A company based in a tax haven can have assets anywhere in the world. On the other hand, what appears as foreign direct investment in tax haven countries has no counterpart in real productive investment.
Analysis
Nicaragua: The other revolution betrayed
The Sandinista revolution started as an extraordinary experience of social liberation and renewal of national dignity in a dependent country whose status as a backyard for US imperialism had been accepted by its authoritarian, dynastic rulers for decades.
‘Entirely unsurprising’: Merck slammed for 4,000% markup of taxpayer-funded Covid drug
Heidi Chow of the Jubilee Debt Campaign decried the $700-per-patient price the U.S. government paid for molnupiravir as “another example of Big Pharma reaping billions from public investment into research by charging extortionate, rip-off prices for lifesaving Covid drugs.”
The political situation in Greece: Savage neoliberalism, militarism, and institutional racism
It is a political “moment” where everyone—both the ones above and the ones from below—understands that the status quo is not sustainable, and they must prepare for drastic changes.
While Americans sleep, our corporate overlords make progress impossible
Right now, both Parties are readying to give over $50 billion of your tax money to the very profitable under-taxed computer chip industry companies like Intel and Nvidia, so they can make more profit-building plants in the U.S.
From chips to cookies to tortillas! Bakery workers struggles continue
Terrible working conditions and speed-ups in that industry have now led to an important workers struggle at the El Milagro tortilla factory in Chicago.
German election: Unsteady as she goes
The SPD has won (narrowly) because it gained the votes of many on the left. These voters will expect some changes: more and better public services; taxes on the rich; higher wages.
The profits of war: How corporate America cashed in on the post-9/11 Pentagon spending surge
The costs and consequences of America’s twenty-first-century wars have by now been well-documented — a staggering $8 trillion in expenditures and more than 380,000 civilian deaths, as calculated by Brown University’s Costs of War project.
The US lost in Afghanistan. But US imperialism isn’t going anywhere.
The antiwar movement should be under no illusion that the era of US imperialist warfare has come to an end with the US withdrawal from Afghanistan.
‘Infuriating disappointment’: Biden DHS ramping up deportations to Haiti
Still under fire from human rights advocates after appealing a court order to stop using the Covid-19 pandemic as justification for expelling asylum-seeking families, the Biden administration on Saturday confirmed that it is ramping up deportations to Haiti and elsewhere.
China and common prosperity
Xi’s crackdown on the billionaires and his call for reduced inequality is yet another zig in the zig-zag policy direction of the Chinese bureaucratic elite…
Brazil: Fascist apotheosis
Bolsonaro is making it clear for the fraction of the ruling class that has gone over to the opposition in the last forty days that he will not accept the result of the elections if he loses. He will not respect the rules of the liberal-democratic regime…
Doctor’s prescription: Less snacks, more strikes!
Today, a strike is taking place at the maker of products that everyone in the country knows. No more Oreos, Ritz Crackers, or Chips Ahoy! Nabisco’s on strike.
The empire has no clothes
The U.S.’ longest war in history—spanning four presidential terms, two Republican and two Democratic—finally ended on August 30th, having accomplished none of its goals and leaving Afghanistan’s population of nearly 40 million people, if anything, worse off than when it began.
Greece after the wildfires
The account of this disastrous August, when temperatures and drought reached record-high levels even for a warm and dry country like Greece, is literally tragic…
