Category: Qualcomm

Ex-Qualcomm exec gets $500k fine, jail time for insider trading

(MENAFN – The Peninsula) A former high-ranking executive of US computer chip giant Qualcomm was fined 500,000 and sentenced to 18 months in prison Friday for insider trading, US officials said. Jing Wang, 52, the former executive vice president and president of global business operations at Qualcomm pleaded guilty last… – Continue reading

Studies show, Congress Favors the Rich

When Hillary Clinton recently borrowed Elizabeth Warren’s talking points and claimed “the deck is still stacked in favor of those at the top” (in our economic and political system) against regular working people, did she mention reforming the tax code — and then offer any solutions? The simple answer is… – Continue reading

Offshore tax havens help dozens of companies avoid paying nearly 600 billion in taxes

Apple is worth roughly 700 billion dollars. Microsoft is worth rough 70 billion. Over the past few years, congressional hearings exposed how both companies moved money overseas to avoid paying U.S. taxes. But as a new report shows, Apple and Microsoft are two of dozens of companies who take part… – Continue reading

Apple to IBM hoard $206b abroad to avoid US tax

The largest US-based companies added $206 billion to their stockpiles of offshore profits last year, parking earnings in low-tax countries until Congress gives them a reason not to. The multinational companies have accumulated $1.95 trillion outside the US, up 11.8 per cent from a year earlier, according to securities filings… – Continue reading