Rights . . .

(from https://www.washingtonpost.com/news/the-fix/wp/2017/07/14/the-magnitsky-act-explained/?utm_term=.54640b771c9c)

". . . Natalia Veselnitskaya, the Russian lawyer who attended the June 9, 2016, meeting at Trump Tower with Donald Trump Jr., has for years been working to overturn the Magnitsky Act, a 2012 U.S. law that barred Russian officials suspected of human rights abuses. . . is named after Sergei Magnitsky, a Russian lawyer and auditor who in 2008 untangled a dense web of tax fraud and graft involving 23 companies and a total of $230 million linked to the Kremlin and individuals close to the government. Magnitsky was the target of investigations, arrested by authorities and kept in jail without charges. He was beaten and later died under mysterious circumstances in jail just days before his possible release. . . The Magnitsky Act was signed by President Barack Obama in December 2012 as a retaliation against the human rights abuses suffered by Magnitsky. The law at first blocked 18 Russian government officials and businessmen from entering the United States, froze any assets held by U.S. banks and banned their future use of U.S. banking systems. The act was expanded in 2016, and now sanctions apply to 44 suspected human rights abusers worldwide. . ."

(from https://en.wikipedia.org/wiki/Bill_Browder)

". . . William Felix Browder (author of Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice)is an American-English financier, the Chief Executive Officer and co-founder of the investment fund Hermitage Capital Management, an investment firm that at one time was the largest foreign portfolio investor in Russia. . . After the death in prison in 2009 of Sergei Magnitsky, a Russian lawyer and auditor who had represented his company and conducted an investigation into massive tax fraud related to it, Browder lobbied for Congress to pass the "Magnitsky Act", a law to punish Russian human rights violators. . ."

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Best . . .

(https://www.washingtonpost.com/blogs/plum-line/wp/2017/07/17/trumps-made-in-america-week-is-a-hypocritical-joke/?utm_term=.8f4fae4be0d0)
". . . “Made in America” week, a new Washington ritual during which a president who routinely boasts of being the best at everything admits that he is not the best after all. Because if American-made products are the best, then products made abroad, such as many of Trump’s own branded products, are by definition not the best. . . But because the Trump Organization and related companies haven’t seen fit to produce their own goods in the United States, that means either their products aren’t the best or Trump is engaged in a craven manipulation of his fans. Or both. . . Trump’s own clothing and home accessories are produced overseas in countries including China, Bangladesh and Mexico. When he excoriates American companies for moving manufacturing jobs overseas, then, he is including himself in his own criticism — but of course would never admit that. Instead, when questioned about why he manufactures items overseas, his answer was, essentially, everyone else does it.". . ."

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That GREED thing again. . .

. . . it comes back, over and over. Something to it?
YE - AH!!!!

By DAVID KOCIENIEWSKI
The New York Times
updated 8/31/2011 5:12:26 AM ET 2011-08-31T09:12:26

"At least 25 top United States companies paid more to their chief executives in 2010 than they did to the federal government in taxes, according to a study released on Wednesday.

The companies — which include household names like eBay, Boeing, General Electric (Msnbc.com is a joint venture of Microsoft Corp. and NBC Universal, which is jointly owned by Comcast Corp. and General Electric) and Verizon — averaged $1.9 billion each in profits, according to the study by the Institute for Policy Studies, a liberal-leaning research group. But a variety of shelters, loopholes and tax reduction strategies allowed the companies to average more than $400 million each in tax benefits — which can be taken as a refund or used as write-off against earnings in future years.

The chief executives of those companies were paid an average of more than $16 million a year, the study found, a figure substantially higher than the $10.8 million average for all companies in the Standard & Poor’s 500-stock index.

The financial data in the report was taken from the companies’ regulatory filings, which can differ from what is actually filed on a corporate tax return. Even in a year when a company claims an overall tax benefit, it may pay some cash taxes while accumulating credits that can be redeemed in future years. For instance, General Electric reported a federal tax benefit of more than $3 billion in 2010, but company officials said they still expected to pay a small amount of cash taxes.

The authors of the study, which examined the regulatory filings of the 100 companies with the best-paid chief executives, said that their findings suggested that current United States policy was rewarding tax avoidance rather than innovation.

“We have no evidence that C.E.O.’s are fashioning, with their executive leadership, more effective and efficient enterprises,” the study concluded. “On the other hand, ample evidence suggests that C.E.O.’s and their corporations are expending considerably more energy on avoiding taxes than perhaps ever before — at a time when the federal government desperately needs more revenue to maintain basic services for the American people.”

The study comes at a time when business leaders have been lobbying for a cut in corporate taxes and Congress and the Obama administration are considering an overhaul of the tax code to reduce the federal budget deficit.

'Repatriation holiday'
Many business leaders say that the top corporate statutory rate of 35 percent, which is higher than any country except Japan, is hobbling the economy and making it difficult for domestic companies to compete with overseas rivals. A coalition led by high-technology companies and pharmaceutical manufacturers have been pushing for a “repatriation holiday,” which would let them bring as much as $1 trillion in foreign profits back to the United States at substantially reduced rates.

But the Obama administration has said it will consider lowering the corporate rate only if Congress agrees to eliminate enough loopholes and tax subsidies to pay for any drop in revenue. Many policy experts estimate that the United States could lower its corporate rate to the high 20s if it eliminated the maze of tax breaks that favor specific industries and investors. . ."




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