August 19th, 2009
The Swiss banking industry, facing a raft of proposals from Congress and the IRS for new requirements aimed at catching U.S. tax evaders, is beefing up its Washington lobbying ranks.
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August 12th, 2009
Pat Garofalo in the Wonk Room over at ThinkProgress has a fascinating
post today about the companies which are lining up to oppose President Obama's crackdown on corporate abuse of tax deferrals. From
ThinkProgress:
National Journal reported today that some tech-industry giants are getting ready to “intensify their opposition” to the Obama administration’s plan to limit the use of offshore tax deferrals:
High-tech industry giants such as Hewlett-Packard, IBM, Microsoft and Oracle will intensify their opposition this fall to an Obama administration proposal aimed at limiting what critics insist...
August 4th, 2009
There's been some very disappointing news over the past 24 hours leaking out of the UBS settlement negotiations indicating that the Swiss banking giant will not be forced to pay a fine in the case and will only be required to reveal roughly 5,000 names - a fraction of the 52,000o offshore UBS accounts controlled by Americans in Switzerland. If this indeed is what the final settlement includes, then it will be a sad day for justice.
Indeed the Swiss are even admitting that this settlement plan would do nothing to impart Swiss banking secrecy. From the...
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July 21st, 2009
Washington, D.C. - infoZine - In the aftermath of President Obama's trip to Ghana, where he urged Africans to fight corruption and take control of their own destiny, leaders from the continent called on the Obama Administration to do its part by making U.S. foreign assistance more focused and effective.
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