Category: Verizon

‘Unavoidable’ Netflix Tax enters Parliament

Australian Treasurer Scott Morrison says overseas companies selling digital products to Australians will not be able to avoid paying the GST. The so-called Netflix Tax that would see overseas-based businesses selling digital products to Australians collect 10 percent GST has entered the House of Representatives. Introduced by Treasurer Scott Morrison,...

Kelly Conklin: Wal-Mart’s tax shelter is bad for small businesses

Recent revelations that Wal-Mart, the world’s biggest corporation, is maintaining secret subsidiaries in well-known offshore tax havens are outrageous but far from surprising to small business owners. That’s because we’re used to seeing large corporations abuse the tax system in ways that hurt our businesses, communities and families. Wal-Mart’s hidden...

Walmart’s tax havens hurt small businesses

Recent revelations that Walmart, the world’s biggest corporation, is maintaining secret subsidiaries in well-known offshore tax havens are outrageous but far from surprising to small business owners. That’s because we’re used to seeing large corporations abuse the tax system in ways that hurt our businesses, communities and families. Walmart’s hidden...

Offshored jobs returning to mid-size U.S. cities

Verizon consolidated nearly 1,500 finance operations staff from more than 300 U.S. locations into service centers in Lake Mary, Fla., and Tulsa, Okla., indicative of a trend among companies placing business service operations in mid-size U.S. cities rather than offshore locations such as India, according to a new report. The...

Financial Function Slowly Returns to the U.S.

After a decade of “offshoring,” financial executives are making the decision to bring some work home. Cities like Hyderabad and Bangalore being replaced with more familiar names like Syracuse and Jacksonville as more companies bring finance jobs back to the states after a decade of “offshoring.” Mid-size U.S. cities are...

US Corporate Giants Pay More to CEOs than in Federal Taxes

Seven of the biggest U.S. corporations received billions of dollars in tax refunds from the Internal Revenue Service, while dolling out an average of US$17.3 million to CEOs. While Congress is set to renew a slew of corporate tax breaks, new research published Tuesday found some of United States’ biggest...