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IRS Scandal Fast Facts - Local News 8

IRS Scandal Fast Facts - Local News 8
localnews8.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from localnews8.com Daily Mail and Mail on Sunday newspapers.

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IRS Scandal Fast Facts

IRS Scandal Fast Facts
kvia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kvia.com Daily Mail and Mail on Sunday newspapers.

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Biden wants to crack down on corporate tax loopholes, resuming a battle his predecessors lost

Biden wants to crack down on corporate tax loopholes, resuming a battle his predecessors lost
David J. Lynch
President Biden speaks in the East Room of the White House last week. (Andrew Harnik/AP)
President Biden wants to stop U.S. companies from hiding their profits in offshore tax havens such as the Cayman Islands and Bermuda. He’ll hardly be the first Oval Office occupant to try.
When President Barack Obama wanted to stop U.S. corporations from using a tax dodge he scorned as “unpatriotic,” the Treasury Department rewrote the rules governing cross-border deals known as inversions.
Such maneuvers allowed U.S. multinational corporations to effectively transform themselves for tax purposes into foreign companies by merging with an overseas business. American icons such as Sara Lee had used the technique in recent years and dozens of other companies were said to be readying similar moves when the Treasury Department acted in Sept ....

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Corporations avoid tax bills despite reform efforts - The Washington Post

Corporations avoid tax bills despite reform efforts - The Washington Post
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

United States , United Kingdom , Cayman Islands , Janet Yellen , Donald Trump , Kim Clausing , Uk Burger King , Michael Mundaca , Rohit Kumar , Jack Lew , Alan Viard , Revenue Service , Oval Office , American Enterprise Institute , Congressional Budget Office , Institute On Taxation , Organization For Economic Cooperation , Synergy Health Holdings Of The United Kingdom , Treasury Department , Tim Hortons , Commerce Department , Ernst Young , Reed College , Obama Treasury Department , Sara Lee , Treasury Secretary Jack Lew ,

Citing Sanctions, Foreign Minister Says Russia is 'Working Actively' to Move Away From the US Dollar

By Dimitri Simes
| April 14, 2021 | 6:39pm EDT
Russian Foreign Minister Sergei Lavrov. (Photo by Antonio Masiello/Getty Images)
Moscow (CNSNews.com) – Russia is “working actively” to move away from the U.S. dollar and Western payment systems, Foreign Minister Sergei Lavrov said during a visit to Iran this week.
During an interview with Iran’s state-owned IRNA news agency. Lavrov argued that U.S. sanctions against the Iranian regime made “it important to step up efforts to reduce risks associated with sanctions and potential expenses for economic operators.”
“In particular, gradual steps should be taken to move towards de-dollarization of national economies and transition to payments in national or alternative currencies, as well as to stop using international payment systems controlled by the West,” he said. “Russia has been working actively to that end. We see great prospects for cooperation in that field w ....

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