singular_me
18th December 2016, 11:44 AM
the fake news cartel hiding real news, more seriously, how canT any organization calling itself "citizens for tax justice" get this debated on TV is beyond me. Do they get government subsidies?
-----------------------
Apple, Google and Others at Trump Tech Summit Have Stashed $560 Billion in Profits Overseas
Jon Schwarz
December 15 2016,
https://theintercept.com/2016/12/15/apple-google-and-others-at-trump-tech-summit-have-stashed-560-billion-in-profits-overseas/
====================
Fortune 500 Companies Hold a Record $2.4
Trillion Offshore
They May Be Avoiding up to $6
95 Billion in U.S. Taxes
March 3, 2016
It’s been well documented that major U.S. mult
inational corporations are stockpiling profits
offshore to avoid U.S. taxes. Co
ngressional hearings over the
past few years have raised
awareness of tax avoidance strategies of ma
jor technology corporati
ons such as Apple and
Microsoft, but, as this report sh
ows, a diverse array of companie
s are using offshore tax havens,
including the pharmaceutical gi
ant Amgen, apparel manufacturers
Levi Strauss and Nike, the
supermarket chain Safeway, the financial firm Am
erican Express, banking giants Bank of America
and Wells Fargo, and even more obscure co
mpanies such as Advanced Micro Devices and
Symantec.
All told, American Fort
une 500 corporations are
avoiding up to $695 bi
llion in U.S. federal
income taxes
by holding $2.4 trillion of
“permanently reinvested”
profits offshore. In their
latest annual financial reports, 27 of these corpor
ations reveal that they have paid an income
tax rate of 10 percent or less in countries where
these profits are officially held, indicating that
most of these monies are like
ly in offshore tax havens.
http://ctj.org/pdf/pre0316.pdf
The Top 5 Tax Dodgers and the whole list of culprits
[img]http://ctj.org/images/2014/magnifyingglassslider.jpg[img]
http://ctj.org/corporatetaxdodgers/tax-dodgers-index.php
-----------------------
Apple, Google and Others at Trump Tech Summit Have Stashed $560 Billion in Profits Overseas
Jon Schwarz
December 15 2016,
https://theintercept.com/2016/12/15/apple-google-and-others-at-trump-tech-summit-have-stashed-560-billion-in-profits-overseas/
====================
Fortune 500 Companies Hold a Record $2.4
Trillion Offshore
They May Be Avoiding up to $6
95 Billion in U.S. Taxes
March 3, 2016
It’s been well documented that major U.S. mult
inational corporations are stockpiling profits
offshore to avoid U.S. taxes. Co
ngressional hearings over the
past few years have raised
awareness of tax avoidance strategies of ma
jor technology corporati
ons such as Apple and
Microsoft, but, as this report sh
ows, a diverse array of companie
s are using offshore tax havens,
including the pharmaceutical gi
ant Amgen, apparel manufacturers
Levi Strauss and Nike, the
supermarket chain Safeway, the financial firm Am
erican Express, banking giants Bank of America
and Wells Fargo, and even more obscure co
mpanies such as Advanced Micro Devices and
Symantec.
All told, American Fort
une 500 corporations are
avoiding up to $695 bi
llion in U.S. federal
income taxes
by holding $2.4 trillion of
“permanently reinvested”
profits offshore. In their
latest annual financial reports, 27 of these corpor
ations reveal that they have paid an income
tax rate of 10 percent or less in countries where
these profits are officially held, indicating that
most of these monies are like
ly in offshore tax havens.
http://ctj.org/pdf/pre0316.pdf
The Top 5 Tax Dodgers and the whole list of culprits
[img]http://ctj.org/images/2014/magnifyingglassslider.jpg[img]
http://ctj.org/corporatetaxdodgers/tax-dodgers-index.php