Do Any Corporations Anywhere Pay Taxes?
U.S.-based corporations such as Apple and GE have come under fire for (legally) cheating the tax man, and such behavior turns out to be common beyond American borders.
U.S.-based corporations such as Apple and GE have come under fire for (legally) cheating the tax man, and such behavior turns out to be common beyond American borders.
It is being reported that Vodafone, the nominally British mobile corporation, will announce Monday that it is selling its 45 percent stake in Verizon Communications for $130 billion. But, as the BBC reports, not one quid will go to the British public. That’s because the sale is for an American product tangled up with a holding company in the Netherlands. In other words, clever accounting wins again.
Vodafone had close to $72 billion in revenue in 2012. Verizon Wireless is the largest and most expensive mobile service provider in the United States.
— Posted by Peter Z. Scheer
Rock Solid JournalismIn 2026, amid chaos and the nonstop flurry of headlines, Truthdig remains independent, fact-based and focused on exposing what power tries to hide.
Support Independent Journalism.
Europe
On left-liberal coalitions, the Labour Party, and a load-bearing myth of centrist politics.
Politics
A Tale of Two Elizabeths, One Joe, One Donald, and Us.
Although Britain's divorce terms have been approved, huge uncertainties surround the future.
Three-plus years after voters approved the referendum, the United Kingdom is on course to leave the European Union next week.
She calls the summit of senior family members "constructive" in dealing with the pair's controversial plan to step back from royal duties.
Canadian, Australian and British leaders announce similar intelligence conclusions about the deaths of all 176 people on board.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.