Latest News for: Taxes offshore


Reconciliation Bill Gives Massive Boost to U.S. Offshore Wind

The Maritime Executive 08 Aug 2022
Through a combination of tax hikes on business, reforms to prescription drug pricing and a new fee on methane emissions, the Act will capture an estimated $790 billion for the government's balance sheet through 2031 ... Offshore wind farms are eligible for an investment tax credit of 30 percent, and the subsidy was set to expire in 2025.

Merck defends tax approach against senator’s claims of avoidance

The Irish Times 07 Aug 2022
Merck is one of several US-based multinational companies that have come under scrutiny from the committee, which is investigating how Big Pharma uses a combination of offshore subsidiaries, tax exemptions and legal loopholes to slash their tax bills ... for tax purposes, he said.

Opinion: Offshore wind developer sensitive to public’s concerns

The Virginian-Pilot 07 Aug 2022
Kenneth Kimmell is the vice president of offshore wind development for Avangrid Renewables, and previously served as the president of the Union of Concerned Scientists ... An investment of $1.5 billion in construction spending and $100 million in local tax revenues ... We look forward to bringing the promise of offshore wind to Virginia and North Carolina.

Robert Brockman, billionaire charged in tax evasion case, dies at 81

Yahoo Daily News 07 Aug 2022
... ever tax charge against an individual" in the U.S ... At issue in the criminal case against Brockman was the allegation that he avoided taxes through an offshore charitable trust that prosecutors said was secretly controlled by him — and which he said was independent.Story continues.

Surprise Manchin-Schumer deal has much to like

The Day 07 Aug 2022
If the corporate taxes it envisions do indeed curb deficit growth, that could reduce inflationary pressures ... Corporations have a way of avoiding taxes, such as the 15% minimum corporate tax contained in the bill, including by moving assets to offshore tax havens ... Caps would make this a middle-class tax benefit.

Wealthy Americans escape tax hikes in bill but will face beefed-up IRS

The Keene Sentinel 06 Aug 2022
Wealthy Americans dodged getting hit by tax increases in the Democrats’ economic package, but they likely will face a much better-funded Internal Revenue Service equipped with new auditors and technology to uncover tax avoidance ... cryptocurrencies and offshore investments.

Shell and BP to share in huge giveaway that will blow hole in gains from ...

The Daily Mail 06 Aug 2022
BP and Shell are among the firms that will benefit from new tax breaks, despite BP boss Bernard Looney comparing his firm to a 'cash machine' ... Tessa Khan, director of campaign group Uplift, said Britain's tax regime 'makes UK waters the most profitable in the world for new offshore oil and gas fields.

How Alex Jones enriched the elites | Opinion

Alternet 06 Aug 2022
This article was produced by Economy for All, a project of the Independent Media Institute ... The latest lawsuit is one of several brought by parents of Sandy Hook victims ... Billionaires and even many world leaders have hidden their wealth from taxes and public view in offshore tax havens, thereby stealing revenues that could lift up the poor ... .

Sunak, Truss grilled in televised debate as they continue UK leadership campaign

Anadolu Agency 05 Aug 2022
  ... She was challenged by an audience member over her pledge to cut taxes to boost growth while maintaining, and in some instances increasing, public spending ... That's not responsible,” he said, in a swipe at Truss’ tax plans. One audience member told Sunak sharply ... Sunak also denied that he ever benefited from offshore tax havens ... 5. .

How Alex Jones helped enrich the global elites he railed against

Raw Story 05 Aug 2022
The latest lawsuit is one of several brought by parents of Sandy Hook victims ... His own lawyer said it best ... Jones2007 film, “Endgame ... The film is still available on Amazon ... Billionaires and even many world leaders have hidden their wealth from taxes and public view in offshore tax havens, thereby stealing revenues that could lift up the poor ... .

Tax fraud of Shakira to Sachin Tendulker

Blitz 04 Aug 2022
They have all set up companies “offshore,” in places like the ...

Dining across the divide: ‘I was bewildered when she said Donald Trump was intelligent’

The Observer 04 Aug 2022
She didn’t seem to like the idea that people actually want to make a profit from business – if you tax them more, or make them pay a living wage, there’ll be no incentive for them to do business ... I said that the proportion of people who are doing tax avoidance and using offshore accounts is not significant enough to make a difference to the economy.

Inflation Reduction Act: Will Sinema sacrifice the planet to save corporate profits?

People's World 03 Aug 2022
The bill strips from the BBB some provisions like the child tax credit ... It provides corporate tax credits to produce solar and offshore wind farms, geothermal infrastructure, batteries, and green technology production facilities ... The IRA does not raise taxes on workers making less than $400,000 annually.

Chris Freind: Vote down Schumer-Manchin tax hike bill

The Trentonian 03 Aug 2022
“If you want more of something, subsidize it; if you want less of something, tax it.” ... Putting his money where his mouth was, he ushered in the era of Reaganomics by cutting taxes and trying to get a handle on spending — which led to a massive revitalization of America’s economic engine ... corporate tax rate from 35 to 21 percent.

Letter: Free market ideology distorts CHIPS bill's promise

Reflector 03 Aug 2022
Looking through a gauzy fabric distorts what we see. So too does ideology alter the believer’s view of reality ... Incentives for manufacturers will largely be grants of money and/or tax relief. Since the goal is to build factories here, grant money cannot be used to expand offshore plants or to buy back shares ... Don Clement. Greenville ... .

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Nigel Farage (33022226251)
Creative Commons / Gage Skidmore from Peoria, AZ, United States of America
File - U.S. Secretary of Defense Leon Panetta, center, walks with Army Maj. Gen. Robert Abrams, right, the commanding general of the 3rd Infantry Division and Regional Command South, and Command. Sgt. Maj. Edd Watson, the senior enlisted adviser for the division and the command, at Kandahar Airfield in Kandahar province, Afghanistan, Dec. 13, 2012.
US DoD / Sgt. Ashley Curtis, U.S. Army