time—to a trust in the small, business-friendly state of Delaware in a critical first step in setting up a tax shelter that has cost the government more than $1 billion in revenue in the past decade.

Posted on Apr 16, 2012 READ MORE



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For Some Big Firms, CEO Pay Tops Tax Bill

Compensation for 25 of the highest-paid U.S. CEOs exceeded the amount their corporations paid in taxes in 2010, according to a study published by a Washington think tank Wednesday. (more)

Posted on Aug 31, 2011 READ MORE


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