offshoring

Where Are the Tax Reforms to Bring Home $2 Trillion in Offshored Profits?

Where Are the Tax Reforms to Bring Home $2 Trillion in Offshored Profits?
Big companies have discovered a loophole that lets them avoid paying their taxes. These tax-dodgers are holding $2 trillion-plus of taxable profits outside of the U.S., on which they could owe as much as $700 billion in taxes. What could our country do with this $700 billion it is owed? These companies discovered that they can move jobs, factories, labs, call centers and profit centers out of the country and by doing that they can avoid paying U.S. corporate taxes.
origin Author: 
origin Blog: 

Outsourcing and Out of Line: Temporary Worker Visas Take American Jobs, Expedite Offshoring

Outsourcing and Out of Line: Temporary Worker Visas Take American Jobs, Expedite Offshoring
A $34 million settlement between the U.S. Justice Department and India-based consulting and outsourcing company Infosys is putting the issue of H-1B visa abuse back into the spotlight. The visas are ripe for abuse, especially among technology companies which have turned the visa program into a way to train foreign workers in the U.S. at low cost and then send them back to their home country with new skills.
origin Author: 
origin Blog: 

A Tax Deal Only the Ultra-rich Could Love

A Tax Deal Only the Ultra-rich Could Love
How much do the newly enacted tax hikes on the wealthiest Americans actually affect them? Hardly at all.
origin Author: 
Harold Meyerson
origin Blog: 

Chewing: Gov. Bentley Tries To Eat His Words About Romney's Taxes

Once the words are spoken, it's very hard to take them back -- especially when they're so obviously true.
“If you have things to hide, then maybe you’re doing things wrong,” Bentley said. “I think you ought to be willing to release everything to the American people.”
Dr. Gov. Bentley's comments about Mitt Romney's tax returns are featured in a new highlights reel (below the fold) of Republicans saying Romney ought to release those returns ... at the same time Bentley is desperately backpedaling via press release.
"I believe my comments were taken out of context, they were not reported in their entirety, and I want to make sure the record is set straight," Governor Bentley said in a statement. "I believe in trasparency, and that was the basis for my answer. I personally choose to release my own returns each year, and there was no effort to imply that Mr. Romney has anything to hide."
origin Author: 
origin Blog: