There's a pile of money hiding offshore. The stunning amount that continues to flow across American borders (and those of other countries), and eventually disappears into the pockets of the corporate and political elite, ultimately causes even more damage to our finances and our lives.
A Medtronic spokesman said the company was reviewing the Treasury's actions. A spokeswoman for Pfizer said she had no comment
By buying out a foreign company and using it as a tax haven, companies that "invert" don't move abroad in any real sense, and continue to benefit from America's infrastructure, education system, security and large consumer market.
When companies move off shore to save on taxes, you and I make up the tax shortfall elsewhere sell those stocks and they
Such maneuvering is made possible under U.S. tax law that lets domestic companies hold profits earned abroad offshore indefinitely
Drawing on a cache of 2.5 million leaked documents, the ICIJ has identified people and organizations in more than 30 countries
'Fix The Debt' Companies Would Reap Up to $173 Billion From New Territorial Tax System, Report Finds
Co-founders of the "Fix the Debt" campaign, Alan Simpson and Erskine Bowles, want the U.S. to move toward a territorial tax
The companies on CTJ’s list disclosed in their filings with the Securities and Exchange Commission that if they brought their
Apple is accused by a Senate panel of avoiding paying billions of dollars in U.S. taxes. Despite holding roughly $102 billion
Apple will tell the Senate that it doesn't use "gimmicks" to avoid paying taxes, like moving intellectual property to tax
Apple Inc CEO Tim Cook will propose tax changes that would encourage firms to bring home more of their offshore funds when he faces congressional queries next Tuesday over his company's overseas cash holdings and tax bills, the Washington Post reported.
"We are not proposing that it be zero. I know many of our peers believe that. But I don't view that. But I think it has to
U.S. companies have a record $1.9 trillion or more held abroad, according to a Bloomberg report. General Electric has the
"HP has complied fully with all applicable provisions of the U.S. Internal Revenue Code and auditor Ernst & Young has consistently
Copyright 2011 Thomson Reuters. Click for Restrictions. The U.S. Securities and Exchange Commission has asked companies like
"The point is that we all pay for it," Krieger says. "The issues of tax havens, tax avoidance -- the reason they've had so