01-26-2020  8:00 am   •   PDX Weather    •   SEA weather  
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NORTHWEST NEWS

PCC Cascade Expands its Food Pantry for Students

The majority of PCC students are food insecure, with up to 15% homeless

Controversial Washington Lawmaker Spreads Views Across West

Republican Rep. Matt Shea was suspended from the Republican caucus in the wake of a December report that found he was involved in anti-government activities and several lawmakers have called on him to resign, something he says he will not do

2020 Census Begins in Remote Toksook Bay, Alaska

Census takers begin counting remainder of 220 remote Alaska villages as part of national headcount

St. Andrew Parish Presents 2020 Martin Luther King, Jr. Awards

The awards are given to people whose service embodies the values of Dr. King, who used nonviolence, civil disobedience, and Christian teaching to advance the cause of civil rights in America

NEWS BRIEFS

States Sue Trump Administration Over New 3D-Printed Gun Rule

The administration’s latest rule allows 3D-printed gun files to be released on the internet ...

Shari's Restaurants Celebrate National Pie Day

Receive a free slice of pie with any entrée purchase at participating Shari's locations from 4 p.m. till 10 p.m. on Thursday, Jan....

Nashville Airport Store Seeks Works by African American Authors

The store, a namesake project of Mrs. Rosetta Miller-Perry and The Tennessee Tribune, will open March 2020 ...

Annual “Salute to Greatness” Luncheon Celebrating Students, Community & Civic Leaders

Keynote Speaker: Ms. Rukaiyah Adams, Chair of Oregon Investment Council & Chief Investment Officer at Meyer Memorial Trust....

Grant High School Students to Read Their Own Work at Broadway Books

Local author and writing instructor Joanna Rose will lead thegroup of young writers at the event to be held on Wednesday, January 22 ...

Groups want federal protection for wolverines

Wolverines are the largest members of the weasel family, but they look more like small bears with bushy tails.Conservation groups say the animals need to be listed as threatened under the Endangered Species Act. Ten groups want to force the federal government to protect the elusive wolverines. The...

Seaside man gets 20 years for encouraging child sex abuse

SEASIDE, Ore. (AP) — A Seaside man was sentenced to 20 years in prison Friday for encouraging child sex abuse.Joshua Allen Pickering, 36, pleaded guilty to eight counts of encouraging child sex abuse in the second degree. He was originally charged with 18 counts of possession of child...

New Missouri coach Eli Drinkwitz predicts success

COLUMBIA, Mo. (AP) — Eli Drinkwitz was saying all the right things after being introduced as the new football coach at Missouri, laying out his vision for the once-proud program with unwavering confidence and bold proclamations.Then the former Appalachian State coach made a minor...

LSU's Burrow, Auburn's Brown named AP SEC players of year

LSU quarterback Joe Burrow is a unanimous selection as the offensive player of the year on The Associated Press All-Southeastern Conference football team.The top-ranked Tigers also have the SEC’s coach of the year in Ed Orgeron and the newcomer of the year in freshman cornerback Derek...

OPINION

Martin Luther King Day is an Opportunity for Service

Find out where you can volunteer and make a difference to the community ...

Looking to 2020 — Put Your Vote to WORK!

Ronald Reagan, who turned his back on organized labor and started America’s middle-class into a tailspin, has recently been voted by this administration’s NLRB into the Labor Hall of Fame ...

How Putting Purpose Into Your New Year’s Resolutions Can Bring Meaning and Results

Only 4% of people report following through on all of the resolutions they personally set ...

I Was Just Thinking… Mama in the Classroom

I wrote my first column in 1988 for a local newspaper about a beloved Dallas guidance counselor and teacher that most students called “Mama” ...

AFRICAN AMERICANS IN THE NEWS

Georgia inmate who came close to execution in 2017 dies

ATLANTA (AP) — A Georgia death row inmate whose planned execution was halted in September 2017 by the U.S. Supreme Court after his lawyers argued his death sentence was tainted by a juror's racial bias has died, according to the state Department of CorrectionsKeith “Bo” Tharpe,...

Germany urged to fight anti-Semitism to avoid Jewish exodus

BERLIN (AP) — Germany's foreign minister is calling for strengthened efforts against anti-Semitism to ward off the possibility that many Jews decide to leave the country.Heiko Maas said in an article Sunday for the weekly Der Spiegel that German politicians must do more “but there is...

Simmons doc, sans Oprah, receives huge ovation at Sundance

PARK CITY, Utah (AP) — Without Oprah or Apple, the Russell Simmons documentary “On the Record” went ahead with its premiere Saturday at the Sundance Film Festival, where the women who came forward with sexual assault allegations against the hip-hop mogul received one of the...

ENTERTAINMENT

Review: Haden Triplets sustain tradition of sibling harmony

The Haden Triplets, "The Family Songbook” (Trimeter Records)On their new album, “The Family Songbook,” The Haden Triplets sustain the longstanding musical tradition of siblings singing in harmony while also expanding their family's musical footprint, which goes back...

Rapper YG arrested in Los Angeles on suspicion of robbery

LOS ANGELES (AP) — Rapper YG was arrested Friday at his Los Angeles home on suspicion of robbery just two days before he is scheduled to perform at the Grammy Awards, officials said.Los Angeles County sheriff's deputies took YG, whose real name is Keenon Jackson, into custody at his...

Actress Rosie Perez says she was told of Weinstein rape

NEW YORK (AP) — "Do the Right Thing" actress Rosie Perez testified Friday that fellow screen star Annabella Sciorra told her in the mid-1990s that Harvey Weinstein had raped her but that she couldn't go to the police because “he'd destroy me.”Taking the stand at the former...

U.S. & WORLD NEWS

Diddy calls out Grammys and demands change in fiery speech

BEVERLY HILLS, Calif. (AP) — Sean “Diddy” Combs called out the Grammy Awards for dissing rap...

Dark cloud looms over new artists celebrating at Grammys

LOS ANGELES (AP) — Lizzo, Billie Eilish and Lil Nas X are walking into what should be one of the most...

'Sesame Street' comforts children displaced by Syrian war

NEW YORK (AP) — “Sesame Street” in the past year has tackled everything from foster care to...

'This is huge': Locust swarms in Africa are worst in decades

KATITIKA, Kenya (AP) — The hum of millions of locusts on the move is broken by the screams of farmers and...

New documentary cloaks anonymous sources in 'face doubles'

PARK CITY, Utah (AP) — In documentaries, anonymous sources have often been reduced to a shadowy,...

Israeli backpacker jailed in Russia files for pardon

MOSCOW (AP) — An Israeli woman jailed in Russia on drug charges has submitted a petition to be pardoned by...

McMenamins
Jennifer Liberto CNN Money

WASHINGTON (CNNMoney) -- Microsoft has saved nearly $7 billion off its U.S. tax bill since 2009 by using loopholes to shift profits offshore, a Senate panel said in a report released Thursday.

Hewlett-Packard also avoided paying taxes through a series of loans, some spanning 30 months, that shifted billions of dollars between two offshore subsidiaries, according to the Senate panel.

The Permanent Subcommittee on Investigations reviewed tax loopholes used by dozens of companies in the high-tech industry to shift profits offshore. But it focused on moves by Microsoft and Hewlett-Packard, according to Sen. Carl Levin, the Michigan Democrat who runs the panel.

Members of both parties supported the report, according to panel staff.

The Senate investigation, which included subpoenas and voluntary correspondence with the companies, provided an in-depth look into how the companies set up and use overseas tax shelters, as well as the impact on government coffers.

Levin acknowledged that Microsoft has broken no laws. But he blamed a loose tax code, Congress and tax officials for allowing the loopholes. The Senate panel was scheduled to hold a hearing on the issue at 2 p.m. ET.

"The tax practices and gimmicks range from egregious to dubious validity," Levin said. "What these gimmicks do is shift the burden of taxes to citizens that don't use armies of lawyers and accountants and subsidiaries to lower their tax bill."

In the case of Microsoft, the company transferred nearly half of its net revenue from U.S. retail sales to a Puerto Rican subsidiary between 2009 and 2011. That saved the firm $4.5 billion in U.S. taxes, according to the panel.

Tapping a different tax loophole, Microsoft saved another $2.43 billion by "checking a box" on an IRS form that tells tax officials to ignore "passive" income from royalties -- on things such as patents -- moved to its offshore subsidiaries.

Microsoft Vice President of Worldwide Tax William J. Sample defended the companies' use of legal tax avoidance maneuvers, saying it helps them be competitive overseas and creates jobs in the United States.

"One of the business imperatives faced by Microsoft and many U.S.-based businesses today is that we must operate in foreign markets in order to compete and succeed as a company," Sample said in remarks prepared for delivery at the hearing. "Foreign revenue growth helps support the growth of our U.S. operations, creating additional U.S. jobs and supporting an economic ripple effect that leads to greater growth in local communities."

In the case of Hewlett-Packard, the investigation found the computer maker whittles down its cash kept in the United States by tapping a series of loans made from subsidiaries in Belgium and the Cayman Islands.

For example, in 2009, Hewlett-Packard held $12.5 billion in foreign cash, but only $800 million in the United States. It only pays taxes on the U.S. portion, while tapping a series of ongoing "short-term" loans that, taken together, stretched for 30 straight months, according to the panel.

"This pattern of keeping most of HP's cash offshore and obtaining loans from its offshore entities to fund its U.S. operations was also carried out in earlier years," the report said.

Hewlett-Packard spokesman Howard Clabo said the company has complied with the U.S. tax code and its auditor Ernst & Young has signed off on the accuracy of its financial statement. He said the IRS has permanent offices at two of its facilities and has never raised any concerns about its programs.

" We are disappointed to see what appears to be a politically motivated attack on one of America's largest employers," Clabo said.

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