Hissyspit
Hissyspit's JournalTOM THE DANCING BUG: The Republican House of Horrors
http://boingboing.net/2016/04/13/the-republican-house-of-horror.html
Corporations Shifted A Half-Trillion Dollars To Offshore Tax Havens In 2012: Panama Papers
Source: International Business Times
Panama Papers: Corporations Shifted A Half-Trillion Dollars To Offshore Tax Havens In 2012
BY CLARK MINDOCK @CLARKMINDOCK AND DAVID SIROTA @DAVIDSIROTA ON
04/11/16 AT 1:37 PM
With the recent release of millions of secret documents from a Panama law firm that helps corporations and wealthy individuals reduce their tax liability, the spotlight is trained anew on tax avoidance. Companies with offshore outposts typically argue that those subsidiaries serve a legitimate business purpose. But now, on the heels of the global Panama Papers scandal, a new report suggests that in many cases the primary goal must be tax avoidance.
According to a review of the most recent IRS data by the watchdog group Citizens for Tax Justice, American corporations in 2012 housed more than a half-trillion dollars' worth of profits in just 10 small nations. The group said the smoking-gun proof that the schemes are about tax avoidance comes from Bermuda, the Cayman Islands, the Bahamas and Luxembourg, where the profits reported by U.S. corporations were larger than the entire reported gross domestic product of those countries.
"It is obviously impossible for American corporations to earn profits in a given country that exceed that country’s total output of goods and services," the report concluded. "Clearly, American corporations are using various tax gimmicks to shift profits earned in the U.S. and other countries where they do the bulk of their business into their subsidiaries in these tiny countries that impose little or no tax on corporate profits."
- snip -
The way this process works is fairly simple on a macro level. Corporations set up affiliated shell companies in countries where taxes are low or nonexistent and reroute payments and liabilities to serve their needs. For instance, the car service Uber processes payments outside of the United States through its shell corporation in Bermuda, a tax haven with a 0 percent tax rate, where it then posts its profits. That leaves less than 2 percent of its net revenue taxable by the United States, according to Bloomberg.
Read more: http://www.ibtimes.com/panama-papers-corporations-shifted-half-trillion-dollars-offshore-tax-havens-2012-2351814
Bruce Springsteen Cancels North Carolina Concert Because of HB-2 (Statement from Springsteen)
Source: Backstreets.com / ABC 11 WTVD-TV
SPRINGSTEEN CANCELS NORTH CAROLINA CONCERT BECAUSE OF HB-2
Updated 31 mins ago
GREENSBORO (WTVD) -- Bruce Springsteen canceled Sunday's concert in Greensboro, citing HB-2 and the rights of LGBT citizens.
Springsteen wrote in a statement to fans that the Public Facilities Privacy and Security Act is "an attempt by people who cannot stand the progress our country has made in recognizing the human rights of all of our citizens to overturn that progress."
Springsteen apologized to his fans on his website and tweeted a link to his entire statement. Tickets will be refunded at point of purchase.
SPRINGSTEEN AIN'T GONNA PLAY NC
As announced today, the E Street Band's River Tour stop planned for this Sunday night in North Carolina has been canceled, "with deepest apologies to our dedicated fans in Greensboro." Tickets will be refunded at point of purchase. The cancellation is, as Bruce Springsteen wrote in a statement published this afternoon on brucespringsteen.net, "in opposition to those who continue to push us backwards instead of forwards."
A statement from Bruce Springsteen on North Carolina
As you, my fans, know I’m scheduled to play in Greensboro, North Carolina this Sunday. As we also know, North Carolina has just passed HB2, which the media are referring to as the “bathroom” law. HB2 — known officially as the Public Facilities Privacy and Security Act — dictates which bathrooms transgender people are permitted to use. Just as important, the law also attacks the rights of LGBT citizens to sue when their human rights are violated in the workplace. No other group of North Carolinians faces such a burden. To my mind, it’s an attempt by people who cannot stand the progress our country has made in recognizing the human rights of all of our citizens to overturn that progress. Right now, there are many groups, businesses, and individuals in North Carolina working to oppose and overcome these negative developments. Taking all of this into account, I feel that this is a time for me and the band to show solidarity for those freedom fighters. As a result, and with deepest apologies to our dedicated fans in Greensboro, we have canceled our show scheduled for Sunday, April 10th. Some things are more important than a rock show and this fight against prejudice and bigotry — which is happening as I write — is one of them. It is the strongest means I have for raising my voice in opposition to those who continue to push us backwards instead of forwards
http://backstreets.com/news.html
Read more: http://abc11.com/entertainment/bruce-springsteen-cancels-north-carolina-concert-because-of-hb-2/1282869/
I live in North Carolina and have a Pit ticket to the show (a really good one where you can get close to the stage). This is ENTIRELY the fault of our idiot bigoted right-wing legislators, and our idiot governor, McCrory. The law should NEVER have been passed.
Please Re-Rec the LBN Sanders Win Thread...
It got locked as a duplicate (technically yes, but not really), but I have reposted it:
http://www.democraticunderground.com/12511656890
BERNIE SANDERS WINS WISCONSIN PRIMARY, ADDS TO MOMENTUM
Bernie Sanders Wins Wisconsin Democratic Primary, Adding to MomentumBy ALAN RAPPORT
APRIL 5, 2016
Senator Bernie Sanders won Wisconsin’s Democratic primary on Tuesday, according to The Associated Press, eating into Hillary Clinton’s delegate lead and extending his recent stretch of victories.
Mr. Sanders still faces an uphill fight for the Democratic nomination, but his message of economic populism continues to resonate with progressive voters.
While Mrs. Clinton was trailing in recent Wisconsin polls, she was working hard for a victory in the state. She now faces an important contest in New York later this month and will be under increased pressure to get her campaign back on track.
There were 96 delegates at stake for Democrats in Wisconsin.
http://www.nytimes.com/2016/04/06/us/politics/democratic-primary-results.html
ORIGINAL DISCUSSION: http://www.democraticunderground.com/10141403962
Senator Bernie Sanders of Vermont at a campaign event Friday in Sheboygan, Wis. Credit Eric Thayer for The New York Times
Bernie Sanders Wins Wisconsin Democratic Primary, Adding to Momentum
Source: New York Times
Bernie Sanders Wins Wisconsin Democratic Primary, Adding to Momentum
By ALAN RAPPEPORTAPRIL 5, 2016
Senator Bernie Sanders won Wisconsin’s Democratic primary on Tuesday, according to The Associated Press, eating into Hillary Clinton’s delegate lead and extending his recent stretch of victories.
Mr. Sanders still faces an uphill fight for the Democratic nomination, but his message of economic populism continues to resonate with progressive voters.
While Mrs. Clinton was trailing in recent Wisconsin polls, she was working hard for a victory in the state. She now faces an important contest in New York later this month and will be under increased pressure to get her campaign back on track.
There were 96 delegates at stake for Democrats in Wisconsin.
Read more: http://www.nytimes.com/2016/04/06/us/politics/democratic-primary-results.html?smid=tw-bna&_r=0
Senator Bernie Sanders of Vermont at a campaign event Friday in Sheboygan, Wis. Credit Eric Thayer for The New York Times
TOM TOMORROW: Trump Smash!
DAILY KOS LINK: http://www.dailykos.com/stories/2016/4/4/1508956/-Cartoon-Trump-SMASH
California Lawmakers OK Nation's Highest Minimum Wage
Source: Associated Press
California Lawmakers OK Highest Minimum Wage
Update at 5:38 PM
SACRAMENTO, Calif. (AP) - The Latest on a proposal to raise California's minimum wage to $15 an hour by 2022 (all times local):
2:35 p.m.
California lawmakers have approved the nation's highest statewide minimum wage of $15 an hour to take effect by 2022.
The legislation passed Thursday now goes to Gov. Jerry Brown, who is expected to sign it into law after previously working out the plan with labor unions.
Democrats who control both legislative chambers hailed the increase as a boon to more than 2 million of California's poorest workers and an example to the nation as it struggles with a growing gap between rich and poor.
The Assembly passed SB3 with a 48-26 vote. The Senate followed, 26-12. The increases would start with a boost from $10 to $10.50 on Jan. 1. Businesses with 25 or fewer employees would have an extra year to comply.
Read more: http://www.canadianbusiness.com/business-news/the-latest-california-lawmakers-ok-highest-minimum-wage/
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