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Panama Papers Identify US Firms

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gina
 gina
(@gina)
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That's right, you knew it wouldn't end with Cameron's relatives being found out, or Russia (who admit it), or the Saudi royal family getting caught sheltering their funds off shore.

For instance, General Electric has $119 billion, Microsoft $108 billion, Pfizer $74 billion, and Google parent Alphabet $47 billion.

http://presstv.ir/Detail/2016/04/14/460822/US-firms-stash-offshore-tax-havens-Oxfam/

Remarks: Guess they need those better trade deals Trump says he can make since the taxes as they are now seem to be cutting into their profits too much. Till then, China will try to help bail out our struggling economy. It will make the transition easier when the financial crash happens.

http://presstv.ir/Detail/2016/04/14/460810/China-investments-in-US-to-double/

Analysts say they expect Chinese companies to double their investments in the US in 2016 to as high as about $30 billion. By the end of 2015 more than 1,900 Chinese-affiliated companies were operating in the US across more than 80 percent of its congressional districts and employing some 90,000 people, said the report.

The study showed that only an eighth of China’s $120 billion in outward investment last year went to the US.

The report further added that California will be a top destination in coming years for a variety of Chinese investment in the US, which could reach $200 billion by 2020.

[Edited on 4/14/2016 by gina]


 
Posted : April 14, 2016 2:52 pm
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