Friday, September 9, 2016

US OFFSHORE IRS TAX SHELTERS NEWS



CORPORATE WELFARE NEWS
SEPTEMBER 2016




FORTUNE
September 8, 2016
Elizabeth Warren Asks Congress to Crack Down on 'Corporate Tax Dodgers'  
“They should pay their fair share.”
Sen. Elizabeth Warren (D-Mass.) wants Congress to follow the European Commission’s lead when it comes to taxes.

CELEBRITY NET WORTH
September 4, 2016
By Alyssa Camparo
European Union Is Grabbing Billions In Back Taxes
"On Tuesday, the European Union's antitrust regulatordemanded that Apple pay $14.5 billion in back taxes to Ireland. It's the highest amount the EU has ever demanded under its rules forbidding governments and businesses from entering into special arrangements that cool competition. But it's not the first time Europe has required a big company to pay back taxes"

THE STREET
September 2, 2016
by Andrew Bulkeley
"Every Vienna café, every sausage stand pays more taxes in Austria than a global company. That's true for Starbucks, Amazon and other companies," Kern was quoted by the paper.
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TAX JUSTICE
August 26, 2016 04:56 PM
By Matt Gardner
"When corporations invert and claim foreign residency for tax purposes, it is sensible to ask whether these companies should be allowed to continue to enjoy all the advantages of U.S. citizenship. Mylan’s shameless effort to use U.S. taxpayers as a profit center, both by avoiding federal income taxes and by jacking up prices of medical supplies, should prompt policymakers to closely examine all benefits lavished directly and indirectly on Mylan and its fellow corporate inverters and, if possible, revoke them."