Posts Tagged ‘corporations’

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CNN: TRUSTED TO BE INCOMPETENT

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Corporate Media Target Gabbard for Her Anti-Interventionism—a Word They Can Barely Pronounce

 

 

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RECORD FINES OVER FOREIGN CAMPAIGN CONTRIBUTIONS

 

In a four-part investigation published in August 2016, Intercept reporters Lee Fang and Jon Schwarz uncovered evidence proving for the first time that foreign money was being funneled into U.S. elections after the Supreme Court’s decision in Citizens United. They found that a Chinese citizen directed the U.S. corporation he controlled to donate $1.3 million to a super PAC supporting Jeb Bush’s 2016 presidential campaign.

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I don’t shop at any of these already.

9 Right Wing Companies Every Progressive Should Boycott

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Wikileaks Revelations Expose US NSA Tentacles Reaching into Allied Governments Around the World

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Amazon, Google race to get your DNA into the cloud

Corporate hagiography completely ignores security and ethical issues of having your genetic blueprints available for exploitation by these corporations.

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This is business as usual. This is what’s allowed by those in charge in Washington. You should be angry today.

Corporate Tax Havens Stiff Taxpayers by $110B A Year

Last year alone, the U.S. Treasury and state governments lost roughly $110 billion in tax revenues after major corporations funneled their cash through accounts in the Cayman Islands, Bermuda and other offshore tax havens, according to figures compiled by the U.S. Public Interest Research Group (PIRG).

Related: 15 Fortune 500 Companies Paid No Federal Income Taxes in 2014

Under current law, U.S. corporations are allowed to defer or delay paying federal income taxes on overseas profits to avoid a federal corporate tax rate of as much as 35 percent until this money is “repatriated” or brought back into the United States.

At least 362 companies, making up 72 percent of the Fortune 500, maintained subsidiaries in tax haven jurisdictions as of 2013.

Among the biggest beneficiaries, according to the PIRG analysis:

  • Pfizer, the world’s largest drug manufacturer, paid no U.S. income taxes between 2010 and 2012 despite earning $43 billion throughout the globe. Pfizer actually received more than $2 billion in federal tax refunds.

  • Microsoft maintains five tax haven subsidies and kept $92.9 billion overseas in 2014. By taking advantage of the federal tax law, Microsoft averted an additional $29.6 billion in taxes.

  • Citigroup stashed $43.8 billion in offshore jurisdictions in 2014, saving itself $11.6 billion of additional taxes.

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Obama’s wet dream effectively puts multinational corporations above state, local and the federal government. Any regulations that corporations don’t like can be cause to “sue” the USA and have the matter decided outside our borders. This is a knife in the back and must fail.

Now We Know Why Huge TPP Trade Deal Is Kept Secret From The Public

“Under the [TPP] companies and investors would be empowered to challenge regulations, rules, government actions and court rulings — federal, state or local — before tribunals organized under the World Bank or the United Nations.”