The new U.S. tax law will put an end to Puerto Rico’s longtime status as a tax shelter for U.S. multinational companies. Companies will now have to pay 12.5 percent on what they make on the island. One-third of Puerto Rico’s tax base now comes from medical manufacturers. If they flee, it would mean more […]
Leaders of the world's richest countries meet in Northern Ireland today for their annual G8 summit. They will talk about the conflict in Syria, but also about international tax avoidance.
Not all of Apple's untaxable billions are overseas. Some are held right here in the U.S., protected because the accounts are foreign owned. Welcome to the tax-shelter island otherwise known as Manhattan.