Relevant and even prescient commentary on news, politics and the economy.

The Tax Free Tour; a look at the offshore tax haven system

We’ve all talked and read about the idea and practice of offshore accounting to reduce taxation. Here is an article produced by a show called Backlight.  Backlight appears to be a news journal show in the idea of Frontline by a Dutch public broadcasting organization known as VPRO. This episode is titled: The Tax FreeTour.  […]

Hedge Fund Tax Avoidance Schemes–using (purported) offshore reinsurers

by Linda Beale Hedge Fund Tax Avoidance Schemes–using (purported) offshore reinsurers It seems that billionaires think they are entitled to it all and think they should be able to run their speculative games without paying much of anything at all in taxes to the government they depend on. And none of this is good for […]

The worm in Apple (and the US tax code)–offshoring of US Profits

by Linda Beale The worm in Apple (and the US tax code)–offshoring of US Profits Citizens for Tax Justice has focused on Apple’s ability to lower its US effective tax rate by offshoring its profits to tax havens.  See, e.g.,  Robert McIntyre, What Apple Pays in Taxes and Doesn’t, NY Times Letters to the Editor, […]