• Archives

  • Blog Stats

    • 671,180 hits
  • Categories

  • Advertisements

Corporations may dodge billions in U.S. taxes through new loophole: experts

The big corporations benefit yet again from “tax reform” while the rest of us get the crumbs. This happens no matter which party is in power.

Justice League

A loophole in the new U.S. tax law could allow multinational corporations like Apple Inc to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts.

Stemming from a Republican overhaul of international business taxes, the loophole involves the tax rates – 15.5 percent or 8 percent – that companies must pay on $2.6 trillion in profits they are holding abroad.

By manipulating their foreign cash positions, a determining factor under the new law, a U.S. multinational could potentially save money by shifting profits to the lower rate from the higher one, according to Stephen Shay, a senior lecturer at Harvard Law School.

The savings could amount to more than $4 billion in Apple’s case alone, he said.

Read on.

View original post

Advertisements

Student Debt Slavery: Bankrolling Financiers on the Backs of the Young — WEB OF DEBT BLOG

Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors. The advantages of slavery by debt over “chattel” slavery – ownership of humans as a property right – were set out in an infamous document called the Hazard Circular, reportedly circulated by British banking interests among their American banking counterparts during the American Civil […]

via Student Debt Slavery: Bankrolling Financiers on the Backs of the Young — WEB OF DEBT BLOG

The British and American banking interests have colluded to get as many people as possible into debt slavery.  They are the same banking interests that were going to charge President Abraham Lincoln an interest rate of between 19-24% and this was at a time when the interest rate on United States Treasury bills was around 1%!!!

The Matrix Revealed: Cartels That Run The World — Jon Rappoport’s Blog

The Matrix Revealed: Cartels That Run The World by Jon Rappoport December 16, 2017 The following information comes from insider interviews with Ellis Medavoy and Richard Bell, two people I interview extensively in my collection, The Matrix Revealed. This is just a brief taste of what they have to say… Major institutions on this planet […]

via The Matrix Revealed: Cartels That Run The World — Jon Rappoport’s Blog

Informative article.  I have heard that there about 10 or so large corporations that produce almost everything that the average person in the United States buys.

Wall St. traders secretly used chat rooms to rig Treasury bond prices: suit

In my personal opinion the big banks and the rest of Wall Street are rigging the gold market as well in addition to most of the other markets.

Justice League

Wall Street banks secretly shared client information in online chat rooms in order to rig auctions for the $14 trillion US Treasurys market, according to an explosive lawsuit filed in Manhattan federal court on Wednesday.

The move wrongly fattened the banks’ profits and picked profits from clients, the suit claims.

The new accusations, leveled by several pension funds and wealthy individual investors, are contained in an expanded class-action suit originally filed in July 2015 — and include an unusual twist: Some of the evidence came from confidential informants and one of the banks sued in the earlier action.

Read on.

View original post

Home Prices Are Back At Housing Bubble Levels — considertheconsumer

Home prices have returned to the lofty levels they reached 10 years ago, just before the market crashed in a wave of foreclosures. But today’s housing market is very different from the one in 2006, according to Danielle Hale, chief economist at realtor.com. In 2006, the housing market was fueled by plentiful mortgage money and lenient…

via Home Prices Are Back At Housing Bubble Levels — considertheconsumer

This article is incorrect in my opinion as sub-prime mortgages and low documentation loans are making a comeback. It is only a matter of time until the current housing bubble bursts.

The Public Bank Option – Safer, Local and Half the Cost — WEB OF DEBT BLOG

Phil Murphy, a former banker with a double-digit lead in New Jersey’s race for governor, has made a state-owned bank a centerpiece of his platform. If he wins on November 7, the nation’s second state-owned bank in a century could follow. A UK study published on October 27, 2017 reported that the majority of […]

via The Public Bank Option – Safer, Local and Half the Cost — WEB OF DEBT BLOG

Hopefully Phil Murphy will follow through with his plans for a state-owned bank if he wins the election and becomes the next governor of New Jersey.

Regulation Is Killing Community Banks – Public Banks Can Revive Them — WEB OF DEBT BLOG

Crushing regulations are driving small banks to sell out to the megabanks, a consolidation process that appears to be intentional. Publicly-owned banks can help avoid that trend and keep credit flowing in local economies. At his confirmation hearing in January 2017, Treasury Secretary Stephen Mnuchin said, “regulation is killing community banks.” If the process is […]

via Regulation Is Killing Community Banks – Public Banks Can Revive Them — WEB OF DEBT BLOG

This blog post is not surprising as Senator Dick Durbin once said in discussing the United States Senate that the banks “Frankly own the place”.

%d bloggers like this: