$1.50 a week. Is that a pay hike worth celebrating? Well, at least it is according to House Speaker Paul Ryan. On Saturday, Ryan tweeted … As Paul Ryan Touts a Secretary’s $1.50 Weekly Pay Hike, Koch Bros. Reap $1.4B from GOP Tax PlanRead more
Tax
Posted inCorruption / Tax / ToMl
Big Four accounting firms are key drivers of tax haven use
As scandals emerge from the Paradise Papers, the Big Four accountancy firms seem to have managed to stay largely out of the spotlight once again. … Big Four accounting firms are key drivers of tax haven useRead more
Posted inCorruption / Media / Tax / ToMl
Are the activities uncovered in the Paradise Papers ‘legal
As the revelations from the Paradise Papers hit the news stands many journalists are asserting as fact that nothing illegal has taken place. The BBC … Are the activities uncovered in the Paradise Papers ‘legalRead more
Posted inCorruption / Tax / ToMl
How Nike stays one step ahead of the taxman
Everyone knows Nike. Most people probably own a pair of Nikes. It is unquestionably one of the best-known brands in the world, making billions of … How Nike stays one step ahead of the taxmanRead more
Posted inTax / ToMl / USA Empire
The Great American Tax Heist
With passage this week of a budget framework, Republicans in Congress have embarked on a preposterous mission of passing—in three weeks—a tax bill that still … The Great American Tax HeistRead more
Posted inCorruption / Tax / ToMl
Global Tax Evasion: You can’t trust white people
Here at The Undercurrent we’re sick of getting forced to pay more and more tax while huge corporations pay little or no tax. Corporations like … Global Tax Evasion: You can’t trust white peopleRead more
Posted inApple / Tax / ToMl
Apple’s Exports Aren’t Missing: They Are in Ireland
Yuqing Xing notes that Apple sells a lot of iPhones in China, at a high mark-up.* And he also notes, correctly, that Apple’s sales in … Apple’s Exports Aren’t Missing: They Are in IrelandRead more
Posted inCorruption / Tax / ToMl
Dubai: the Guptas’ city of shells
On the surface, Dubai is one of the world’s great success stories. Its towering skyscrapers and glaring opulence bear testimony to a desert boom-town that … Dubai: the Guptas’ city of shellsRead more
Posted inCorruption / Tax / ToMl
Illicit Financial Flows Through Corporate Tax Evasion
We know the story: Africa is poor, and it needs help from rich countries. And if Western powers have exploited the black continent through slavery, … Illicit Financial Flows Through Corporate Tax EvasionRead more
Posted inCorruption / Indonesia / News / Tax
Indonesian agribusiness giant APRIL outed in Paradise Papers
Indonesia’s second-largest pulp and paper firm routed billions of dollars through a network of offshore shell companies, likely to minimize its tax in the Southeast … Indonesian agribusiness giant APRIL outed in Paradise PapersRead more