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The state's pension fund system voted to urge three big corporations it invests in to abandon their offshore headquarters and return to the United States.
The House approved a measure that would ban any company that establish an offshore headquarters to evade American taxes from holding contracts with the Department of Homeland Security, and the Senate passed a similar measure regarding contracts with the Pentagon.
The Syrian Brotherhood, exiled since suffering gory massacres at the hands of the country's Baathist rulers in the 1980s, long despised Hamas for maintaining its offshore headquarters in the Syrian capital, Damascus.The Brotherhood's preparation for power has only deepened geographical divides.
Finally, we should close tax loopholes, end tax dodges, like corporations establishing fake offshore headquarters to avoid taxes, and ending job-killing policies like basing business taxes on payroll, which only forces good-paying jobs out of state.
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Tax its profits, tax its wealthy shareholders, and deny companies their subsidies and tax advantages for offshore virtual headquarters.
He was the lead proponent of a bill to require federal contractors to pay federal taxes for workers hired through offshore shell headquarters.
2. Offshore corporate headquarters When the company has the majority of its operations in the United States, but holds one shareholder meeting every year in Bermuda (or the Cayman Islands or some other well-known tax shelter) in order to claim the island as its base of operations (and avoid paying taxes), you are dealing with a corporate ethos of flaunting the rules.
Iberdrola, the Spanish owner of ScottishPower (another utility), and one of the world's biggest generators of renewable energy, has placed its global offshore-wind headquarters in Glasgow.
Ninety per cent of the owners of capital in London have their headquarters offshore.
On Thursday, in an effort to pay for a broader tax cut, the Senate Finance Committee approved a provision to increase taxes on companies that move their headquarters offshore.
Three weeks ago, Representative Dick Armey of Texas, the House majority leader, aggressively defended corporations that move their headquarters offshore to avoid American taxes.
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