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Showing blog posts tagged with tax shelter

Apple Avoiding Billions and Billions of Dollars in Taxes

Dave Johnson | Corporate Greed

Apple Avoiding Billions and Billions of Dollars in Taxes

Apple (like many giant, multinational corporations) has been avoiding paying the taxes they owe to the country by setting up foreign “subsidiaries” in tax-haven countries and moving jobs and profit centers out of the country. They have accumulated billions upon billions of dollars in these tax havens. Now they want a special tax break to reward them for doing that.

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New PayWatch Spotlights CEO Pay, Fix the Debt Hypocrisy, Golden Nest Eggs and More

Mike Hall | Corporate Greed

www.paywatch.org

Did you know that the CEOs of the Campaign to Fix the Debt , the corporate front group that wants to cut Social Security and Medicare and lower corporate taxes, have parked more than $418 billion of untaxed corporate profits overseas? Overall it is estimated that U.S. corporations have as much as $1.9 trillion sheltered overseas. That would make a nice down payment on fixing the debt.

You can read about "Fix the Debt" and more in the 2013 edition of the  AFL-CIO’s Executive PayWatch  launched today. PayWatch not only shines a light on Fix the Debt hypocrisy, but it also explores the  huge wage gap between CEO pay and the average U.S. worker . PayWatch started in 1997. 

Visit  www.paywatch.org .

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People@Work See How America's Unions Make a Difference

Legislation Would Stop Corporate Offshore Tax Evasion Schemes

James Parks | Corporate Greed

Here’s one contributor to the deficit Republicans don’t want to talk about. Loopholes in our tax laws allow multinational companies and hedge funds to shelter enormous sums of money from taxes by creating offshore identities and using tax-haven banks. This practice costs nearly $100 billion in taxes each year, according to the Senate Permanent Subcommittee on Investigations.

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eZTemplate: Loading template "content/datatype/view/ezxmltags/link.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezxmltags/li.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezxmltags/ul.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/ezimage.tpl" with resource "design"
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "content/datatype/view/eztext.tpl" with resource "design"
Timing: Oct 02 2013 09:39:51
End
Notice: Oct 02 2013 09:39:51
eZTemplate: Loading template "setup/debug_toolbar.tpl" with resource "design"

Timing points:

CheckpointElapsedRel. ElapsedMemoryRel. Memory
Script start 0.0000 sec0.0329 sec 1,284.6172 KB1,198.9531 KB
Module start 'content' 0.0329 sec0.7425 sec 2,483.5703 KB5,494.8438 KB
Module end 'content' 0.7753 sec3.6694 sec 7,978.4141 KB15,205.0078 KB
End 4.4447 sec  23,183.4219 KB 
Total runtime:4.4507 sec
Peak memory usage:24,925.4219 KB

Time accumulators:

 Accumulator Elapsed Percent Count Average
ini_load
Load cache0.0084 sec0.1891%340.0002 sec
Find INI Files0.0002 sec0.0050%60.0000 sec
Mysql Total
Mysqli_queries3.4056 sec76.4147%10910.0031 sec
Looping result0.0482 sec1.0805%10730.0000 sec
TS translator
TS init0.0022 sec0.0487%40.0005 sec
TS cache load0.0011 sec0.0257%40.0003 sec
TS context load0.0008 sec0.0184%40.0002 sec
Template Total4.3516 sec 97.6% 3 1.4505 sec
Template load0.0061 sec0.1376%30.0020 sec
Template processing4.3454 sec97.5001%31.4485 sec
Template load and register function0.0001 sec0.0026%10.0001 sec
states
state_id_array0.1678 sec3.7661%790.0021 sec
state_identifier_array0.2322 sec5.2093%840.0028 sec
override
Cache load0.0069 sec0.1559%1230.0001 sec
class_abstraction
Instantiating content class attribute0.0016 sec0.0362%380.0000 sec
Sytem overhead
Fetch class attribute can translate value0.0040 sec0.0901%160.0003 sec
Fetch class attribute name0.0175 sec0.3920%320.0005 sec
XML
Image XML parsing0.0224 sec0.5035%160.0014 sec
General
String conversion0.0000 sec0.0003%30.0000 sec
dbfile0.0046 sec0.1024%960.0000 sec
Total script time:4.4568 sec