For years, Google has used anonymous LLCs to secure development deals and tax breaks with local officials, whom it then signs to broad nondisclosure agreements in an attempt to keep its role in negotiations secret for as long as possible, the Washington Post reports. The news comes days after Google announced a plan to spend $13B…
Category: tax
U.S. Companies Shelter 40 Percent Of Foreign Profits, Study Finds | HuffPost
The Trump tax cuts have had no real impact on any of the goals it was purportedly designed to achieve, including this one: Multinational companies based in the U.S. and elsewhere hide close to 40 percent of their foreign profits in overseas tax havens, according to a new study, and the massive U.S. corporate tax…
Corporate Tax Cuts Don’t Create Jobs, They Enrich CEOs | The Nation
Though congressional Republicans and the White House rarely see eye-to-eye these days, they are united on the idea that cutting corporate taxes will spur an hiring boom that will reach down to the ordinary worker. A new report from the Institute for Policy Studies shows this isn’t true. US companies are already paying minimal amounts…
