Microsoft Corp. is currently sitting on almost $29.6 billion it would owe in U.S. taxes if it repatriated the $92.9 billion of earnings it is keeping offshore, according to disclosures in the company’s most recent annual filings with the Securities and Exchange Commission. The disclosure in Microsoft’s SEC filing lands amid an intensifying debate over the fairness of U.S.-based multinational corporations using offshore subsidiaries and so-called "inversions" to avoid paying American taxes. Such maneuvers - although often legal - threaten to signficantly reduce U.S. corporate tax receipts during an era marked by government budget deficits.
Almost a decade ago, my film Blood Diamond told the story of the illicit diamond trade and its funding of the bloody civil war in Sierra Leone. The reaction was profound as consumers came to understand the sparkly ring they bought in their local jewellery store could have brutal implications elsewhere. But this story was never just about diamonds. Throughout the world, the demand for all natural resources is soaring. Yet tragically, local populations – especially in poorer nations – rarely benefit.
Samsung Electronics Co. is at fault for the deaths from acute leukemia of two of its employees, a South Korean appellate court ruled yesterday. In 2011, the Seoul Administrative Court ruled in favor of the families of the two female employees who died of acute leukemia after working at Samsung's semiconductor production lines. Samsung appealed that decision.
Chinese search engine Baidu and the United Nations Development Program are hoping to streamline the recycling of e-waste in China with a new app that can help users easily sell their old electronics for cash.
Six months ago, Bethany Boggess, a 26-year-old student, debuted her online mapping project. Now, people from all over the world are sending in reports. The project, spurred by the Rana Plaza collapse last year, is called the ‘Global Worker Watch’ and is basically a map that highlights the state of Occupational Health and Safety (OHS) for workers around the world.