abusive transfer pricing: accounting “con” …

abusive transfer pricing: accounting “con” …

Heather A. Lowe of the GFI (Global Financial Integrity, a research and advocacy organization in Washington, DC) wrote an article in the Huffington Post about creative accounting loopholes that allow:

quote<<

one unnamed, multinational American tech company generated up to 55 percent of its revenue within the United States while only reporting that 10 percent of its pre-tax income was generated domestically — reducing its tax bill and increasing its net profits. In fact, abusive transfer pricing enabled Google to avoid $3.1 billion in taxes from 2007 to 2009 and enabled Pfizer to dodge roughly $1 billion in taxes in 2009 according to Bloomberg News.

>> unquote

 

That’s a very strange system.  So, the Tax codes are complicated *on purpose*, and Public Laws affecting taxation are worse than cryptic crossword puzzles.  The US is not alone in this; but just to say, IRS and Tax code is all collated under United States Code  : Title 26 – INTERNAL REVENUE CODE.

If you finish reading that, please drop me a note 🙂

http://www.law.cornell.edu/uscode/text/26.

100 chapters … sections with numbers in the 9000s … >>

TITLE 26 / Subtitle K / CHAPTER 100 / Subchapter C / § 9834 

[the end]

US is not alone, tax heaven also in UK ! and Cayman!

 

Published
Categorized as History

About: Raoul (King case)

About: Raoul (King case)

Sense0fthis mentions a CNN report that lead Sense0fthis to read William Pepper’s book: “Orders to Kill”.  Sense0fthis tells what he/she makes of “Raoul”, and the State’s case (1968-1969)  against James Earl Ray in the matter of the Martin Luther King assassination.
 
Published
Categorized as History

A study on modern conservatism and the US South

A study on modern conservatism and the US South

Abraham Lincoln was a Republican, so it always seemed strange to me that the Red States tended to vote Republican.  Of course, there was Reconstruction after the US Civil War.

In his book on political science that also touches on the Dixiecrats (Southern voters that were disenchanted with the Democrat Party in the era of Civil Rights and de-segregationism), Joseph E. Lowndes (the author of the book published by Yale University Press) covers a lot of complex material, unfamiliar to Canadians like me.

Judging from the References and from browsing the text on the Governor Wallace supporters, it seems to me at first glance to be a helpful and useful contribution to understanding of the Southern vote in the 1960’s and afterwards.

 

Published
Categorized as History

video on the Martin Luther case (Part II)

video on the Martin Luther case (Part II)

This continues the narrative in Part I that was the subject of the previous post.  In Part II, people who were near Memphis, TN when King was shot are interviewed.  Archival footage is shown.  Former Ambassador Andrew Young and King family members are interviewed.  Also, William Pepper, who represented the King family in a wronful death civil lawsuit from 1999.  Lastly, Leroy Fletcher Prouty is also interviewed.

Published
Categorized as History

trailer for Americathon

trailer for Americathon

This is one of the few movies that I know of prominantly featuring bankruptcy. In this comedy, the US goes bankrupt and the President comes up with the idea of a telethon to raise money for the country.

 

Published
Categorized as History

HSCA activities&report, 11/17/1978

HSCA activities&report, 11/17/1978

Preview of November 17, 1978 article page A1 article on the deliberations of the House Select Committee on Assassinations.  The full article is behind a pay-wall.  Please see my post about Dr. Pepper where he says that an article on the Alton (Ill.) bank robbery and the Ray brothers appeared on November 17, 1978 in the New York Times.  The dates match.  In any case, this here at the link above is only a preview of the full article on page A1 of date.

 

Published
Categorized as History

about the Alton bank robbery, Illinois, 1967

about the Alton bank robbery, Illinois, 1967

Quote:

On November 17, 1978, the New York 11mes published a front-page article by Wendel Rawls, Jr., stating that the results of a Times investigation agreed with the conclusions of a separate  investigation by the HSCA that the Ray brothers, including Jerry, were guilty of robbing the Alton bank.

And quote:

Assistant Attorney General Heymann and Alfred L. Brantman, chief of the General Crimes Section of the Criminal Division, forcefully declined to consider any prosecution, declaring that “there is no existing or anticipated or other evidence to link John Ray or  James Earl Ray to that robbery.”

(Very interesting, Dr. William Pepper  .)

 

Published
Categorized as History

Why I don’t watch US mainstream media

Because the sense of balance is deficient, in my opinion. Too many things are either discussed too much or too litlle.  See e.g. this program by SkyTV of the United Kingdom:

Published
Categorized as History

documentary movie “The Central Park Five”

documentary movie “The Central Park Five”

It’s a documentary made by Ken Burns and released in 2012.  It’s about the wrongful conviction of 5 dark-coloured men in the rape of the so-called Central Park Jogger, in 1989.  The movie didn’t make the shortlist for Best Documentary (Academy Awards).  “The Progessive” interviewed Ken Burns here:

http://www.progressive.org/ken-burns-interview

 

Published
Categorized as History

On the workings of perception management

On the workings of perception management

James Bamford in 2005 wrote an article for Rolling Stone on The Rendon Group, a private company that got contracts from agencies or departments of the US Government to assist in “Perception Management”, which some might call “spin”.  There’s a response in several points by the Rendon Group.  The story by Bamford is a long one.

Published
Categorized as History Tagged

about the Rockefellers

about the Rockefellers

It’s a two-hour video about the Rockefellers.  I like the pre-1900 part about John D. Rockefeller and the Standard Oil company.  They operated as a quasi-monopoly eventually and the company was broken-up for anti-competitive practices.  Standard Oil made kerosene which was used in lamps.  It was before the automobile in the early days.

 

Published
Categorized as History

On the role of clearinghouses

On the role of clearinghouses

This article over at Bloomberg explains the role of clearinghouses, the impact of the Dodd-Frank legislation and presents views of a variety of people knowledgeable on swaps contracts on “risky scenarios” . So, it’s probably a good article to read, and the comments too!

 

Published
Categorized as History Tagged

ITU ITRs and Dubai

ITU ITRs and Dubai

US Ambassador to ITU (or something) addressed ISOC-DC on what happened in Dubai.  There’s a Telecom Treaty.  It’s up for renewal.  “I need to go to the ITU.” Yes. Why?  There’s a division on Internet governance from delegations at Dubai. Etc. Etc.

ζ Reticuli

See Wikipedia article on the star Zeta Reticuli, because in pseudo-science of a self-declared abductee by aliens, the aliens who channeled him/her were from this “solar system” … So, this pseudo-scientist advanced and propagated the Nibiru/Planet X story.  Reference:  http://en.wikipedia.org/wiki/Zeta_Reticuli  

Published
Categorized as History

Guardian book review: “”Exiled From Almost Everywhere | (novel’s author: Juan Goytisolo)”

Guardian book review: “”Exiled From Almost Everywhere | (novel’s author: Juan Goytisolo)”

This novel, originally in Spanish, mixes Alice in Wonderland, “Down the rabbit hole”, a bit of Borges, and twisted fiction …

Reviewed at the Guardian by Alberto Manguel, this work is classified there as science fiction.  The reviewer writes in part:  <<Goytisolo creates a nightmarish but coherent universe>> .

Far-out, Mr Goytisolo !

 

my source for “Countdown” in Javascript

my source for “Countdown” in Javascript

I’m making this post to give proper attribution.  My version, which I run from a file on my system, using the browser, adds 6 hours and 12 minutes to “countdown” to the Winter solstice.  It works for the Eastern Time zone (US/Canada/?).

WordPress doesn’t allow (disables) javascript running from “untrusted sources” in Text posts, which seems sensible.  But code in hypertextual links (to other web pages not on WordPress) such as the link to the originator here in “links” will or can work.

Winter solstice countdown, javascript code, version 2

[sourcecode language=”javascript”]<br />&lt;html&gt;<br />&lt;head&gt;<br />&lt;script language="JavaScript"&gt;<br /><br />function countdown(){<br />    //Getting dates in Unix Time, and finding the difference between the current time, and expiration date.  Dividing the UTC time by 1000 to get the Unix Time<br />    expire = parseInt(Date.parse("Dec 21, 2012")/1000); //End Date<br />    var now = new Date();<br />    var current =… Continue reading Winter solstice countdown, javascript code, version 2

Published
Categorized as History

Countdown to Winter solstice, valide in Eastern Standar Time (javascript)

<html> <head> <script language=”JavaScript”> function countdown(){ //Getting dates in Unix Time, and finding the difference between the current time, and expiration date. Dividing the UTC time by 1000 to get the Unix Time expire = parseInt(Date.parse(“Dec 21, 2012”)/1000); //End Date var now = new Date(); var current = parseInt(now.getTime()/1000); var diff_seconds = expire – current;… Continue reading Countdown to Winter solstice, valide in Eastern Standar Time (javascript)

Published
Categorized as History

copy/paste test 1b

9591953092186117381932611793105118548074462379962749567351885752724891227938183011949129833673362440656643086021394946395224737190702179860943702770539217176293176752384674818467669405132000568127145263560827785771342757789609173637178721468440901224953430146549585371050792279689258923542019956112129021960864034418159813629774771309960518707211349999998372978049951059731732816096318595024459455346908302642522308

Published
Categorized as History

copy/paste test 1a

3.14159265358979323846264338327950288419716939937510582097494459230781640628620899862803482534211706798214808651328230664709384460955058223172535940812848111745028410270193852110555964462294895493038196442881097566593344612847564823378678316527120190914564856692346034861045432664821339360726024914127372458700660631558817488152092096282925409171536436789259036001133053054882046652138414695194151160943305727036575,

Published
Categorized as History