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Keyword: taxevasion

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  • Corporations may dodge billions in U.S. taxes through new loophole: experts

    01/12/2018 10:30:06 AM PST · by Oldeconomybuyer · 19 replies
    Reuters ^ | January 12, 2018 | by David Morgan
    WASHINGTON - A loophole in the new U.S. tax law could allow multinational corporations like Apple Inc to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts. Stemming from a Republican overhaul of international business taxes, the loophole involves the tax rates - 15.5 percent or 8 percent - that companies must pay on $2.6 trillion in profits they are holding abroad. By manipulating their foreign cash positions, a determining factor under the new law, a U.S. multinational could potentially save money by shifting profits to the lower rate from the higher one, according to...
  • Editorial Losers in the GOP tax plan, blue states are unwisely turning to tax evasion

    01/08/2018 1:06:02 PM PST · by NohSpinZone · 17 replies
    Los Angeles times ^ | 1/6/18 | LA Times Editorial Board
    Their outrage at the slap from Washington is understandable; it seems hardly coincidental that congressional Republicans would target a deduction that matters most to blue states. But rather than respond with real tax reforms of their own, they’re resorting to tax-dodge gimmickry. A case in point is the proposal Senate President Pro Tem Kevin de León (D-Los Angeles) unveiled Jan. 3 in California. De León would enable residents to contribute money to a new “California Excellence Fund” in exchange for an equal amount of tax credits — for example, a family that owed $4,000 in state taxes could contribute $4,000...
  • Car bomb kills journalist behind Panama Papers

    10/16/2017 4:43:51 PM PDT · by mandaladon · 28 replies
    Mirror ^ | 16 Oct 2017
    Car bomb kills journalist behind Panama Papers offshore tax evasion investigation 'days after she received threats to her safety' (Full Title) A journalist who led the Panama Papers offshore tax evasion expose was killed today when a bomb blew up her car. Investigative reporter Daphne Caruana Galizia - dubbed a "one-woman WikiLeaks" - was killed as she was driving near the village of Bidnija in northern Malta. She had filed a complaint to police a fortnight ago after receiving personal threats to her safety, local media said. Caruana Galizia ran a hugely popular blog relentlessly highlighting cases of alleged corruption,...
  • IRS shuts down mom and pop dressmaker, sells dresses within hours

    07/09/2017 8:22:32 AM PDT · by TigerClaws · 40 replies
    <p>The unmarked vehicles arrived in the morning. More than 20 armed agents poured out.</p> <p>Hours later, Mii’s Bridal & Tuxedo was out of business after serving customers for decades. Its entire inventory of wedding gowns and dresses as well as sewing machines and other equipment were sold at auction.</p>
  • Orrin Hatch Spanks Dems On Obama Offshore Account Hypocrisy [VIDEO]

    01/19/2017 6:43:12 PM PST · by ItsOnlyDaryl · 10 replies
    Daily Caller ^ | 1.19.17 | Katie Frates
    Sen. Orrin Hatch had to remind Democrats they were being enormously hypocritical when attacking Secretary of the Treasury nominee Steven Mnuchin. Various senators on the Senate Committee on Finance, including Sen. Robert Menendez, pressed Mnuchin on offshore Cayman Island accounts. “One does not go and create offshore entities at the end of the day other than to avoid, in some form or fashion, the tax laws of the United States. That’s pretty simple,” Menendez said. “What you did may have been legal, but it certainly was to help people and entities avoid taxes.” After a contentious sparring match, Hatch jogged...
  • GOP-Hating Rep. John Lewis Didn’t Pay His Real Estate Taxes

    01/19/2017 6:33:25 AM PST · by KeyLargo · 59 replies
    Independent Sentinel.com ^ | Jan 18, 2017 | S. Noble
    GOP-Hating Rep. John Lewis Didn’t Pay His Real Estate Taxes Instead of finding fault with the new president, maybe Rep. John Lewis should worry about paying his real estate taxes. The well-paid congressman didn’t pay taxes on his nearly $1 million posh D.C. townhouse on Capital Hill. Rep. Lewis said Donald Trump isn’t a “legitimate” president, same thing he said about George Bush, but he’s not a legitimate taxpayer. Public records show he avoided paying property taxes on his DC townhouse at 219 3rd Street SE on Capitol Hill, Got News reported. Click the link for Got News to see...
  • Time Urges 65 Million Americans Who Voted For Hillary Not To Pay Taxes

    12/06/2016 12:54:02 PM PST · by TigerClaws · 77 replies
    Under the twisted premise of losing the popular vote and “no taxation without representation”, TIME’s Mark Weston proclaims that the approximately 65 million Democrats who voted for Hillary Clinton should pledge “we won’t pay taxes to the federal government… until democracy is restored.” Because, It’s just not fair? Twice in the past 16 years, a Republican candidate who finished second in the popular vote has won the presidency. This year, Donald Trump won the electoral vote with about 46% of the popular vote, while Hillary Clinton received about 48%. If the parties stay this evenly divided, another electoral mishap is...
  • Government recommends cutting ex-Detroit mayor’s restitution ( Kwame Kilpatrick )

    11/03/2016 2:01:59 PM PDT · by george76 · 9 replies
    Washington Times ^ | November 3, 2016
    The federal government is recommending that former Detroit Mayor Kwame Kilpatrick’s restitution in his corruption case be reduced from $4.5 million to $1.6 million. ... Kilpatrick was found guilty of tax evasion and bribery in 2013. He resigned as mayor in another scandal in 2008, and is currently in federal prison.
  • Clinton Foundation refiles three years of tax forms

    10/05/2016 7:50:49 AM PDT · by justlittleoleme · 38 replies
    Washington Examiner ^ | 10/5/16 12:00 AM | Sarah Westwood
    Clinton Foundation officials quietly refiled three years of tax-related forms this week after the New York attorney general acknowledged the charity had failed to disclose all of its donors in accordance with state law.Two entities operating within the Clintons' sprawling philanthropic network — the Clinton Health Access Initiative and the Clinton Global Initiative — submitted supplementary financial disclosures for different years between 2012 and 2014 while denying Tuesday that the attorney general's office had asked them to do so. "The Clinton Foundation is properly registered to solicit funds under Article 7A, which requires organizations to register before they solicit funds...
  • Former Filipino lawmaker jailed in US returns home (Clinton donor Mark Jimenez)

    12/19/2005 12:53:30 AM PST · by HAL9000 · 3 replies · 242+ views
    Xinhua News Agency (China) | December 19, 2005
    A former Filipino lawmaker who was jailed in the US for illegally financing presidential campaign of former US president Bill Clinton flew back home on Sunday after spending two years in jail. Former Manila congressman Mark Jimenez, who was also a wealthy businessman, was released from prison by US authorities last week. He was extradited to the US on December 26, 2002, on charges of tax evasion and conspiracy to defraud the US and commit election- financing offenses. He was found to have illegally contributed millions of dollars to the presidential campaign of Clinton. A US Federal Court sentenced...
  • Ex-congressman Jimenez to sue US airline over stopover snafu (Convicted Clinton donor)

    12/28/2005 8:57:03 PM PST · by HAL9000 · 2 replies · 510+ views
    inq7.net ^ | December 29, 2005 | Norman Bordadora
    HE may consider it prudent not to wade into politics at this time, but former Manila congressman Mark Jimenez can never be away from the limelight for very long. The controversial businessman, who was released recently from a United States prison, has taken up the cause of Filipinos claiming to have been allegedly mistreated by the United States-based Northwest Airlines. Jimenez announced during the Christmas weekend that he was planning to lead Northwest victims in filing a class suit against the US carrier for allegedly treating its Filipino passengers on its December 18 flight from Detroit to Manila like...
  • Philippines - Convicted felony Clinton donor Mark Jimenez to seek election after US prison release

    10/06/2005 12:19:52 PM PDT · by HAL9000 · 1 replies · 215+ views
    The Manila Times ^ | September 29, 2005 | Maricel V. Cruz
    Thursday, September 29, 2005 Jimenez eyes Atienza’s post By Maricel V. Cruz, Reporter CONTROVERSIAL former representative Mark Jimenez of Manila is planning to run as mayor for Manila when he returns to the country in November after serving out his two-year community service in the United States owing to criminal charges. A congressman on Thursday gave this information to The Manila Times, but added that Jimenez may choose not to return to the country. The source, who refused to be identified, said the businessman’s “family and relatives” are convincing Jimenez to stay in the Bahamas for good. The former...
  • Dr. Henry Louis Gates -Run Charity Misreported Payouts on IRS Documents

    07/28/2009 7:12:50 AM PDT · by Shellybenoit · 15 replies · 635+ views
    ProPublica/The Lid ^ | 7/28/09 | The Lid
    Now we know why the President of the United States is such a good friend of Harvard Professor Dr. Henry Louis Gates, the professor (scheduled for a White House beer-fest on Thursday, runs a charity that, until it was caught, mis-reported salaries as research grants. Heck with problems like this he could be a Presidential appointee.
  • A Gatesgate At Henry Gates' "Bogus" Charity?

    07/26/2009 7:00:16 AM PDT · by soakncider · 58 replies · 768+ views
    Riehlworldview.com . ^ | Saturday, 7/25/09 | NYT; riehlworldview.com .
    Henry Louis Gates, Jr controls a tax-exempt, non-profit charity, Inkwell Foundation, Inc, that managed to raise hundreds of thousands of dollars in direct support in one year, yet only gave out $27,500 in grants, the bulk of which went to Gates' employees and Harvard colleagues. Also, as recently as September 2008, the Boston Globe reported that Gates' charity was not in compliance with the law for failing to register the proper paperwork, despite the charity existing since 2005. The charge at the time was that it was "bogus," as you'll see below. In fact, the state Attorney General's office told...
  • School wasn't prepped for this scandal

    07/25/2009 5:25:51 PM PDT · by fiodora · 28 replies · 1,621+ views
    Boston.com ^ | September 6, 2008 | Alex Beam
    THE OTHER GATES FOUNDATION In 2005, Harvard professor Henry Louis Gates Jr., known to all as "Skip," set up the nonprofit Inkwell Foundation, named after a famous beach/gathering place for African-Americans on Martha's Vineyard. Skip talked about the foundation in a recent interview with Martha's Vineyard magazine and touted it when he launched his for-profit business, AfricanDNA.com, last year. "The precedent-setting site is the only company in the field of genetic genealogy that will provide African Americans with family tree research in addition to DNA testing," its initial press release declared, adding that "a percentage of all profits will be...
  • Discovered papers: Hanoi directed Kerry [2004]

    01/29/2013 3:19:13 AM PST · by RaceBannon · 81 replies
    world net daily ^ | Published: 10/26/2004 at 1:00 AM | Art Moore
    memory hole reminder The first documentary evidence that Vietnamese communists were directly steering John Kerry’s group Vietnam Veterans Against the War has been discovered in a U.S. archive, according to a researcher who spoke with WorldNetDaily. Read more at http://www.wnd.com/2004/10/27207/#615wufvA5oZXKuWK.99
  • Where's Mitt Romney on Hillary being let off the hook by the FBI? Vanity

    07/06/2016 5:35:16 PM PDT · by TakebackGOP · 28 replies
    He hasn't updated his Twitter account in 2 days. He hasn't said anything about the Democrat's nominee getting away with this, but he's attacked Trump throughout this campaign. It's unfortunate that he was our candidate in a very winnable election. The Republican Establishment caused the Trump movement. https://twitter.com/MittRomney?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
  • Gannett Newspaper Supports Rangel Draft Call (Ithaca Journal)

    11/24/2006 9:29:46 AM PST · by Behind Liberal Lines · 28 replies · 803+ views
    Federal Review ^ | Friday, November 24, 2006
    ITHACA--Congressional leaders may be downplaying Charles Rangel's call to reinstate the draft but at least one newspaper in the Gannett chain thinks the Congressman has a point.An editorial in the November 24 Ithaca Journal picks on Rangel's arguments and asks the following:Would our leaders have made the same decisions based on the information they had to first invade and then stay in Iraq if it was their children on the ground fighting in the trenches? A draft would force all of us to consider the shared sacrifice required to wage war. That is a perspective that would weigh heavily on...
  • Actually, Elizabeth Warren is a terrible candidate

    06/27/2016 9:18:53 PM PDT · by ObamahatesPACoal · 26 replies
    Enthusiasm for Warren is artificially amplified by a sympathetic media echo chamber. This phenomenon is not unlike Huntsman ’12… (SNIP) I know what you’re thinking: Warren beat Brown. Scott Brown out-campaigned Warren in MA Senate ’12– and would have won, were it not for 3 factors out of his control… (SNIP) Despite Obama’s landslide victory (61-38), Warren won by a narrow margin: 53-47, meaning a significant number of Obama voters defected to Brown. (SNIP) That cycle, many Democrat Senate candidates– running in much less favorable territory– won by greater margins: √ Tom Carper 66.4% √ Sheldon Whitehouse 64.8% √ Joe...
  • David Allan Coe is now a convicted felon

    06/14/2016 11:24:51 AM PDT · by sparklite2 · 62 replies
    New York Post ^ | June 14, 2016
    The “Take This Job and Shove It” singer has been ordered to pay the IRS more than $980,000 after pleading guilty to tax evasion and failing to pay $466,000 in back taxes, interest and penalties, prosecutors said. Coe, 76, was also sentenced Monday in Cincinnati federal court to three years’ probation. Federal prosecutors said the singer played more than 100 concerts a year between 2008 and 2013, but asked to be paid in cash to avoid paying Uncle Sam.