Taxes

5:32pm

Fri September 21, 2012
It's All Politics

Romney's 2011 Tax Return Gives More Fodder To Critics Who Already Had Surplus

Originally published on Fri September 21, 2012 5:34 pm

Mitt Romney waves to supporters as he arrives at a rally Friday in Las Vegas.
Julie Jacobson AP

Mitt Romney's Friday release of his 2011 tax return puts that issue back in the headlines just when it had slipped largely off many people's radar screens.

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12:19pm

Fri September 21, 2012

2:10am

Fri September 21, 2012
Planet Money

The Downside Of Tax Havens? Paperwork.

Originally published on Fri September 21, 2012 1:44 pm

Unbelizable and Delawho? company documents, along with our official company stamp.
Lam Thuy Vo NPR

We were curious how hard it would be to set up an offshore company, so this summer we bought two. We at Planet Money are now the proud owners of "Unbelizable Inc." in Belize and "Delawho? LLC" in Delaware. The whole process was quick and easy.

At least that's how it seemed at first — until we got an email from David Buckley, a tax lawyer at Rogin Nassau, telling us we had just walked into an IRS sinkhole.

Buckley described it as "a minefield of U.S. tax obligations," and he said he was worried about me. (The companies are in my name.)

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4:05pm

Thu September 20, 2012
The Two-Way

Senate Report: Multinationals, Including Microsoft, Avoided Billions In Taxes

Microsoft headquarters in Redmond, Wash.
Elaine Thompson AP

According to a Senate investigations subcommittee, Microsoft Corp., Hewlett-Packard Co. and other multinational corporations took advantage of an ambiguous U.S. tax code to avoid paying billions of dollars in taxes.

Here's how Bloomberg wraps it up:

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3:31pm

Thu September 20, 2012
Election 2012

Parties Debate Meaning, Value Of 'Redistribution'

Originally published on Thu September 20, 2012 4:19 pm

Mitt Romney speaks in Miami on Wednesday.
J Pat Carter AP

Cuban-Americans know a thing or two about what can happen when a government seizes wealth and redistributes it, as Fidel Castro's regime did five decades ago in Cuba.

So Mitt Romney had an especially receptive audience Wednesday night at a rally of Cuban-Americans in Miami, when he launched his campaign's latest line of attack on President Obama.

"He said some years ago something which we're hearing about today on the Internet," Romney told the crowd. "He said that he believes in redistribution."

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