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Many Firms Pay CEOs More Than the Taxman

Business & Finance : Business from Newser

Many in Washington are calling for lower corporate taxes, but many US corporations have now become so adept at dodging the taxman that they’re paying their CEOs a lot more than Uncle Sam, according to a new study from a liberal thin...

Facebook paid £4,327 in UK corporate tax in 2014

Lifestyle / Green Living : CNET: News

The social network's UK branch paid less in corporation tax than the country's average worker pays in income tax, following a trend of Silicon Valley behemoths avoiding the taxman.

High Fashion’s Tax Troubles: Armani Pays Italian Taxman $373M For Overseas Evasion

News : Moral Hazard

Reports of Giorgio Armani settling a case of tax evasion through foreign subsidiaries for $373 million adds another heavy hitter to the list of high luxury names that settled with the Italian taxman, including Dolce & Gabbana, Bulga...

Corporations Save More Than $700B Via Offshore Tax Havens

News : Newsweek: US

This article originally appeared on the International Business Times. Corporations are stashing more and more of their profits overseas, taking advantage of legal loopholes to avoid paying hundreds of billions in U.S. taxes, says a ...

Facebook Increasing Credit Line To Pay Taxes On Employee Shares

Technology : ReadWriteWeb

Facebook wants to increase its $2.5 billion credit line, according to Reuters. The company declined comment but Reuters said the increased credit line will be used to pay taxes the company faces for employee stock awards after it go...


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