asterisk2a + irs   13

Obama calls for international tax reform amid Panama Papers revelations
"a lot of it is legal" ... they are not poorly designed the laws have been designed by the revolving door of corporate lawyers and lobbyists. // We are not all in this together.
austerity  tax  evasion  tax  amnesty  tax  avoidance  Panama  Papers  G20  G8  tax  loopoles  lobby  revolving  door  Career  Politicians  Party  Funding  barackobama  George  Osborne  IRS  HMRC  white-collar  crime  corporate  governance  accounting  scandal  corporate  scandal  offshore  banking  income  tax  receipts  corporate  tax  rate  fairness  Super  Rich  1%  oligarchy  plutocracy  nasty  Tories  Conservative  Party  Google  Inc.  Westminster  Toff  Privileged  Establishment  No  Representation  democracy  squeezed  middle  class  poverty  trap  Precariat  disenfranchise  disenfranchised 
april 2016 by asterisk2a
Waiters And Bartenders Rise To Record, As Manufacturing Workers Drop Most Since 2009
On the surface, the March jobs reported was better than expected... except for manufacturing workers. As shown in the chart below, in the past month, a disturbing 29,000 manufacturing jobs were lost. This was the single biggest monthly drop in the series going back to December 2009. But not all is lost: as has been the case for virtually every month during the "recovery", virtually every laid off manufacturing worker could find a job as a waiter: in March, the workers in the "Food services and drinking places" category, aka waiters, bartenders and minimum wage line cooks, rose again to a new record high of 11,307,000 workers, an increase of 25K in the month, offsetting virtually all lost manufacturing jobs. This is how the two job series have looked since the start of 2015: 24k manufacturing jobs have been lost in the past 14 months compared to an increas of 365K food service workers.
UK  USA  job  creation  Manufacturing  industrial  policy  competitiveness  competitive  Service  Sector  Jobs  minimum  wage  low  pay  low  income  productivity  productivity  gap  recovery  economic  history  budget  deficit  income  tax  receipts  IRS  HMRC  trade  deficit  current  account  deficit  precarious  work  Precariat  squeezed  middle  class  job  loss  job  security  job  insecurity  working  poor  Contractor  Zero  Hour  Contract  Budget2016  George  Osborne  STEM  skills  gap  apprenticeships  2015  2016  China  BRIC  global  economy  global  trade  globalisation  globalization  outsourcing  self-employment  tax  free  income  tax  credit  social  safety  net  welfare  state  output  gap  participation  rate  babyboomers  western  world  secular  stagnation  Support  income  growth  wage  stagnation  disposable  income  discretionary  spending  household  debt  consumer  debt  credit  card  debt  car  loan  student  debt  Generation  Rent  Generationengerechtigkeit  tax  evasion  tax  avoidance  tax  amnesty  crony  capitalism  shareholder  capitalism  profit  maximisation  profit  maximization  Wall  Street  shareholder  value  multiplier-effect  austerity 
april 2016 by asterisk2a
Robert Reich on recent development - Tax Amnesty
[ shareholder capitalism ] 2.1trn $$$ parked in offshore banking for USA alone. ... USA x times bigger. ... UK estimate of up to 20bn a year of tax evasion and avoidance. // special deal of 10% tax on repatriation of offshore funds. // this is extortion // no Principles. you either pay your taxes or you are not allowed to do business in this country. // and it is not only cash it is also property and other assets ... companies will undervalue/price their value. not to market rate. see india's tax amnesty and that loophole people and companies exploited - bit.ly/1LjzHjk // >> tax is the price you pay for civilised and modern, western society! << //
tax  evasion  tax  avoidance  HMRC  Google  Amazon  Facebook  Microsoft  Apple  tax  amnesty  lobby  revolving  door  Career  Politicians  budget  deficit  offshore  banking  UK  USA  IRS  lobbyist  lobby  lobbying  presidential  election  2016  barackobama  presidency  austerity  TPP  TTIP  Wall  Street  profit  maximisation  shareholder  value  plutocracy  oligarchy  Super  Rich  1%  No  Representation  crony  capitalism  exploitation  white-collar  crime  shareholder  capitalism  fiduciary  responsibility  Gini  coefficient  inequality 
march 2016 by asterisk2a
An Alarm Goes Off Threatening The "Strong U.S. Jobs" Myth: Withheld Income Taxes Are Stalling | Zero Hedge
[#misrepresentation - FOI request to HMRC - job creation, ask for list of annual salary 2009 - till now - picture emerges of mostly low pay jobs. with more and more job qualifying for tax credits. ask also for numbers of tax credits during the "recovery" and also income based job seeker allowance, people just working 16hrs or less. - also housing benefit. / also the numbers and incomes for self-employed and their income development during the recovery, do they grow their income? or do they make ends meet? ] The best example of this is when looking at the growth of federal income and employment tax withholdings, the broadest and most timely read on the health of the job market, which as Jed Graham writes, "has been sinking at an alarming rate." While for most of 2015, tax withholdings rose at a rate of 5% or more from a year ago, on the back of job growth and gains in wages, commissions and other incentive pay, in recent months there has been a substantial dropoff in this key indicator.
FOI  UK  USA  recovery  Service  Sector  Jobs  economic  history  secular  stagnation  George  Osborne  wage  stagnation  low  pay  low  income  labour  market  precarious  work  Precariat  working  poor  disposable  income  discretionary  spending  income  growth  part-time  Zero  Hour  Contract  Contractor  self-employment  HMRC  IRS  Freedom  of  Information  Act  austerity  David  Cameron  nasty  party  PR  spin  doctor  Positioning  misrepresentation 
february 2016 by asterisk2a
Email Shows How Google Gets Things Done In Washington - BuzzFeed News
[ tech; winner takes all ] Shelton’s email, which has not previously been disclosed, shows the extent to which Google has tried to wield influence in Washington. The search giant, which has spent years battling the FTC on various fronts and is currently facing separate antitrust charges in Europe, has built a prodigious lobbying operation that it deploys on matters large and small. //&! Rich, Powerful, And Under Investigation: Google Is The New Microsoft The European Union has filed charges alleging Google uses its dominance of the search market to stifle competition. The complaint brings back memories of Microsoft, back in the days when it made competitors tremble. - bzfd.it/1SKbPIc
antitrust  anti-competitive  Google  Inc.  Alphabet  Inc.  FTC  USA  European  Union  Europe  lobbyist  lobby  Lobbying  revolving  door  UK  tax  avoidance  tax  evasion  Apple  Facebook  Microsoft  Career  Politicians  IRS  HMRC 
february 2016 by asterisk2a
David Cay Johnston; How The One Percent Enrich Themselves at Government Expense, part 1 - YouTube
min 10 - gov sets the rules and rule define the civilisation and the quality of lives. // min14 - people don't want you to see and know what they are doing [...[ you need journalist who are sceptical about what the gov is saying and telling you what they do, but what the gov is actually doing >> truth tends to lead to better policy << [...] you publish when you have it, not when its good timing. // 23:40 - moral point of Super Rich and tax evasion/avoidance.Andrew Mellon. Adam Smith and the Bible: taking from the poor and giving it to the rich. is a denounced evil. you society will come to ruins. AND HERE COMES DAVID CAMERON in his christmas/new years message with CHRISTIAN VALUES! What a liar, what a hypocrite. - ind.pn/1ZqA8eh - David Cameron says Christian values make Britain successful. Why? - bit.ly/1WTGAJd &! bit.ly/1JwfUqp &! bbc.in/1ZqpPqG - << DWP Sanctions //32:40 flawed policy by flawed public understanding how the economy works and politics - disconnected from reality! -
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january 2016 by asterisk2a
Congress OKs year-end budget deal, sends to Obama
$680 billion tax package extending dozens of breaks touching all sectors of the economy, making several of them permanent & tossing the entire cost onto the deficit. [pork barrels] [...] But they boasted of using their leverage, veto threats from Obama & the GOP's craving for the oil export ban to extract numerous concessions from Republicans, including five-year extensions of solar and wind tax credits, a top goal for Reid. And they blocked numerous policy "riders" Republicans sought on the environment and other issues. "They wanted big oil so much that they gave away the store," Pelosi gloated [...] The bill extends more than 50 expiring tax cuts, with more than 20 becoming permanent, including credits for companies' expenditures for research and equipment purchases, and reductions for lower-earning families and households with children and college students. Ryan cited the lifting of the oil export ban, the large increase for the Pentagon & curbs on the activities of EPA & IRS
corporate  tax  rate  subsidies  subsidizing  corporate  welfare  trickle-down  economics  neoliberalism  neoliberal  lobbyist  lobby  Lobbying  fairness  presidency  barackobama  austerity  USA  GFC  bank  bailout  budget  deficit  globalization  globalisation  revolving  door  democracy  social  democracy  No  Representation  Career  Politicians  corporate  scandal  accounting  scandal  economic  history  Gini  coefficient  inequality  Super  Rich  1%  meritocracy  meritocratic  social  mobility  income  mobility  American  Dream  compromise  IRS  EPA  Pentagon  military–industrial  complex  War  on  Terror  CISA 
december 2015 by asterisk2a
IRS Tells Coke It Owes $3.3 Billion - YouTube
// they use infrastructure, human capital, etc etc have to pay their share! not use and abuse. No Career Politician is principles to rep people and bring down the hammer with an ultimatum and say either you pay ur taxes and do business. or you don't. don't pay your taxes and you are barred from doing business here.
IRS  HMRC  tax  evasion  UK  USA  tax  avoidance  Wall  Street  shareholder  value  profit  maximisation  corporate  tax  rate  fairness  Generationengerechtigkeit  budget  deficit  lobbyist  lobby  Lobbying  Career  Politicians  No  Representation  democracy  social  cohesion  social  tension  social  contract  political  theory  crony  capitalism  capitalism  globalization  globalisation  G20  Principle  character 
september 2015 by asterisk2a
Over The Past 4 Years News Corp Generated $10.4 Billion In Profits And Received $4.8 Billion In "Taxes" From The IRS | zero hedge
News Corp, which after generating $10.4 billion in profits over the past 4 years, and which would have been expected to pay the IRS $3.6 billion at the statutory corporate tax rate, instead received $4.6 billion back from Uncle Sam. Bottom line: Murdoch's corporation had a cash paid tax rate of -46% between 2007 and 2010. The culrpit: two little somethings called Deferred Tax Assets and Net Operating Loss Carry-forwards.
IRS tax loopholes as deferred tax assets and NOL carryforward? Not entirely.
+ Hundreds of Offshore Accounts.

News Corp. has 152 subsidiaries in tax havens, including 62 in the British Virgin Islands and 33 in the Caymans. only Citigroup and Morgan Stanley have more tax haven subsidiaries than News Corp., a 2009 U.S. Government Accountability Office study found.

However, in the interest of objectivity, News Corp. is merely one of many corporate transgressors who take full advantage of the massive loopholes in America's tax code.
USA  taxation  taxevasion  corporate  tax  newscorp  rupertmurdoch  offshore  IRS  barackobama  presidency  2011  fraud 
july 2011 by asterisk2a

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