An educational website including the career interests of innovators with a STEM,business and political science orientation.
Showing posts with label Tax Shelters. Show all posts
Showing posts with label Tax Shelters. Show all posts
Tuesday, February 20, 2007
Big Companies,Big Problems
A disturbing trend in corporate behavior has emerged.Several big companies have been veering over the tax line.As a result,the likes of KPMG,Glaxo-Smith Kline and General Electric have had to pay penalties recently.According to the Internal Revenue Service,they had been improperly sheltering assets.Their end runs have ended up at a dead end.
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