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Friday, July 3, 2015

The Walmart Web

How the World’s Biggest Corporation Secretly Uses Tax Havens to Dodge Taxes


A groundbreaking report reveals that Walmart has built a vast, undisclosed network of 78 subsidiaries and branches in 15 overseas tax havens, which may be used to minimize foreign taxes where it has retail operations and to avoid U.S. tax on those foreign earnings. These secretive subsidiaries have never been subject to public scrutiny before. They have remained largely invisible, in part because Walmart fails to list them in its annual 10-K filings with the U.S. Securities and Exchange Commission (SEC). Walmart’s preferred tax haven is Luxembourg, dubbed a “magical fairyland” for corporations looking to shelter profits from taxation.

The report, The Walmart Web: How the World’s Biggest Corporation Secretly Uses Tax Havens to Dodge Taxes, is the first-ever comprehensive documentation of the company’s use of tax havens. The full report is available here, and for the report’s Key Findings, click here.

KEY FINDINGS

Most people know that Walmart is the world’s biggest corporation. Virtually no one knows that Walmart has an extensive and secretive web of subsidiaries located in countries widely known as tax havens. Typically, the primary purpose for a corporation to set up subsidiaries in tax havens where it has little to no business operations and few, if any, employees is to pay little, if any, taxes and to maintain financial secrecy.

Renewable energy helps strengthen local businesses

Quonset stands as proof
By RI General Treasurer Seth Magaziner
Rhode Island was hit hard during the Great Recession, but recently we have seen signs of an economic comeback. One factor responsible for driving Rhode Island’s economic recovery is the Quonset Business Park.   

With its innovative site-readiness program, the Quonset Business Park is home to almost 200 companies employing over 10,000 workers—a huge economic expansion since the Quonset Development Corporation’s (QDC) establishment in 2005.  Today, one out of every 50 private sector jobs in Rhode Island is at Quonset.

Many of Quonset’s tenants are expanding upon that success by promoting sustainable energy development, including several solar panel arrays, within tenant-occupied parcels. These types of sustainable energy improvements, and the construction jobs they generate, are what my office plans to replicate and expand across the state.

Included in the FY2016 state budget approved by the General Assembly and signed into law by the Governor on June 30 is Article 24, which was developed by our office, and calls for the creation of the Rhode Island Infrastructure Bank.  

This measure will put Rhode Islanders back to work on energy efficiency and renewable projects across our state.  


Thursday, July 2, 2015

Not much help for the environment in this General Assembly session.

By TIM FAULKNER/ecoRI News staff
PROVIDENCE — Several environmental bills were close to heading to Gov. Gina Raimondo’s desk for signing before Speaker of the House Nicholas Mattiello recessed the General Assembly for the summer.

Although state lawmaking typically wraps up for the year by July 1, Mattiello took the unusual step of stating plans to meet again in the fall — a move the General Assembly hasn’t done since 2011. The Senate must also agree to reconvene for legislation to advance. 

With summer break underway, here’s what happened so far and what might move forward if there is a fall session:

Notable winners



The Big Picture

The progressive cartoon about God's Dog.

Watch out for disaster charity fraud

5 Tips for Donating After Disasters

ProPublica

Earlier this month we published an investigation with NPR into the American Red Cross' failures in Haiti. We've gotten a lot of questions from readers (including on Reddit) wondering what to do next time a big disaster hits.

What should you do if you want to help? To whom should you send money?

There's no simple answer. And there is no one-stop shop that can answer those questions.

But if you're willing to put in a bit of time, you can be a more informed donor and increase the chances that your money will reach those in need.

Here are a few tips, based on conversations with experts and reporting in Haiti:


Leave Bambi ALONE!

DEM cautions public on what to do if you see a fawn

PROVIDENCE - According to wildlife biologists at the Department of Environmental Management, white-tailed deer give birth to fawns during the months of May and June. 

Each year DEM receives many calls about fawns being abandoned by their mother. This is almost never the case and most of these fawns seen are not abandoned. 

During the five to seven days after it is born, a fawn is incapable of following the mother so it is natural for the fawn to lie in a curled "freeze" position on the ground, hidden in grass or sparse brush. At this time, fawns can be approached and handled with little resistance. Assumed to be abandoned, well-intentioned people will take the fawn home to protect it from predators or domestic animals.

These fawns are not abandoned by their mother; in fact, the doe will often be nearby, out of sight, but will only come to the fawn a few times during the day or after dark to feed the fawn. 

If you see a baby fawn in this condition please leave it alone, as the mother will return to feed the baby. 



5 Key Things Pope Francis Says about Climate Change

Here are five key quotes from the encyclical that will shake up the global climate debate.
Pope Francis just released an “encyclical,” a fancy word for a sort of intimate letter that is meant to serve as a guide to understanding our personal relationship to some of the most complex issues of the day through religious doctrine. 

This particular encyclical is on climate change and is addressed not just to the globe’s 1.2 billion Catholics but to everyone of any — or no — faith. 

In it, Pope Francis boldly challenges us all to take an honest look inside our hearts and question the foundations of a society that has created wealth for some at the expense of others and “our common home” – the planet earth.

Here are five key quotes from the encyclical that will shake up the global climate debate.


“End run around democracy“

By Steve Ahlquist in Rhode Island’s Future

This is not the first time Raimondo has played bait-and-switch with voters
and acted the opposite of the way she campaigned.
When Governor Gina Raimondo signed the budget on Tuesday, she officially signed into law language that stands as the most extreme anti-abortion language passed in Rhode Island in two decades. 

And because it was slipped into the budget as part of the language that codifies HealthSource RI, the state’s highly successful Obamacare insurance exchange, and not submitted as a bill, this new law was passed with no legislative debate and no chance for any input from the public.

Shockingly, this end run around democracy and against reproductive rights came from Rhode Island’s first woman governor, Gina Raimondo, who sailed to victory with the endorsement of Emily’s List and Planned Parenthood, with the help of a a putatively Democratic majority legislature.

How did this happen?


Wednesday, July 1, 2015

For many retirees over 65, tax break promise was too good to be true

Actual tax benefits will be limited but many seniors will benefit
By Will Collette
For a while, it looked like Rhode Island retirees over 65 were going to get a big break on their state income taxes when the General Assembly announced it was folding the language from two bills, one (2015-H 5000) by Rep. Bob Craven (D-North Kingstown) and the other (2015-S 0029) by Sen. William A. Walaska (D-Warwick) into the state budget which was just signed by Governor Raimondo. Craven is also one of Charlestown’s municipal lawyers.


Their news release included links to both bills leading to some hope that Bob Craven’s version, which would have exempted nearly all forms of retirement income would be written into the budget. Click here for details on that earlier news announcement.

But, as I warned, we'd have to see the actual language in the budget to see how far the benefits would extend. Now we have the actual state budget.

Unfortunately, the very generous version in Rep. Craven’s bill that would have allowed you to exclude other forms of retirement, such as a government or private pension and earnings from retirement accounts to determine whether you qualify did not make the final cut.

The final result is that a smaller number of senior citizens will qualify. 


Dig deeper

The cartoon about the GOP's secret elephant burial ground.

Why trees matter

SmurfKappa

Who Cares About Privacy?

Laura Chapman read this post about proposed legislation to allow massive collection of college student data, and she did some research. This is what she found:

The proposed law to monetize the worth of a degree certainly reflects the values of Bill Gates and his “Data Quality Campaign,” and his desire to stack rank almost anything he can, preferably with publication in U.S. News and World report. I recall vividly that he once said he wanted kids to “get a college degree that is worth something,” meaning worth money.

In prior posts I have noted that, beginning in 2005, Gates funded the Data Quality Campaign” (Orwellian name), as if in tandem and designed to complement USDE funds for the Statewide Longitudinal Data Systems (SLDS) program.

The Teacher-Student Data Link system (TSDL) system envisioned by Gates is in place as the records system for local to state reporting to USDE. In Ohio that system actually structures the categories for teacher evaluation. So, InBloom may be gone but the Gates vision has prevailed and, from the get go, his campaign was intended to “keep current and longitudinal data on the performance of teachers and individual students, as well as schools, districts, states, and educators ranging from principals to higher education faculty.

Moreover, as articulated in the Data Quality Campaign, one of the main purposes of the data gathering was to determine the “best value” investments to make in education and to monitor improvements in outcomes, taking into account as many demographic factors as possible, including health records for preschoolers. Access to such records has been made easier by USDE’s poking holes in the FERPA law that offered a bit of protection for the use of student data.

Now this proposed legislation is about higher education. Suppose it passes. Whether the oversight is done by a special agency or USDE is not clear. But if USDE has oversight of the law and the program, then all of the data management and cost/benefit on programs and degrees are likely to be outsourced to a private company, just as USDE’s data management is outsourced now. 

I discovered this by snooping around at the USDE website. In the process I discovered that USDE has two key people as privacy officers. One is Kathleen Styles, USDE’s first “Chief Privacy Officer”—Email: kathleen.styles@ed.gov. The second is Michael Hawes, who is her advisor and the person who oversees USDE’s extremely important “Privacy Technical Assistance Center (PTAC).” Email: michael.hawes@ed.gov

Privacy Technical Assistance Center (PTAC) is supposed to be a “one-stop” resource for learning about “data privacy, confidentiality, and security practices related to student-level longitudinal data systems and other uses of student data.” 

PTAC provides timely information and updated guidance on privacy, confidentiality, and security practices through a variety of resources, including training materials and opportunities to receive direct assistance with privacy, security, and confidentiality of student data systems.” This technical assistance is targeted to meet the needs of state and local education agencies and…… institutions of higher education.

PTAC is really at the center of everything–The contractor for PTAC is responsible for working under “the guidance of the Chief Privacy Officer and in close collaboration with the FERPA Working Group,” which consists of representatives of the Office of Management, the Family Policy Compliance Office, and the Office of General Counsel. PTAC also “regularly consults” with the USDE’s Privacy Advisory Committee, whose members include Chief Statistician of National Center of Education Statistics, the program officer of the Statewide Longitudinal Data Systems (SLDS), and representatives from the office of Federal Student Aid, the Office of Civil Rights, and the Office of Special Education and Rehabilitative Services (among others).

The for-profit company managing and warehousing USDE data and at the center of all of the work of all of these agencies is Applied Engineering Management Corporation (AEM). Since 2010, (AEM) appears to have been awarded about $12 million to set up the resources at PTAC.

AEM also has contracts with OTHER federal, state, and local governments and agencies.. Their work for USDE includes management of data gathering required to support the “No Child Left Behind” legislation, including the 180 data descriptions for EdFacts. EdFacts is the destination for all of those disaggregated test scores, and other data that law requires. AEM can do heavy-duty data warehousing.

AEM has also operated the National Student Loan Data System receiving data from every college, university, and agency that participates in Title IV loan guarantees and related programs. That work gives AEM a leg up as a possible contractor for more work under the proposed legislation.

AEM’s website also says it helps “educators in developing high quality longitudinal P-20 data warehouses and business intelligence solutions that stand the test of time and enable data-driven decision making.”


AEM–-the go-to corporation for USDE’s data management and privacy–-has managed to suppress its identity as the conduit for USDE’s “big data” projects and USDE’s (pitiful) guidance to state and local agencies on privacy. Use this phrase to get to the PTAC resources “Privacy Technical Assistance Center.”

Good idea, even if you don't live in Quonnie

A well water safety workshop will be conducted by the University of Rhode Island Cooperative Extension Water Quality Program and the RI Department of Health. The workshop will be hosted by the Charlestown Conservation Commission.  We thought this workshop might be of interest to our WPWA members.
Our Contact Information
Wood-Pawcatuck Watershed Association
203 Arcadia Road
Hope Valley, RI 02832
401-539-9017

Growing problem for American families

The surprising truths about caregivers
Denys Dukhovnov and Emilio Zagheni, University of Washington


Caregiving is a part of daily life for millions of Americans, particularly the so-called sandwich generation balancing the needs of aging parents with looking after their own children.

A new study looks at just who is doing that caregiving, and who they're caring for -- and some of the findings are surprising.

Published online in Population and Development Review on June 16, the research is believed to be the first to break down unpaid caregiving in the United States by age and gender of caregivers and those they care for, in their own homes or elsewhere.

The study found that almost one-third of the U.S. population are informal caregivers and collectively provide about 1.2 billion hours of unpaid work weekly, the equivalent of about 30.5 million full-time care aides. But the sandwich generation comprises just 3 percent of the population, much less than researchers anticipated.

The researchers were also surprised to find that elderly people were frequently being cared for by spouses, not their adult children. About 20 percent of caregiving time spent on people 80 years or older comes from people of the same age, they found.



The Wheels Come off Jeb’s Victory Wagon

Another Bush's coronation as a GOP presidential nominee no longer looks so assured.

A funny thing happened to Jeb Bush on his way to the White House.

He was rolling assuredly toward his coronation as the next GOP presidential nominee. He was sacking up millions of dollars in campaign cash from his dynastic family’s extensive coterie of reliable corporate donors and wealthy patrons. And he was confident that he’d roll to victory next year.

But then — Screech! Wham! Eeeeek! — the wheels came off his golden victory wagon.

As the campaign entered the month of June, the supposedly seasoned politico was looking incompetent. 

He badly bungled an easy question about his brother’s disastrous invasion of Iraq, fell behind in key states, and watched as his campaign staff fell into disarray.