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Microsoft admits keeping $92 billion offshore to avoid paying $29 billion in US taxes

Microsoft admits keeping $92 billion offshore to avoid paying $29 billion in US taxes

Aug 27, 2014

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.

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Europe must do its bit to stop the trade in conflict minerals

Europe must do its bit to stop the trade in conflict minerals

Aug 22, 2014

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.

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Samsung caused employees' leukemia, South-Korean court rules

Samsung caused employees' leukemia, South-Korean court rules

Aug 22, 2014

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.

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Search engine Baidu partners with UN to tackle e-waste in China

Search engine Baidu partners with UN to tackle e-waste in China

Aug 20, 2014

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.

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Occupational Health and Safety mapped at a global level

Occupational Health and Safety mapped at a global level

Aug 18, 2014

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.

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