The luck of the Irish may be running out if the Obama Administration succeeds in squashing tax inversion deals that have made low-tax rate countries like Ireland attractive to U.S. corporations....More
Since NAFTA went into effect in 1994, the U. S. has generated the highest trade deficit in the world and the largest in the world’s recorded history. If you add the annual trade deficit in goods as shown on the Census Bureau website, the total is a staggering figure of $10.347 trillion....More
From May 2013 to this past May, manufacturing added a paltry 105,000 jobs or less than 1% of total employment in the industry. But a new survey from tax and consulting firm McGladrey indicates manufacturing may finally have the help wanted sign out....More
Lobby group EU ProSun said it had provided EU authorities with a raft of documents "containing about 1,500 proposals by Chinese solar companies offering prices below the minimum level agreed by the EU Commission and China."...More
WASHINGTON - Coca-Cola was taken to task by the U.S. Supreme Court on Monday, with justices questioning whether a drink sold as fruit juice was the real thing.
The soft drinks giant is being sued by Californian fruit juice maker Pom Wonderful, which accuses Coca-Cola (IW 500/27) of misleading consumers about its Minute Maid drink "Pomegranate Blueberry" that contains only 0.5% of the two fruits....More
The company‘s subsidiary in Russia paid more than $2 million through agents and various shell companies to a Russian government official to retain a multimillion dollar contract with the federal prosecutor's office....More
Joaquin Almunia, the EU's competition commissioner, said the new rules were designed to end "illegal" subsidies which had created market "distortions" and led to high prices that have harmed European industry....More