Corporate Loopholes, Fraud and Tax Evasion
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By Dave Umhoefer Published on Sunday, September 11th, 2011 at 10:00 p.m. When a Pulitzer Prize-winning journalist bumped heads with S.C. Johnson, one of the nation’s largest private companies, the collision renewed a tax-fairness debate that flared with reports that General Electric had no U.S. tax bill despite billions in profits last year.
This article was written by an investment manager who works with very wealthy clients. him from decades ago, but he recently e-mailed me with some concerns he had about what was happening with the economy.
CORRECTION This story was based on a Reuters piece by David Cay Johnston, which he has since retracted and corrected His full explanation can be read by clicking here By Daily Mail Reporter UPDATED: 17:59 GMT, 14 July 2011 Rupert Murdoch's News Corp. collected $4.8 billion in income tax refunds in the last four years, an investigation has uncovered.
Editor's Note: Reuters issued an advisory indicating that the column written by David Cay Johnston, on which this interview with Johnston was based, was wrong:
iLove Apple but iHate the Tax Cheat. I can sync my iPhone to my MacBook Why can't I sync it to my Values?
Goldman Sachs Group Inc.
From Rising Tide : A little over two years ago, ..
Bank of America will pay $137.3 million to settle allegations that it defrauded schools, hospitals and dozens of other state and local government organizations, federal officials said Tuesday. The settlement stems from a long-running investigation into misconduct in the municipal bond business that raises money for localities to pay for public services. Bank of America is accused of depriving local organizations of millions of dollars by engaging in illegal behavior when investing the proceeds of municipal bond sales.
Cable Companies' $46+ Billion Robbery -- Subscribers Have Been Ripped off for $5 a Month Since 2000 | Media and CultureNovember 7, 2010 |
Guest Post: Mortgages Were Pledged to Multiple Buyers at the Same Time
Google Inc. cut its taxes by $3.1 billion in the last three years using a technique that moves most of its foreign profits through Ireland and the Netherlands to Bermuda.
Home | About Us | Our Advertisers | Contact | Subscribe Inside the fraud factory An unwitting foot soldier in the Wall Street mortgage mega-scam
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Host:YouTube Michael Mosley has set himself a truly ambitious goal: he wants to live longer, stay younger and lose weight in the bargain.
WASHINGTON -- The military paid a total of $285 billion to more than 100 contractors between 2007 and '09, even though those same companies were defrauding taxpayers in the same period, according to a new Defense Department report . What's perhaps most shocking is that billions of dollars went to contractors who had been either suspended or debarred for misusing taxpayer funds.