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Facebook Unfriends Uncle Sam: Mark Zuckerberg's Plan To Avoid Taxes. By Pat Garofalo on May 15, 2012 at 1:20 pm "Facebook Unfriends Uncle Sam: Mark Zuckerberg’s Plan To Avoid Taxes" The right-wing has been lauding Facebook co-founder Eduardo Saverin for his decision to renounce his U.S. citizenship in order to avoid taxes.

Facebook Unfriends Uncle Sam: Mark Zuckerberg's Plan To Avoid Taxes

But he isn’t the only one who’s going to slash his tax bill in the wake of Facebook’s upcoming initial public offering: both CEO Mark Zuckerberg and the company itself will lower their tax bill for years to come. While Zuckerberg will pay a hefty tax bill right off the bat if he follows through on his plan to sell $5 billion in Facebook stock options, as the New York Times noted, he may then never pay a dime of taxes on the rest of his Facebook wealth. Carl Gibson @uncutCG. Justinwedes : Slipping out of Brooklyn in... Andrew Boyd - Author, Activist, Prankster for Social Change. Andrewboyd (andrewboyd) sur Twitter. The Top 7 Corporate Tax Evaders. Want to hear something worth having a tea party about?

The Top 7 Corporate Tax Evaders

Some of the largest US corporations have mastered the art of evading taxes by booking expenses in the US and profits in low-tax countries. As companies send off their corporate tax filings on the March 15th filing deadline, think about the multi-billion dollar corporations which Forbes reports had lower tax rates than you did: Hewlett-Packard (NYSE:HPQ) earned pretax income of $9.4 billion, but managed to keep their tax rate the same as someone earning less than $33,950 a year.

OFFICIAL] US Uncut "PAY UP!" Flashmob at Bank of America 4/15/11‬‏ US Uncut Holds a BOA Teach-In‬‏ Most of Apple's $82 billion cash stockpile is 'trapped' overseas. Apple may have enough cash on hand to make Scrooge McDuck's money vault look like a kiddie pool by comparison, but according to SeekingAlpha, most of that cash is effectively trapped overseas.

Most of Apple's $82 billion cash stockpile is 'trapped' overseas

US$54 billion of Apple's overall $82 billion in cash is in offshore accounts, and Apple cannot repatriate that money to the States unless it wants to pay a huge 35 percent corporate tax on it. If Apple attempted to bring that money into the States, right off the bat through the magic of taxes that $54 billion would transform into $35.1 billion, with the other $18.9 billion disappearing down the federal money hole. FLASHMOB US UNCUT BANK OF AMERICA SAN FRANCISCO 4 15 11‬‏ It's a Hoax: GE Does Not Plan to Return $3.2 Billion Tax Refund to U.S. Treasury. This is a rush transcript.

It's a Hoax: GE Does Not Plan to Return $3.2 Billion Tax Refund to U.S. Treasury

Copy may not be in its final form. AMY GOODMAN: Well, as we talk about the power in this country — grassroots power, corporate power — we wanted to finally turn to General Electric, which has been under criticism ever since the New York Times reported last month GE paid no federal income taxes last year despite earning $14.2 billion in worldwide profits. While some news outlets have questioned the accuracy of the Times report, GE’s tax record is now in the spotlight. Well, on Wednesday, the Associated Press filed a report that began, quote, "Facing criticism over the amount of taxes it pays, General Electric announced it will repay its entire $3.2 billion tax refund to the US Treasury on April 18.

" The story was quickly picked up by news websites across the country. Action at the Capitol Olympia 4-6-2011 : un album. Top 10 US Corporate Tax Avoiders Named on Senate Floor. Despite complaints about the U.S.’s burdensome 35% corporate tax rate, two-thirds of American corporations pay no taxes in a given year.

Top 10 US Corporate Tax Avoiders Named on Senate Floor

In a speech last week on the Senate floor, Senator Bernie Sanders (I) of Vermont called out the top 10 corporate tax avoiders: Among those actually getting money back from the Feds: Video Player. Pa. college leaders warn of aid cuts' impacts. In his budget address last week, Corbett proposed dramatic cuts to higher education, including eliminating $625 million, or about 50 percent, of funding meant for 14 state-owned universities and four "state-related" universities - Temple, Penn State, Lincoln, and Pitt.

Pa. college leaders warn of aid cuts' impacts

Temple president Ann Weaver Hart said that her school had reduced its expenditures year after year, but that the level of state cuts proposed this year would force tuition increases that could put the university out of reach for many. "This would have an incredibly disproportionate impact on working and middle-class families," Hart said. When one factors in cuts proposed for Temple University Hospital, she said, "it piles on the most vulnerable people.

" Hart and Lincoln University president Ivory Nelson said that to hold tuition increases down, they would have to consider salary freezes, consolidation of programs, and reduced services. And that would be just the beginning. Meet US Uncut. Share Last month, journalist Johann Hari wrote an article for The Nation called “How to Build a Progressive Tea Party” in which he detailed the sudden and rapid evolution of UK Uncut, a British movement formed to curb corporate tax dodging.

Meet US Uncut

At the time, Hari’s wish was for the cause to cross the pond and take root in America. It took about a month for the dream to become a reality. A young man named Carl Gibson from Mississippi read Hari’s article and immediately felt inspired to launch US Uncut. Citizen Radio Reports! US Uncut in New York. US Uncut NYC February 26 Bank of America Demo. GRITtv: US Uncut Takes On Bank of America Across America - GRITtv with Laura Flanders - US Uncut NYC demonstrates outside Bank of America Investor Conference. US Uncut Boston vs Bank of America! US Uncut Protests Target Banks. Vidéos publiées par US Uncut-Michigan : Lansing 3-12-11 [HQ] With A Brooklyn Accent. US Uncut crashes Bank of America Conference. Msnbc Video. ExxonMobil uses Spain as a tax shelter, pays zero · ELPAÍ in English. The one and only employee of ExxonMobil Spain would certainly be in favor of Chancellor Angela Merkel's proposal to link wages to profits.

ExxonMobil uses Spain as a tax shelter, pays zero · ELPAÍ in English

In two years, the company, an affiliate of the oil giant ExxonMobil, recorded 9.907 billion euros in net profits. For practical purposes, the money is really net surplus; the company did not pay a single euro of taxes on the gains. Like many other multinationals, Exxon has found its own private tax haven in Spain. Exxon is utilizing a completely legal tax structure known as entities holding foreign securities (ETVE).

Using this structure can be called financial engineering or tax planning but not fraud, unless proven otherwise. US Uncut is born. Posted on February 14, 2011 by Carl Gibson | 24 Comments Carl Gibson is the founder of CIVIL USA – the first of what we hope will be many US Uncut groups.

US Uncut is born

Visit the CIVIL USA website, and follow the campaign on twitter at @civilusa. Walking away from the Mississippi State Capitol yesterday, I saw three older white folks getting out of their cars. UK online protest inspires US group. Bank that funded Walker, now Closed. Anyone that has any money in this bank, no matter how little, should withdraw it ASAP.

Bank that funded Walker, now Closed

Make them feel the pain that they are causing the little people. Of course it might be difficult to withdraw today, as they've had to close their doors to prevent a run. This story should continue to get out. The success of closing a bank even temporarily, will inspire other groups to continue their efforts. When the firefighters arrived at the Capitol this morning they started the chant "MOVE YOUR MONEY! " Michigan Republicans create "financial martial law"; appointees to replace elected local officials. Republican Michigan governor Rick Snyder, along with the state's Republican house and senate, have passed a controversial bill that allows the governor to dissolve the elected governments of Michigan's towns and cities, replacing them with unaccountable "emergency financial managers" who can eliminate services, merge or eliminate school boards, and lay off or renegotiate unionized public employees without recourse.

Republican senator Jack Brandenburg -- who supported the measure -- calls it "financial martial law. " While local governments are subject to electoral recall by residents, the "managers" the governor appoints will answer only to the state legislature. There are no limits to the salary "managers" may draw (an amendment that would have limited their compensation to $159,000, which is the governor's own salary, was defeated). Violent Legislation: Wisconsin GOP's Power Snatch. US Uncut - Home. US Uncut (USUncut) Radio or Not - The Nicole Sandler Show on USTREAM: Nicole Sandler hosted The Nicole Sandler Show on Air America radio until the network called it quits. Sh. Watch without ads Ustream © Search Log in / Sign up With Facebook (faster) Log in or sign up with Facebook See what your friends like and watch, get awesome recommendations Instant login, no passwords.


Media. Cartoons/parody/ satire. Events. Internal Revenue Service. U.S. Securities and Exchange Commission (Home Page) Yes Lab: GE returns Billions. When GE announced that the company would return its illegitimate (but legal) $3.2 billion tax refund, and that they would lobby to close the sort of corporate tax loopholes that had allowed them to skip taxes in the first place, it seemed too good to be true.