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Tax Issues

The GAO (Government Accountability Office) says that between 1996 and 2000, nearly 2/3 of corporations with assets of $250 million and sales of $50 million doing business in the US paid zero federal taxes. A favorite scheme is using offshore subsidiaries to launder profits. These reports show: the taxes major corporations pay compared to their declared profits. 2. Their offshore subsidiaries.

Barrick Gold

Last edited by crocodyl on April 22, 2008 - 4:54pm
Company Snapshot: 

Barrick Gold Corporation is the largest pure gold mining company in the world, with its headquarters in Toronto, Ontario, Canada; and four regional business units (RBU's) located in Australia, Africa, North America and South America. Barrick is currently undertaking mining and exploration projects in Papua New Guinea, the United States, Canada, Australia, Peru, Chile, Russia, South Africa, Argentina and Tanzania. On January 20, 2006, Barrick acquired a majority share of Placer Dome.

Citigroup

Last edited by crocodyl on April 25, 2008 - 9:24am
Company Snapshot: 

Citigroup, operating as Citi, is a major financial services company based in New York City. Formed by the 1998 merger of Citicorp and Travelers Group, the company employs 332,000 people around the world and holds over 200 million customer accounts in more than 100 countries.

Citi was implicated in various financial scandals of the early 2000s, including Enron and WorldCom. More recently, it has suffered massive losses from subprime mortgage securities and had to turn to sources such as the Abu Dhabi Investment Authority and the government of Singapore for $20 billion in capital infusions.