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Business

Bogus Defenses of Tax-Dodging Corporate Inversions
Business  (tags: U, S. corporations, tax-dodging, corporate tax evasion, corporate inversons )

Judy
- 1060 days ago - nakedcapitalism.com
Top CEO's reiterate the claim that the U.S. tax system "traps" U.S. corporate profits overseas and thereby block domestic investment of these funds. Companies really keep the earnings offshore because they don't want to pay the U.S. income taxes they owe.
President Obama Sets Out Plan to Tax US Companies on $2Trillion Profits Held Abroad
Business  (tags: Obama, budget proposals, bring profits home, tax plan, Top 10 US overseas cash piles, US multinationals, huge stockpiles, overseas cash, tax-dodging, tax, avoidance, inversion, offshore profits, earnings held abroad )

LucyKalei
- 1534 days ago - theguardian.com
Apple-Microsoft-Pfizer-GE'd face bills of >$10bn under presidentâEUR(TM)s proposal for 1-off levy, raising >$238bn, plus $600bn over next 10 yrs from 19% annual tax on offshore profits. Stock of earnings held abroad by US firms has increased 6fold since 2002
   

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