Is it America's moral duty and global responsibly to make sacrifices in our own lives to help other people in other countries to raise their standard-of-living?
Some people will use that argument to defend their practices of offshoring jobs overseas to low-wage countries, making it appear that somehow our "job creators" are doing something noble for humanity.
James Kwak hit the nail(s) on the head about our corrupt tax system that mostly benefits the very rich. Here are three tax avoidance strategies that he brings to light --- and says these three tax schemes top his list for the ones most in need of tax reform...
Yet another Senate report, yet another bank is busted for tax evasion. The Senate permanent subcommittee on investigations has released a report on Credit-Suisse bank detailing their systemic offshore tax evasion of U.S. funds.
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
Hurricane Hype for Advertising Bucks
In the wee hours of Saturday morning, MSNBC had some knuckle head reporter position himself on the Outer Banks so it gave the illusion waves were lapping at his back. Stay Safe was said during every interview in a voice of dire concern, the reporter would be swept out to sea, live on air. With that, we bring you Get Real: Hurricane Irene Should Be Renamed Hurricane Hype:
President-elect Barack Obama plans to crack down on international tax havens, including Jersey, Guernsey and the Isle of Man, within weeks of taking power in January, putting him on a collision course with Gordon Brown.
There is growing international pressure to outlaw the secretive practices of tax havens as a key part of reforms to the world's battered financial system, as the leaders of the world's 20 most powerful economies gather for a major conference in Washington next weekend....
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