Investigative reporter, Bloomberg @business. Formerly: @WSJ @Observer

Goldman-Busting Senate Committee Shifts From Wall Street Probes

bloomberg.com — A U.S. Senate investigative subcommittee, which has used its power for more than a decade to scrutinize corporations and financial institutions for wrongdoing, is shifting its focus to keeping tabs on the government. The U.S. Senate Permanent Subcommittee on Investigations is slated to hold its first hearing under new leadership on Thursday with a dive into the U.S.
Jul 29, 2015

Look Out, Washington: Goldman-Busting Senate Panel Now Sets Sights on Government bloom.bg/1Mxcuc6 via @business

Jul 29, 2015

Goldman-Busting Senate Committee Shifts From Wall Street Probes bloom.bg/1Mxcuc6 via @business

Jul 29, 2015

Influential Senate Investigations subcommittee turns away from digging into big business. My story w @RichardRubinDC bloomberg.com/news/articles/…

Jul 29, 2015

RT @JesseDrucker: Influential Senate Investigations subcommittee turns away from digging into big business. My story w @RichardRubinDC bloomberg.com/news/articles/…

Jul 29, 2015

RT @JesseDrucker: Influential Senate Investigations subcommittee turns away from digging into big business. My story w @RichardRubinDC bloomberg.com/news/articles/…

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Wal-Mart has $76 billion in overseas tax havens, report says

finance.yahoo.com — Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn't know it from reading the giant retailer's annual report. A new study has found Wal-Mart has at least 78 offshore subsidiaries and branches, more than 30 created since 2009 and none mentioned in U.S.
Jun 17, 2015

RT @AegisFS: Wal-Mart has $76 billion in overseas tax havens, report says - Yahoo Finance @grantstern @BrianBandell finance.yahoo.com/news/wal-mart-…

Wal-Mart has $76 billion in overseas tax havens, report says

sj-r.com — Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn't know it from reading the giant retailer's annual report. A new study has found Wal-Mart has at least 78 offshore subsidiaries and branches, more than 30 created since 2009 and none mentioned in U.S.

Wal-Mart has $76-billion in overseas tax havens, report says

bnn.ca — Wal-Mart Stores Inc. owns more than $76-billion (U.S.) of assets through a web of units in offshore tax havens around the world, though you wouldn't know it from reading the giant retailer's annual report. A new study has found Wal-Mart (WMT.N) has at least 78 offshore subsidiaries and branches, more than 30 created since 2009 and none mentioned in U.S.

Why Wal-Mart Set Up Shop in Italy

wsj.com — Retailer Has No Stores, As Tax Spat Lays Bare More than 4,500 miles separate a small Wal-Mart Stores Inc. office in Florence, Italy, from the company's dozens of Illinois retail outlets. But thanks to a convoluted tax arrangement, court records show, Wal-Mart's Italian operation has helped the giant retailer cut its state tax bill in Illinois by millions of dollars a year.
Jun 17, 2015

And part III from my 2007 series on WMT tax avoidance: Why Wal-Mart Set Up Shop in Italy on.wsj.com/14x8Kns

Inside Wal-Mart's Bid To Slash State Taxes

wsj.com — Ernst & Young Devises Complex Strategies; California Pushes Back In May 2001, Wal-Mart Stores Inc. issued an appeal to big accounting firms: Find us creative new ways to cut our state tax bills. Ernst & Young LLP swung into action. Senior tax experts at the big accounting firm swapped ideas via email and in a series of meetings.
Jun 17, 2015

Also from 2007. My story: Inside Wal-Mart's "Tax Shelter Room": on.wsj.com/12omxvH @WSJ

Wal-Mart Cuts Taxes By Paying Rent to Itself

wsj.com — Other Retailers, Banks Use Loophole in Rules To Lower States' Levies As the world's biggest retailer, Wal-Mart Stores Inc. pays billions of dollars a year in rent for its stores. Luckily for Wal-Mart, in about 25 states it has been paying most of that rent to itself -- and then deducting that amount from its state taxes.
Jun 17, 2015

Wal-Mart has long history of creative tax avoidance. My 2007 WSJ story: Wal-Mart Cuts Taxes By Paying Rent to Itself on.wsj.com/1AGXT72

Wal-Mart has $76-billion in overseas tax havens, report says

theglobeandmail.com — Wal-Mart Stores Inc. owns more than $76-billion (U.S.) of assets through a web of units in offshore tax havens around the world, though you wouldn't know it from reading the giant retailer's annual report. A new study has found Wal-Mart has at least 78 offshore subsidiaries and branches, more than 30 created since 2009 and none mentioned in U.S.
Jun 17, 2015

RT @globebusiness: Wal-Mart has $76-billion in overseas tax havens, report says trib.al/ihf9PTt

Jun 17, 2015

RT @globeandmail: Wal-Mart has $76-billion in overseas tax havens, report says flip.it/1PMXY

Wal-Mart Has $76 Billion in Undisclosed Overseas Tax Havens

bloomberg.com — Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn't know it from reading the giant retailer's annual report. A new study has found Wal-Mart has at least 78 offshore subsidiaries and branches, more than 30 created since 2009 and none mentioned in U.S.
Jun 17, 2015

Wal-Mart Luxembourg units report $1.3 billion in profits - and pay taxes at rate of less than 1% bloom.bg/1J40Nso w/ @Renee_Dudley

Jun 17, 2015

RT @JesseDrucker: Wal-Mart Luxembourg units report $1.3 billion in profits - and pay taxes at rate of less than 1% bloom.bg/1J40Nso w/ @Renee_Dudley

Jun 17, 2015

RT @JesseDrucker: Wal-Mart Luxembourg units report $1.3 billion in profits - and pay taxes at rate of less than 1% bloom.bg/1J40Nso w/ @Renee_Dudley

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Yahoo’s Alibaba spinoff complicated by potential IRS changes

theglobeandmail.com — Yahoo Inc. investors have reason to worry about the company's plan to exit its stake in Alibaba Group Holding Ltd. in the wake of new scrutiny by the Internal Revenue Service of such tax-free spinoffs, tax lawyers said. In January, Yahoo announced a plan to shed its shares in Alibaba, a stake then valued at almost $40-billion (U.S.).
More Articles →
Jul 30, 2015

Interesting piece in Guardian today: Private firms at heart of US drone warfare gu.com/p/4b48d/stw

Jul 30, 2015

RT @pdacosta: Bill Clinton freed Wall Street from regulatory 'shackles.' Then they paid him to speak. on.wsj.com/1SNMR5H pic.twitter.com/zga2Q1aF5W

Jul 29, 2015

RT @rebeccaballhaus: After Clinton got involved in a legal settlement deemed favorable for UBS, bank's donations to her found'n shot up: on.wsj.com/1SNMR5H

Jul 29, 2015

In which @powellnyt compares Tom Brady to Rose Mary Woods - and wonders why he couldn't ditch a cellphone on his own: nyti.ms/1IImpLv

Jul 29, 2015

RT @PBaxandall: Senate Committee on Investigations no longer investigates, shifts from corporate watchdog to lapdog bloom.bg/1Mxcuc6 @JesseDrucker

Jul 29, 2015

Glad to see this from the master, Wayne Barrett: How a Young Donald Trump Forced His Way From Avenue Z to Manhattan villagevoice.com/news/how-a-you…

Jul 29, 2015

RT @powellnyt: Senate no longer so interested in Corporate Criminals: Probing Apple, Goldman yields to beating up Govt bloom.bg/1Mxcuc6 @jessedrucker

Jul 29, 2015

RT @rbrooks45: Fear UK's great but short-lived effort at doing so through @CommonsPAC under @margarethodge could be going same way. twitter.com/JesseDrucker/s…

Jul 29, 2015

RT @eisingerj: Senate GOP has gutted one of the Congressional jewels, the Perm Subcomm on Investigations: @JesseDrucker: bloomberg.com/news/articles/…



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