Month: July 2010

Tax ‘Shenanigans’ Turn U.S. Sales to Foreign Income With Billions Offshore

A U.S. tech company identified only by the pseudonym “Delta” generated as much as 55 percent of its revenue domestically while reporting to shareholders that only 10 percent of its pretax income came from U.S. operations, according to a report presented to the House Ways and Means Committee. By attributing more earnings to countries with lower tax …

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Austin YouthWorks receives $400K

The Austin-based American YouthWorks organization has won a $400,000 federal grant, bringing its total in recent months to $1.1 million received, according to an announcement Wednesday from U.S. Rep. Lloyd Doggett, D-Austin.

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