Governments have thrown their weight behind sweeping rules to crack down on corporate tax avoidance, including steps to increase transparency, close loopholes and limit the use of tax havens. 718 more words
Tags » Tax Havens
The Lesson For You : Will You Complain or Profit ?
A new report from Citizens for Tax Justice :
CTJ looked at 280 companies, all of them members of the Fortune 500, and found that “while the federal corporate tax code ostensibly requires big corporations to pay a 35 percent corporate income tax rate, on average, the 280 corporations in our study paid only about half that amount.” And those who paid even half the statutory corporate tax rate paid far more than many of their competitors. 611 more words
The Lesson : You cannot rely on one country, one currency, one asset, one bank account.
The EU sanctions announced on 12 September targeted Russia’s state finances, energy and arms sectors. 893 more words
Oxfam report sheds light on ineffectiveness of tax policies across Latin America and the Caribbean, which play a part in consolidating the region’s high levels of social and economic inequality. 1,041 more words