Business

What Does It Mean to Be An 'American' Corporation?

What Does It Mean to Be An 'American' Corporation?
The hiring by American companies is not happening in the U.S. At the same time these companies are holding $1.7 trillion of profits outside of the country, away from their own shareholders and our economy to avoid their taxes, while pushing to dramatically lower the taxes they pay us.
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How Does Apple Get Away With Paying a 1.9 Percent Tax Rate on Overseas Profits?

How Does Apple Get Away With Paying a 1.9 Percent Tax Rate on Overseas Profits?
In 2012, the computer electronics maker Apple shifted many of its profits overseas, parking $36 billion globally. Yet at the same time, it only paid a 1.9 percent tax rate on these profits. Obviously, this egregious tax dodging has a negative impact on the average taxpayer in the U.S.
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Republicans and Dems Come Together — to Keep IRS From Competing with TurboTax

Republicans and Dems Come Together — to Keep IRS From Competing with TurboTax
A House bill introduced earlier this year would bar the IRS from offering taxpayers software that would compete with programs like TurboTax. In March, Grover Norquist and others wrote a letter to members of Congress that urged them to support the bill — what they called a “pro-taxpayer, anti-IRS power grab legislation.”
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Cell Phone Nation: Can You Live Without Your Mobile Devices?

Cell Phone Nation: Can You Live Without Your Mobile Devices?
On April 3,1973, the first cell phone call was made on a prototype of what would become the Motorola DynaTAC 8000x, by Martin Cooper. Forty years later, 29 percent of Americans describe their cell phone as “something they can’t imagine living without.”
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How To Spot a Fake Grassroots Movement

How To Spot a Fake Grassroots Movement
It turns out that the tea party movement and its calls for "freedom" from government intervention wasn't some organic uprising of community concern after all.
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IRS Wins Big Tax Ruling Against Bank of New York Mellon

IRS Wins Big Tax Ruling Against Bank of New York Mellon
A federal tax court judge Monday ruled that the Bank of New York Mellon had improperly claimed foreign tax credits through a complex deal arranged by Barclays. In the wake of the ruling, BNY Mellon said it will take a charge of $850 million but also said it would appeal.
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The Indestructible Twinkie: Lead Investors Announced

The Indestructible Twinkie: Lead Investors Announced
Citing sources close to the situation it did not name, the Wall Street Journal reported Tuesday that the offer for Twinkies and other snack cakes by C. Dean Metropoulos and Apollo would be for more than $400 million. The report said that the deal could be disclosed as early as Tuesday.
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Unlocking Your Cell Phone is Now Illegal

Unlocking Your Cell Phone is Now Illegal
As of Saturday, January 26, 2013, it is illegal to unlock your cell phone in the United States of America. Seriously.
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Grey's Anatomy Star Says He's Buying Tully's Coffee

Grey's Anatomy Star Says He's Buying Tully's Coffee
The actor, who was dubbed "McDreamy" by fans of the hospital drama while his co-star was affectionately called "McSteamy," won a bankruptcy auction to buy Tully's Coffee, a small coffee chain based in Seattle. Among those Dempsey beat out is Tully's much bigger Seattle neighbor, Starbucks Corp., which wanted to convert the cafes to its own brand.
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This Google Settlement is Brought to You by the Makers of Monopoly

The Federal Trade Commission's (FTC) settlement with Google fails to end its most anti-competitive practice, Consumer Watchdog said Thursday. The public interest group called on the Department of Justice to press forward to end the Internet giant's monopolistic behavior in search results.
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