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Show Me the Money
Swampland — ... I bet Obama's glad this report came out after the Senate voted to release the second half of the TARP funds.        ...

Report Finds Major U.S. Companies Have Offshore Tax Havens; Some are receiving bailouts
Democratic Underground Latest Breaking News — ... is to cut tax costs. The practice is legal, but Dorgan and Levin are hoping to gain the support of President-elect Barack Obama for legislation that would outlaw it.... To illustrate the problem, Levin said the report found that Citigroup has set up 427 tax haven subsidiaries to conduct its business, including 91 in Luxembourg, 90 in the Cayman Islands and 35 in the British Virgin Islands. He said other havens include Switzerland, Hong Kong, Panama and Mauritius.... Read more: http://www.washingtonpost.com/wp-dyn/content/article/20...

GAO: bailed out companies heavily use offshore tax havens
AMERICAblog News| A great nation deserves the truth — ... Especially in this climate, it's time to either make this available to everyone or shut it down for everyone. At a minimum, any company who wants to do business with the US government - and they're all free market phonies and freeloaders so they want do to this - eliminate them from applying for federal business if they're going to avoid paying federal taxes. Do it today. Two weights, two measures. ...

Some Companies Getting Bailed Out Have Offshore Tax Shelters
Crooks and Liars — Do you ever get the feeling that things are, oh, I don't know, a tad unbalanced in this country? A majority of America's largest publicly traded companies and the U.S. government's largest federal contractors -- including some receiving millions in federal bailout money -- use multiple subsidiaries in offshore tax havens to conduct business and avoid paying U.S. taxes, a new report finds. The new Government Accountability Office (GAO) report, released today by Sens. Byron L. Dorgan (D-N.D.) and Carl M. Levin (D-Mich.), lists ...