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UK Blasts Starbucks, Google for 'Immoral' Tax Evasion

Starbucks vows to clean up its act

(Newser) - British lawmakers today accused Starbucks, Google, Amazon, and other major global companies of immoral tax avoidance, with Parliament's public accounts committee saying the government should "get a grip" on multinationals that exploit tax laws to move profits generated in Britain to offshore domains. The companies "are getting... More »

SEC Wants US Firms to Switch to International Accounting

Multinationals would change first under plan

(Newser) - The Securities and Exchange Commission is planning to require US companies to switch to international accounting rules, the Wall Street Journal reports. The body voted today to seek public comment on a plan for the transition, which would stagger requirements. Large multinational firms would be expected to voluntarily switch in... More »

Bush Rues Gun-Slinger Image

'I could have used different rhetoric' prez says on farewell swing

(Newser) - Looking back on his years in office, President Bush admitted yesterday he regrets using phrases like "bring 'em on,” and “dead or alive,” which “indicated to people that I was, you know, not a man of peace." In "retrospect I could have used... More »

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