Recently in Reports Category
- Highlights Page (PDF) Full Report (PDF, 32 pages) Accessible Text
Concerns about transfer pricing abuse have led researchers to compare the tax liabilities of foreign- and U.S.-controlled corporations. (Transfer prices are the prices related companies charge on intercompany transactions.) However, such comparisons are complicated because other factors may explain the differences in reported tax liabilities. In three prior reports, GAO found differences in the percentages of foreign-controlled and U.S.-controlled corporations reporting no tax liability. GAO was asked to update the previous reports by comparing: (1) the tax liabilities of foreign-controlled domestic corporations (FCDC) and U.S.-controlled corporations (USCC)-including those reporting zero tax liabilities for 1998 through 2005 (the latest available data) and (2) characteristics of FCDCs and USCCs such as age, size, and industry. GAO analyzed data from the Internal Revenue Service's Statistics of Income samples of corporate tax returns. GAO does not make any recommendations in this report. In commenting on a draft of this report, IRS provided comments on technical issues, which we incorporated into this report where appropriate.
FCDCs reported lower tax liabilities than USCCs by most measures shown in this report. A greater percentage of large FCDCs reported no tax liability in a given year from 1998 through 2005. For all corporations, a higher percentage of FCDCs reported no tax liabilities than USCCs through 2001 but differences after 2001 were not statistically significant. Most large FCDCs and USCCs that reported no tax liability in 2005 also reported that they had no current-year income. A smaller proportion of these corporations had losses from prior years and tax credits that eliminated any tax liability. By another measure, large FCDCs were more likely to report no tax liability over multiple years than large USCCs. In 2005, comparisons of FCDCs and USCCs based on ratios of reported tax liabilities to gross receipts or total assets showed that FCDCs reported less tax than USCCs. FCDCs and USCCs differed in age, size, and industry. FCDCs were younger than USCCs in that a greater percentage had been incorporated for 3 years or less from 1998 through 2005. In 2005, FCDCs were larger on average than USCCs in that they reported higher average gross receipts and assets than USCCs. A comparison by industry in 2005 showed that large FCDCs were relatively more concentrated in manufacturing and wholesale trade, while large USCCs were more evenly distributed across industries. GAO did not attempt to determine the extent to which these factors and others, such as transfer pricing abuse, explain differences in tax liabilities.
By 2050, minorities will be the majority in America, and the number of residents older than 65 will more than double, according to projections released Thursday by the U.S. Census Bureau.
CAPE TOWN, May 30 (IPS) - When four-year-old Alice Were suddenly developed a fever, her mother Miriam took her to the local medicine woman close to her house in Kangemi, a poor, cramped settlement on the outskirts of the Kenyan capital, Nairobi. Two days later, Alice was unconscious. Her frantic mother rushed to hospital with the child in her arms. But it was too late. Alice died of malaria.
Cod caught off Norway is shipped to China to be turned into filets, then shipped back to Norway for sale. Argentine lemons fill supermarket shelves on the Citrus Coast of Spain, as local lemons rot on the ground. Half of Europe's peas are grown and packaged in Kenya.
WASHINGTON (AP) -- Short-term exposure to smog, or ozone, is clearly linked to premature deaths that should be taken into account when measuring the health benefits of reducing air pollution, a National Academy of Sciences review concludes.
Nearly 20,000 South Africans have been displaced by mining giant Anglo American in its search for platinum, a BBC File on 4 investigation has found.
Many of today's conflicts around the world are being fuelled or exacerbated by water shortages and climate change is only making the situation worse, Secretary-General Ban Ki-moon told the General Assembly today.
Leaked UN report says pollution three times higher than previously thought.
The true scale of climate change emissions from shipping is almost three times higher than previously believed, according to a leaked UN study seen by the Guardian.
The rising price of cereals such as wheat and maize is a "major global concern", the United Nations' Food and Agriculture Organization (FAO) says.
Foreign Secretary David Miliband has published an early draft of the UK's infamous dossier on Saddam Hussein's weapons of mass destruction.
Sheriff's deputies gunned down by "Aryan" gangsters in Bastrop, La. Tax protesters with bombs arrested in New Hampshire. Gun-toting white supremacists marching in Jena, La. A police officer murdered in Salt Lake City. Nativist leaders demanding sniper teams and mines along the Mexican border. Calls for assassinating politicians, immigrants and Jews. Rapidly spreading racist conspiracy theories.
NEW YORK - Anti-immigrant sentiment is fueling nationwide increases in the number of hate groups and the number of hate crimes targeting Latinos, a watchdog group said Monday.
Two-thirds of American families are earning more today than their parents did a generation ago, yet their likelihood of moving up—or down—the economic ladder still depends in large measure on their parents’ position, according to a new report issued by The Economic Mobility Project, an initiative of The Pew Charitable Trusts. Comprised of a Principals’ Group of experts from The American Enterprise Institute, The Brookings Institution, The Heritage Foundation and The Urban Institute, the project seeks to investigate the status of economic mobility in America.
Iraq war source's name revealed. BBC, 11/02/2007.
A US TV network has revealed the name of "Curveball" - an Iraqi man whose information was central to the US government's argument to invade Iraq.
Orders From The Top:
Retired General Dunlavey: Guantanamo Mission Came Straight From Bush, Rumsfeld. Lisa Thompson, 11/02/2007, Erie Times News.
When military investigators questioned Erie County Judge Michael E. Dunlavey about reported prisoner abuse during his tenure at the Guantanamo Bay camp for suspected terrorists, Dunlavey told them he got his “marching orders” from President Bush, according to a new book about U.S. policies regarding torture.
Easterling, William E. III; Brian Hurd, Joel B. Smith. June 2004 Coping with Global climate change: The Role of Adaptation in the United States
Development, Concepts and Doctrine Centre (DCDC). Strategic Trends Programme 2007-2036
IPCC. Feb 5, 2007. Climate Change 2007: The Physical Science Basis - Summary for Policy Makers
Global Business Network. January 2007. Impacts of Climate Change
Federal Ministry for Economic Cooperation and Development. Trafficking in Women Forced Labor and Domestic Work - in the context of the Middle East and Gulf region</a>. Anti-slavery International Working Paper 2006.
Leslie Page Moch: Moving Europeans. Migration in Western Europe since 1650.
By Gunnar Thovaldsen, Norwegian Historical Data Centre."Migration is becoming the most important branch of demography," wrote T.-H. Hollingsworth in 1970. And sure enough, during the next decade quite a number of books and articles appeared on both historical and contemporary migration research. Even so, this vast field was far from thoroughly explored, several local studies being started and concluded during the next decade also. That extensive migration has been going on regularly in most places for several centuries, has for long been an established fact. We had, however, to wait until recently for a comprehensive historical overview of migration in Europe as a whole. Earlier attempts were either cursory attempts in model-building or sociologically oriented surveys where historical migration research played second fiddle.²
