This article was produced for ProPublica’s Local Reporting Network in partnership with The Seattle Times. Sign up for Dispatches to get stories like this one as soon as they are published. Reporting Highlights Job Promises: Washington lawmakers approved a tax break for data centers to create more jobs in rural Washington, but they can’t say … Read more
POWER HUNGRY | Second in a Seattle Times and ProPublica series about the impact of data centers in Washington. This article was produced for ProPublica’s Local Reporting Network in partnership with The Seattle Times. Times Watchdog stories dig deep to hold power accountable, right wrongs and create change. This work is made possible by The … Read more
A growing number of wealthy Indians are reportedly seeking to switch their citizenships to havens that offer tax benefits, safety, better lifestyle options, and fewer regulations. A recent report by Henley & Partners, a global leader in residence and citizenship by investment, claims that nearly 4,300 Indian millionaires are expected to leave the country in … Read more
The IRS plans to shut down a tax loophole used by large, complex partnerships, allowing the U.S. Department of Treasury to raise an estimated $50 billion or more in revenue over 10 years. The move is the latest in a series of faltering efforts the IRS has taken to hold the ultrawealthy more accountable, and … Read more
“Just the FACTs” is a round-up of news stories and information regarding efforts to combat corrupt financial practices, including offshore tax haven abuses, corporate secrecy, and money laundering through the financial system. Send feedback or items for future newsletters to Thomas Georges at tgeorges@thefactcoalition.org Here is the State of Play FACT Calls on Congress to … Read more
Fact: The pharmaceutical industry pays the lowest effective tax rate in 2022 at 11.6%, with some companies like Pfizer and Abbvie paying even lower rates.
Lawmakers are working on passing legislation to create a more effective framework for the submission of wealth declarations by certain state officials and Politically Exposed Persons.
Cypriot authorities are monitoring five boats carrying around 500 migrants heading towards the island’s shores from Lebanon. Two boats were intercepted in international waters, negotiations are ongoing with Lebanon, and the fate of the remaining three boats is unknown. The operation involves Cypriot Marine Police and the National Guard, and the government has suspended the processing of asylum applications amid a sharp increase in the number of Syrians arriving from Lebanon.
Cypriot authorities pushed back five boats carrying around 500 migrants who started from Lebanon, believed to be from Syria. The authorities provided blankets and food before forcing the boats to turn back. It is unclear if the boats will return to Lebanon or try to reach Cyprus again. The Lebanese authorities did not want to take them back, leaving the migrants stranded at sea. The Mediterranean crossing remains the deadliest route for migrants, with over 3,000 deaths and disappearances recorded last year. The Cypriot operation was kept secret, with the Minister of the Interior declining to provide details. Nicosia suspended asylum applications due to an increase in Syrian arrivals from Lebanon, citing human rights violations in Syria. Pushbacks involve state measures to force refugees out without following legal procedures.
The text discusses the potential impact of corporate tax hikes on Canada’s productivity.