Cayman Islands

Profitable American companies paid just 12.6 percent of their profits in federal income taxes in 2010 -- well below the 35 percent federal corporate income tax rate, according to a new study by the Government Accountability Office. Read more...
After an investigation into whether HSBC had violated any local laws or regulations, CIMA has revoked the banking license of HSBC S.A. (Cayman Islands Branch). Read more...
I don't expect we'll see any Republicans willing to support his legislation, but good for Sen. Sanders for doing this: Senator Introduces Bill To End Huge Corporate Tax Giveaway: Corporations offshoring profits costs both the federal government Read more...
It seems former President George W. Bush isn't too worried about giving Mitt Romney some bad press just before the election. As Steve Benen noted, the contrast between how Bill Clinton is spending his time these days and Bush couldn't be more stark Read more...
The Rev. Jesse Jackson has been arrested in a group of protesting northern Illinois workers during an act of civil disobedience in Freeport. Read more...

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With Election Day on the horizon, a Bain-owned company in Freeport, IL, is moving out equipment as it shuts down operations in the U.S. to ship 170 jobs overseas. On Monday, workers and community members blocked the loading dock for a second Read more...
I'm not sure if the Romney campaign actually thought continuing to ask questions about his tax returns was going to distract from the dismal news cycle he's had for the last week or two, and is somehow better than talking about his "47 percent" remarks at that fundraiser, but here we go with a Friday news dump and the release of his 2011 returns. Read more...
Senate Majority Leader Harry Reid (D-NV) says that leaked tapes insulting the 47 percent of Americans who don't pay income taxes as "dependant" on the government have given the world a "rare look at the real Mitt Romney." Earlier this year, Reid Read more...
From this Friday's Real Time with Bill Maher, Bill takes Mitt Romney to task for his carping over the made up non-controversy that President Obama supposedly wants to take the word God off of our money. And then you had the Republicans making a big Read more...
Former Ohio Gov. Ted Strickland delivered a barn burner of a speech at the 2012 Democratic National Convention this Tuesday night and landed some body blows to Mitt Romney for everything from his offshore tax havens to his vulture capitalism at Bain Read more...