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Everyone knows that massive corporations end up paying far less in taxes then they really should, and indeed, most avoid “paying their fair share”. While this fact seems to be common knowledge, many people do not know exactly how companies manage to do this.

One of the easiest things for companies to do is to put their division that collects and invests profits in a state with no corporate tax rate, such as Nevada, where Apple has placed its financial subsidiary, Braeburn capital. In addition, multi-national companies will place tiny offices in Read the rest of this entry »

Boris Johnson and Ken Livingstone face-off in London Mayoral Debate

Boris Johnson and Ken Livingstone met on April 4 in a debate that would help decide the mayoral race in London. These men are no strangers to one another, with Mr. Johnson calling Mr. Livingstone a liar on more than one occasion leading up to the debate. The debate also included Jenny Jones, of the Green party, and Brian Paddick from the Liberal Democrat party.

The debate began simply enough, with the moderator asking why each candidate believed the mayoral position to Read the rest of this entry »

Countries around the world are implementing austerity measures in order to lower their amount of debt. Such measures usually involve the firing of public employees and reductions in spending on public services. The goal is to revive economic growth by lowering budget deficits, but do such measures work?

Great Britain recently slipped into recession after implementing an austerity program, resulting in calls for a return to more public spending, something the British have rejected so far. “Debt and spending is Read the rest of this entry »

British Prime Minister David Cameron is in the center of a public hailstorm of criticism because of plans to increase state surveillance powers. Authorities in the UK may receive increased permissions to trace public phone calls, emails and texts as well as other online activity. Many civil liberties activists are calling the new proposals a sign of an impending police state and feel it will infringe on the public’s privacy.

Cameron and his cabinet are also backing plans to make Read the rest of this entry »

Is the ripple effect of a stone cast across the pond in Britain about to wash ashore in the USA? According to latest revelations involving News of The World, what happened in Britain may not stay there! One account maintains a British attorney is headed for or may already be in the United States preparing to appear on behalf of three clients rumored to involve Hollywood celebs, members of the late Princess Diana’s family and the English Soccer Association. In addition to phones of U.S. citizens being hacked, the attorney alleges one belonging to a British citizen, Read the rest of this entry »