Tax avoidance by the numbers: The Paradise Papers
By Kenneth W. Boyd Here’s a quick riddle for you: what do Donald Trump’s son-in-law, Shakira, and Queen Elizabeth II have in common? All of them are mentioned in the Paradise Papers! This 1.4-Terabyte treasure trove of financial documents contains details about some…
GE will spin off its healthcare business and split from oil giant Baker Hughes in a massive reorganization
By Joe Ciolli From Business Insider General Electric will spin off its healthcare business and divest its stake in oil-services company Baker Hughes, it said in a statement on Tuesday. The moves come as part of a broad corporate reorganization…
Offshore Corporate Profits: The only thing ‘trapped’ is tax revenue
By Kitty Richards and John Craig | January 9, 2014, from Centre for American Progress Recent investigations have revealed that multinational corporations are stockpiling trillions of dollars in “offshore” income, purportedly trapped overseas because of U.S. corporate taxes. This has…