More Americans Give Up Citizenship As IRS Gets Aggressive Overseas: The number of American citizens and green-card holders severing their ties with the U.S. soared in the latter part of 2009, amid looming U.S. tax increases and a more aggressive posture by the Internal Revenue Service towards Americans living overseas.
Canadian dollar hits parity vs. U.S. dollar: The Canadian dollar rose to one-for-one footing with the U.S. currency on Tuesday, hitting its strongest level since July 2008, boosted by rising commodity prices and expectations for higher domestic interest rates.
America's future? U.S. cities going bust: In what may be the beginning of an explosion of city insolvency across the U.S., the city of Vallejo, Calif., with a population of 117,000 in the San Francisco Bay area, has filed bankruptcy, Jerome Corsi's Red Alert reports.
California's $500-billion pension time bomb: The state of California's real unfunded pension debt clocks in at more than $500 billion, nearly eight times greater than officially reported.
ExxonMobil paid no federal income tax in 2009.: Exxon tries to limit the tax pain with the help of 20 wholly owned subsidiaries domiciled in the Bahamas, Bermuda and the Cayman Islands that (legally) shelter the cash flow from operations in the likes of Angola, Azerbaijan and Abu Dhabi.
Posts
