Bogus Defenses of Tax-Dodging Corporate Inversions
How corporate executives mislead the public about the economic effects of inversions and other tax strategies that book profits overseas.
Read more...Category Archives: Taxes
Wolf Richter: Which US Companies Stockpile the Most Profit “Overseas?” But Where the Heck is the Money?
ebunking the mythology of overseas “profit”.
Read more...Tax-Dodging Corporate Inversions Accelerating
New rules by the US Treasury to curb corporate inversions haven’t done enough to slow the rising tide.
Read more...“John Doe’s Manifesto”: Panama Papers Source Blasts Lack of Media Interest, Calls for Prosecutions, Whistleblower Protection
Martha r flagged a new story at Suddeusche Zeitung from “John Doe,” the source for the Mossack Fonseca revelations, on what he intended to accomplish and what he feels needs to be done. I’m posting on his manifesto to encourage you to read it in full and circulate it. The whistleblower, John Doe, states his […]
Read more...Nomi Prins: Gimme Shelter (From the Tax Man), Disappearing Money and Opportunistic Candidate
It should come as no surprise that none of the mainstream Presidential candidates stack up well on the issues of tax avoidance and evasion.
Read more...Lessons from Iceland, Where Offshore Created an Onshore Bubble Free of Rules and Regulations
In Iceland, the rapid growth of offshore, meaning tax evasion, along with harmful, even criminal, practices produced a massive boom and bust.
Read more...Robert Reich: Why Is One of Sanders’ Most Important Proposals Being Ignored?
Sanders’ financial transactions tax plan hasn’t gotten the hearing it deserves.
Read more...Michael Hudson: Pamama – Laundering Haven for War Budgets
Michael Hudson explains the history of Panama as a center to launder earnings for the oil and the gas industries, and the mining industry.
Read more...John Helmer: Brookings Launches Unguided Missile – The Panama Papers as Putin Plot
Brookings issued an astonishing report, and not in a good way, about the Panama Papers.
Read more...#panamapapers Offshore Funds: On the Run With (Almost) Nowhere to Go?
The owners of offshore funds really might be seeing their comeuppance.
Read more...Gillian Tett Shows She Does Not Understand Offshore “Profits,” Parrots Corporate Propaganda Instead
Repeat after me: Apple and Big Pharma companies are not keeping cash offshore as a result of tax rules, but they are successfully misleading the press and politicians.
Read more...Treasury Implements New Rules Aimed at Inversions, Other Tax Strategies, Scuttling Pfizer-Allergan Deal and Evoking Howls from Pharma
Mirabile dictu! Treasury took surprisingly bold action to stymie corporate inversions and some other types of multi-national tax gaming. What gives?
Read more...Thomas Frank: How Democrats Created Liberalism of the Rich
Make no mistake; the Democrats engineered the Third Way faux liberalism that sold out the working classes to benefit the rich and their minions.
Read more...Private Equity Kingpins Whine as Stock Market Values Languish
What word best describes how distasteful it is to see obscenely rich men complain that they aren’t as rich as they think they ought to be? The subhead on a new Financial Times story on private equity tell us: “PE believes investors do not grasp their long-term cash flow generation capabilities.” In other words, this […]
Read more...How McKinsey Helped Turn Big Pharma into a Rent Extraction Business
How McKinsey contributed to the devolution of Big Pharma.
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