Multinational Corporation





Apple ordered to pay up to € 13bn - the Guardian: LINK ¤ the GUARDIAN

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  • "Apple has been ordered - by the European Commission !!!!!!!!!!!!!!!!!!"

 

 

 

 

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  • "to pay a record figure of up to € 13bn - in back taxes !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "Apple got illegal help - with tax breaks in Ireland !!!!!!!!!!!!"

 

 

 

 

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  • "a "head office" - that existed on paper only !!!!!!!!!!!!"

 

 

 

 

 

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  • "the European Commissioner, Margrethe Vestager - suggested other countries could claim !!!!!!!!!!!!"

 

 

 

 

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  • "unpaid tax from Apple - for the same period !!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • Richard Murphy, tax campaigner:  "there must be fairer competition - and increased equality !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 



 

 

 

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the Apple Tax Ruling - what this means - the Guardian: LINK ¤ the GUARDIAN

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  • "the European Commission has ordered Apple to pay back the Irish state - up to € 13bn in taxes in a landmark ruling !!!!!!!!!!!!"

 

 

 

 

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  • "the so-called "double Irish" tax structure - is being phased out !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "the last place this companies want to move profits - is back home !!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

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  • "therefore they prefer - to be taxed in Europe !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "( 90% of Apple's cash stockpile was kept outside ! )"

 

 

 

 

 



 

 

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Tobacco Companies ordered to pay US$ 12bn in Damages in Canada - the Guardian: LINK ¤ the GUARDIAN

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  • "a Canadian court has awarded C$ 15.6bn, US$ 12bn - in damages to smokers from three tobacco companies !!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

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  • "superior court justice Brian Riordan: the companies had put profits - before the health of their customers !!!!!!!!!!!!"

 

 

 

 

 

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  • "in a scathing judgment against three tobacco companies - Imperial Tobacco Canada !!!!!!!!!!!! - ( British American Tobacco )"

 

 

 

 

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  • "Rothmans, Benson & Hedges ( Philip Morris ) - and JTI Macdonald Ltd !!!!!!!!!!!! - ( Japan Tobacco )"

 

 

 

 

 

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  • "on the grounds that the companies knew they were selling a harmful product - but concealed the risks !!!!!!!!!!!!!!!!!!"

 

 

 

 

 



 

 

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Apple Tax - the Guardian: LINK ¤ the GUARDIAN

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  • "one of those Irish affiliates - Apple Sales International, ASI !"

 

 

 

 

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  • "had had just a tax rate - of 0.05% !"

 






 

 

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Google Tax - the Guardian: LINK ¤ the GUARDIAN

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  • "Google and Amazon came under fierce attack - from UK MPs and tax campaigners !!!!!!!!!!!!!!!!!!"

 

 

 

 

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  • "Margaret Hodge, chair of the public accounts committee - told Google's northern Europe boss, Matt Brittin !!!!!!!!!!!!"

 

 

 

 

 

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  • "that his company's behaviour on tax - was devious, calculated and unethical !!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

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  • "he had been recalled by MPs after being accused of misleading parliament - over the firm's tax affairs !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

 

 

 

 

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big four Accountants - the Guardian: LINK ¤ the GUARDIAN

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  • "the "big four" accountancy firms were using knowledge - gained from staff seconded to the UK Ministry of Treasury !"

 

 

 

 

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  • "had provided the government with expert accountants - to draw up tax laws !"

 

 

 

 

 

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  • "the "big four" accountancy firms had an unhealthily - cosy relationship with government !"

 

 

 

 

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  • "loopholes, like transfer pricing - have to be closed !!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "the "big four" accountancy firms - must be better regulated !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

 

 

 




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Australia on Multinationals - the Guardian: LINK ¤ the GUARDIAN

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  • "Australia forces multinationals - to disclose their tax arrangements !!!!!!!!!!!!"

 

 

 

 

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  • "to curb tax avoidance - by multinational corporations !!!!!!!!!!!!"

 

 

 

 

 

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  • "the measures requires - 2,000 larger businesses !!!!!!!!!!!!"

 

 

 

 

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  • "to have their tax details - published by the government !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "to shut down - loopholes !!!!!!!!!!!!!!!!!!"

 

 

 

 




 

 

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APPLE - Wikipedia EN: LINK ¤ APPLE

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  • "Apple Inc. - is a computer company"

 

 

 

 

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  • "the corporation continued to receive significant criticism - regarding the labor practices of its contractors !!!!!!!!!!!!"

 

 

 

 

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  • "most of its manufacturing - was handled abroad !"

 

 




 

 

 

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MICROSOFT - Wikipedia EN: LINK ¤ MICROSOFT

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  • "Microsoft Corporation - is a computer software company"

 

 

 

 

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  • "criticism of Microsoft has followed the company's existence - because of its products and business practices !!!!!!!!!!!!"

 

 

 

 

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  • "ease of use, stability, and security of the company's software - are common targets for critics !!!!!!!!!!!!"

 

 

 

 

 

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  • "Microsoft is accused of locking vendors - into their products !!!!!!!!!!!!"

 

 

 

 

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  • "and not following and complying with existing standards - in its software !!!!!!!!!!!!"

 

 

 

 

 

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  • "the company has been in numerous lawsuits - by several governments and other companies !!!!!!!!!!!!"

 

 

 

 


 

 

 

 

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HEWLETT-PACKARD - Wikipedia EN: LINK ¤ HEWLETT-PACKARD

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  • "Hewlett-Packard Company, HP - is a computer company"

 

 

 

 

 

 

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GOOGLE - Wikipedia EN: LINK ¤ GOOGLE

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  • "Google LLC - is an Internet-search company"

 

 

 

 

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  • "96% of Google's revenue - was derived from its advertising programs !"

 

 

 



 

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IBM - Wikipedia EN: LINK ¤ I B M

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  • "IBM, International Business Machines Corporation - is a computer company"

 

 

 

 

 

 

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FACEBOOK - Wikipedia EN: LINK ¤ FACEBOOK

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  • "Facebook, Inc. - is an online social media company"

 

 

 

 

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  • "most of it's revenue - came from advertising !"

 

 


 

 

 

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SONY - Wikipedia EN: LINK ¤ SONY

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  • "Sony Corporation - is an electronics company"

 

 

 

 

 

 

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COCA-COLA - Wikipedia EN: LINK ¤ COCA-COLA

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  • "Coca-Cola Company - is a beverage company"

 

 

 

 

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  • "it has been involved in controversies and lawsuits - related to human rights violations and other unethical practices !!!!!!!!!!!!"

 

 

 

 


 

 

 

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MONDELEZ - Wikipedia EN: LINK ¤ MONDELEZ

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  • "Mondelēz International, Inc. - is a sweets company"

 

 

 

 

 

 

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MARS - Wikipedia EN: LINK ¤ MARS

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  • "Mars, Incorporated - is a confectionery company"

 

 

 

 

 

 

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PHILIP MORRIS - Wikipedia EN: LINK ¤ PHILIP MORRIS

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  • "Philip Morris International Inc - is a tobacco company"

 

 

 

 

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  • "the company's operations are highly controversial - and the subject of litigation and restrictive legislation from governments !!!!!!!!!!!!"

 

 

 

 

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  • "concerned about the health impacts - of its products !!!!!!!!!!!!"

 

 

 


 

 

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Altria Group - Source Watch: LINK ¤ ALTRIA GROUP

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  • "the Department of Justice filed a lawsuit against Philip Morris ( now Altria ) - and other cigarette manufacturers !!!!!!!!!!!!"

 

 

 

 

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  • "Judge Gladys Kessler found that the government - had proven its case !!!!!!"

 

 

 

 

 

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  • "Philip Morris and other tobacco companies had conspired - to minimize !!!!!!!!!!!!"

 

 

 

 

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  • "distort and confuse the public - about the health hazards of smoking !!!!!!!!!!!!!"

 

 

 

 

 

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  • "concealed and suppressed research data - showing nicotine was addictive !!!!!!!!!!!!"

 

 

 

 

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  • "marketed "light" and "low tar" brands - misleaded people about their relative harmfulness !!!!!!!!!!!!"

 

 

 

 

 

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  • "publicly denied, while internally acknowledging - that secondhand tobacco smoke was harmful to nonsmokers !!!!!!!!!!!!"

 

 

 

 

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  • "and destroyed documents - relevant to litigation !!!!!!!!!!!!"

 

 

 

 

 


 

 

 

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MC DONALD's - Wikipedia EN: LINK ¤ MC DONALD's

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  • "McDonald's Corporation - is a fast food company"

 

 

 

 

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  • "the term "McJob" is defined - as a low-paying job !"

 

 

 

 

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  • "that requires little skill - and provides little opportunity for advancement !"

 

 

 



 

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fast-Food Workers go on Strike - Reuters: LINK ¤ REUTERS

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  • "fast-food workers go on strike - to protest low pay !!!!!!!!!!!!!!!!!!"

 

 

 

 

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  • "the strike is the latest in a series of protests - over the past months that have targeted !!!!!!!!!!!!"

 

 

 

 

 

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  • "fast-food restaurant operators - including McDonald's and Burger King !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "fast-food workers are seeking wages - of US$ 15 an hour !!!!!!!!!!!!!!!!!!"

 

 

 

 

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  • "and the right to unionize - without retaliation !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

 

 

 

 

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AIG - Wikipedia EN: LINK ¤ A I G

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  • "AIG, American International Group, Inc. - is an insurance company"

 

 

 

 

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  • "2008, AIG’s credit rating was downgraded - mainly because of credit default swaps, CDSs !!!!!!!!!!!!"

 

 

 

 

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  • "leading to a liquidity crisis - that bankrupted all of AIG !!!!!!!!!!!!"

 

 

 

 

 

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  • "the Federal Reserve Bank stepped in - in form of a secured credit facility of US$ 85 billion !!!!!!!!!!!!"

 

 

 

 

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  • "to prevent - the company's collapse !!!!!!!!!!!"

 


 

 

 

 

 

 

 

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ALLIANZ - Wikipedia EN: LINK ¤ ALLIANZ

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  • "Allianz SE - is an insurance company"

 

 

 

 

 

 

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AXA - Wikipedia EN: LINK ¤ A X A

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  • "Axa S.A. - is an insurance company"

 

 

 

 

 

 

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GENERALI - Wikipedia EN: LINK ¤ GENERALI

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  • "Assicurazioni Generali S.p.A. - is an insurance company"

 

 

 

 

 

 

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LLOYDS - Wikipedia EN: LINK ¤ LLOYDS

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  • "Lloyds Banking Group plc - is an insurance company"

 

 

 

 

 

 

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MUNICH RE - Wikipedia EN: LINK ¤ MUNICH RE

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  • "Munich Re Group - is a re-insurance company"

 

 

 

 

 

 

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SWISS RE - Wikipedia EN: LINK ¤ SWISS RE

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  • "Swiss Reinsurance Company Ltd - is a re-insurance company"

 

 

 

 

 

 

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PRICEWATERHOUSE COOPERS - Wikipedia EN: LINK ¤ P W C

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  • "PricewaterhouseCoopers, PwC - is an accounting company"

 

 

 

 

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  • "a partner who was involved in designing the tax savings plan - for Caterpillar !!!!!!"

 

 

 

 

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  • "commented:  "we'll all be retired - when this comes up on audit !!!!!!!!!!!!""

 

 

 

 


 

 

 

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DELOITTE - Wikipedia EN: LINK ¤ DELOITTE

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  • "Deloitte Touche Tohmatsu Limited - is an accounting company"

 

 

 

 

 

 

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ERNST & YOUNG - Wikipedia EN: LINK ¤ ERNST&YOUNG

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  • "Ernst & Young Global Limited, EY - is an accounting company"

 

 

 

 

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  • "the Valukas Report issued in 2010 charged that Lehman Brothers - engaged in a practice known as "repo 105"  !!!!!!!!!!!!"

 

 

 

 

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  • "and that EY, Lehman's auditor - was aware of it !!!!!!!!!!!!"

 

 

 

 

 


 

 

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KPMG - Wikipedia EN: LINK ¤ KPMG

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  • "KPMG, KPMG International Cooperative - is an accounting company"

 

 

 

 

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  • "KPMG admitted criminal wrongdoing - in creating fraudulent tax shelters !!!!!!!!!!!!"

 

 

 

 

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  • "and agreed to pay US$ 456 million - in penalties !!!!!!!!!!!!"

 

 

 

 



 

 

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Arthur Andersen - Wikipedia EN: LINK ¤ ARTHUR ANDERSEN

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  • "Arthur Andersen LLP - was an accounting company"

 

 

 

 

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  • "2002, the firm voluntarily surrendered - its licenses to practice !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "after being found guilty of criminal charges - relating to the firm's handling of the auditing of Enron !!!!!!!!!!!!"

 

 

 

 

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  • "the scandal in which revenue from Enron - was found to have sustained itself !!!!!!!!!!!!"

 

 

 

 

 

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  • "by means of institutional and systematic - accounting fraud !!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "the Powers Committee came to the following assessment:  "the evidence available to us !!!!!!!!!!!!""

 

 

 

 

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  • "suggests that Andersen did not fulfill - its professional responsibilities !!!!!!!!!!!!"

 

 

 

 

 

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  • "in connection with its audits - of Enron's financial statements !!!!!!!!!!!!"

 

 

 


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  • "Andersen was convicted of obstruction of justice - for shredding documents !!!!!!!!!!!!"

 

 

 

 

 

 

 

 

 

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OMNICOM Group - Wikipedia EN: LINK ¤ OMNICOM

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  • "Omnicom Group Inc. - is an advertising company"

 

 

 

 

 

 

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WPP Group - Wikipedia EN: LINK ¤ W P P

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  • "WPP plc - is an advertising company"

 

 

 

 

 

 

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IPG - Wikipedia EN: LINK ¤ I P G

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  • "IPG, Interpublic Group of Companies, Inc. - is an advertising company"

 

 

 

 

 

 

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PUBLICIS Group - Wikipedia EN: LINK ¤ PUBLICIS

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  • "Publicis Groupe - is an advertising company"

 

 

 

 

 

 

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BHP - Wikipedia EN: LINK ¤ BHP

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  • "BHP, BHP Group Limited - is a mining company"

 

 

 

 

 

 

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RIO TINTO - Wikipedia EN: LINK ¤ RIO TINTO

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  • "Rio Tinto, Rio Tinto plc - is a mining company"

 

 

 

 

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  • "Rio Tinto Group has been widely criticised - by environmentalist groups !!!!!!!!!!!!"

 

 

 

 

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  • "safety and labour rights concerns - have been raised by unions and political action groups !!!!!!!!!!!!"

 



 

 

 

 

 

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VALE - Wikipedia EN: LINK ¤ VALE

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  • "Vale S.A. - is a mining company"

 

 

 

 

 

 

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ANGLO AMERICAN - Wikipedia EN: LINK ¤ ANGLO AMERICAN

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  • "Anglo American plc - is a mining company"

 

 

 

 

 

 

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GLENCORE - Wikipedia EN: LINK ¤ GLENCORE

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  • "Glencore plc - is a mining company"

 

 



 

 

 

 

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Phoebus Cartel - Wikipedia EN: LINK ¤ PHOEBUS CARTEL

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  • "the Phoebus cartel had been a cartel - to control the manufacture and sale of light bulbs !"

 

 

 

 

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  • "it was engaged in large-scale - planned obsolescence !"

 

 

 

 

 

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  • "and had worked to standardise the life expectancy of light bulbs - at 1000 hours !"

 

 

 

 

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  • "while at the same time - had raised prices !"

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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MULTINATIONAL CORPORATION - Wikipedia EN: LINK ¤ MULTINATIONAL CORPORATION

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multinational corporation - 1511CO
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