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Other News: Global Carbon Dioxide Emissions Up 2%
In other news, the U.S. Department of Energy reported that global carbon dioxide emissions rose 2 percent in 2008, and Iran sentenced five people to death for inciting June's mass protests.
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IRS Ends Amnesty for Use of Overseas Tax Havens
In an interview with Jeffrey Brown, IRS Commissioner Doug Shulman discusses the agency's efforts to close overseas tax shelters.
G-8 Will Expand Permanently to G-20 for Economic Issues
World leaders plan to announce Friday the Group of 20 will replace the Group of Eight as the main forum for coordinating global economic policy, a reflection of the increasing importance of fast-growing economies such as Brazil, China, and India.
What’s the Argument FOR Tax Havens?
Question: I understand that President Obama is going after the use of offshore tax havens by U.S. corporations. My gut feeling is that he’s right to do this, but I’ve never really heard both sides of the argument. Is there…
President Barack Obama outlined a series of steps Monday aimed at overhauling U.S. tax policies that he says reward companies for shifting American jobs overseas and allow wealthy people to avoid paying taxes by using offshore accounts.
G20 leaders took big steps toward reforming a "failed regulatory system" that helped create the global economic crisis, President Barack Obama said after the summit concluded in London Thursday.
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