Senate Permanent Subcommittee On Investigations News
Emotional Senate Hearing Finds Backpage.com Complicit in Underage Sex Trafficking as Victim’s Families Testify
“Those children were sold, and they simply tried to sanitize it. That, ladies and gentlemen, is the definition of evil”, said Sen. Claire McCaskill , glaring at the five company executives sitting in front of her. Jan. 10 was a day of reckoning on Capitol Hill for the controversial classified site
Mt. Gox Collapse Takes Bite Out of Bitcoin
Morning Money Memo: Nobody said it would be easy. The brave new world of virtual currency trading has been hit by the apparent collapse of one of the world’s largest bitcoin exchanges. Prices plunged to a three-month low Tuesday. The virtual currency is popular among...
No Summer Slowdown for GM, Ford and Chrysler
Morning Business Memo… Thousands of US auto workers may have to cancel their vacation plans. Growing consumer demand for cars and trucks has the industry changing its usual summer vacation schedule. Ford says the traditional two-week summer break is being cut to a single week....
Apple [AAPL] CEO Tim Cook Denies Unfair Tax Advantage Over Smaller Companies
Apple [NASDAQ: AAPL] CEO Tim Cook, in Washington, D.C., today to answer questions about his company's avoidance of billions of dollars in U.S. taxes, told a Senate hearing the tech giant followed the law and "comprehensive tax reform" must be passed to even the playing field for multi-national
Bobbing Apple: Cook Defends Apple's Offshore Tax Policy
Apple and congressional investigators both tried to get in a preemptive kidney-punch or two in advance of Apple CEO Tim Cook's testimony later today in Washington on the way Apple avoids paying U.S. taxes on money it earns overseas. Apple released an advance copy of Cook's testimony Monday night.
The Note: Obama Floats Above The Fray - For Now
By MICHAEL FALCONE (@michaelpfalcone) NOTABLES STEADY AS HE GOES: Americans, in a new ABC News-Washington Post poll out today, sharply reject special scrutiny of conservative groups by the Internal Revenue Service, suspect an administration cover-up of the Benghazi incident and express substantial
Apple 'Transferred the Golden Goose Offshore,' Senator Says
WASHINGTON — Apple has avoided paying tens of billions of dollars in U.S. taxes by creating a complex web of subsidiary companies, particularly three in Ireland, a new Senate investigation has found. The company is not accused of breaking the law, but senators said Apple...
Senate Probe Finds Apple Avoids Billions in Taxes
A new Senate investigation has found that Apple Inc. has used a complex web of offshore companies – particularly three in Ireland – to avoid paying billions of dollars in U.S. income taxes. Apple executives will visit Capitol Hill on Tuesday to respond to the...
DOJ Will Not Prosecute Goldman Sachs in Financial Crisis Probe
The Justice Department has decided it will not prosecute Goldman Sachs or its employees for their role in the financial crisis, following an investigation by senators Carl Levin (D-MI) and Tom Coburn (R-OK). The congressional investigation found problems with the credit rating agencies and ...
HSBC May Have Handled Billions in Drug Cartel Cash: Report
Bank Ignored Warning Signs of Links To Mexican Cartels, Al Qaeda, Iran, Say Senate Investigators