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Tag: corporations

Oh, Starbucks

From the BBC: BBC business correspondent Theo Leggett said the coffee company reported sales of nearly £400m in the UK last year, but paid no corporation tax at all. “Much of the money it earns in this country is transferred to a sister company in the Netherlands in the form of royalty payments, leaving the […]

Pay Your Employer

Just what we always wanted! Republican Governor Tom Corbett is deciding whether or not to sign legislation that would require some workers to pay taxes to their bosses. Yes, you read that right. The bill, which would allow companies that hire at least 250 new workers in the state to keep 95-percent of the workers’ withheld […]

Foreclosure

The law firm of Steven J. Baum, based in Buffalo, NY, represents many of the major banks in their foreclosure proceedings against homeowners. As described by the New York Times, they recently settled a lawsuit by the Justice Department, for $2 million, because the firm had “filed misleading pleadings, affidavits, and mortgage assignments in the […]

Corporations & Public Good

Two paragraphs from a VERY thought-provoking diary: The market theory is that corporations make money by meeting human needs, and the more needs they meet, the more money they make, so corporate profitability is a social good.  This theory is at least 100 years out of date.  Corporations don’t make money by  meeting human needs–or […]