This comes from a  web site called Think Progress: Even as American corporations are raking in record profits, the largest among them are shifting larger amounts of money away from the United States and into offshore tax havens that allow them to pad their bottom lines even more, according to multiple analyses of legal filings
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The U.S. PIRG Education fund has published a new study that looks at losses to U.S. states from offshore tax dodging. (These losses are calculated separately from U.S. federal tax losses.). The press release follows: New Study: Offshore Tax Dodging Blows $40 Billion Hole in State Budgets Read the Report here.  Washington, February 5th – With states across the country
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David Cay Johnston has written a long report on TaxAnalysts.com on Dell. I won’t reiterate it here: the whole story is available on line. I recommend giving it a read.

As the world’s press has noted this morning Barack Obama has nominated Jack Lew to be the next US Treasury secretary. I was interested in the comment in the FT by Bernie Sanders, the independent left of centre senator from Vermont, also said he would not vote to confirm Mr Lew: As a supporter of the
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What we now know about the Republicans in the USA is that rather than vote to save the US economy and avoid massive tax rises on the middle classes they’ll vote down all compromise to prevent a tax rise on the rich alone. Not so far from George Osborne then, after all. What’s astonishing is their ability
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When the Telegraph can write this there is something to note: When Mr Obama wins the votes of unmarried women by 38 points, it speaks to an abject failure of the Republican Party to rein in a vocal minority who represent the extreme fringes of what is considered acceptable to the majority of Americans. In
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Four years ago I was excited by Obama being elected. This morning it’s more like releif that Romney was not. And releif that policies like Obamacare survive. But it’s not excitement. When Obama tackles tax in the USA, and seeks to beat inequality with it, and seeks to stop US multinational tax abuse as well,
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Sometimes the choices with regard to tax and spend are stark. As the FT has reported this week: Jerry Brown, California’s governor, has warned that the wealthiest US state will have to close schools for up to an extra three weeks if voters do not back temporary tax increases on the rich. A ballot in next month’s
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From the TJN blog (borrowed, with thanks, it’s been a busy morning) This is an extraordinary story, from the UK’s Daily Mail: The average salary package paid to each member of Facebook staff in the UK last year was more than the entire amount the internet giant paid the Treasury in corporation tax. Facebook paid just £238,000 to Her
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