6 Stories

Manafort Had Murky Dealings Routed Through Cyprus: Report

Treasury investigating ex-Trump campaign chief's offshore financial transactions

(Newser) - US Treasury Department agents have recently obtained information about offshore financial transactions involving President Trump's former campaign chairman, Paul Manafort, as part of a federal anti-corruption probe into his work in Eastern Europe, the AP reports. Information about Manafort's transactions was turned over earlier this year to agents... More »

Snowden to Britain: Make David Cameron Step Down

Snowden, 'House of Cards' Twitter account both on PM's case after Panama Papers

(Newser) - "Now I work for the public" is part of Edward Snowden's Twitter bio , and he's trying to make good on that vow by motivating the good citizens of Britain to get British Prime Minister David Cameron to resign, the Independent reports. The NSA whistleblower's initiative comes... More »

Big Biz to US: We'll Haul in Offshore Loot for Tax Breaks

Repatriation holiday would be 'next stimulus,' they say

(Newser) - Top US firms are calling for temporary tax breaks to bring offshore profits into this country. Google, Apple, and Microsoft are among companies seeking what’s known as a repatriation holiday, asking Congress and the White House to drop the federal income tax rate on the money to 5.25%... More »

Ex-Banker Gives WikiLeaks Offshore Bank Account Data

Swiss whistleblower Rudolf Elmer aims to 'educate about offshore abuses'

(Newser) - A Swiss ex-banker gave WikiLeaks data today on some 2,000 individuals with offshore bank accounts, handing the data to Julian Assange himself at a London news conference. "He is clearly a bona fide whistleblower," the WikiLeaks founder said. "We have some kind of duty to support... More »

Cape Wind: All Ready to Build, No Buyers

Utilities turn noses up at half project's potential power

(Newser) - After years of review, lawsuits, and opposition, Massachussetts' Cape Wind is still, well, twisting in the wind: Even though it scored its first contract last month, half its power is still up for grabs with no buyers in sight. The controversial offshore wind farm, fiercely opposed by everyone from fishermen... More »

Cash-Strapped IRS Slashes Evasion Penalty

(Newser) - In an effort to increase revenue, the Internal Revenue Service is relaxing penalties on offshore tax evaders in hopes they will come forward, the New York Times reports. A penalty that was 50% of offshore holdings will drop as low as 5%. “They need to get money back into... More »

6 Stories