Article: Half of S&P 500 report more money for foreign taxes than U.S. taxes

Article - Media, Publications

Half of S&P 500 report more money for foreign taxes than U.S. taxes

STEPHEN GANDEL, 09 April 2021

Nearly half of the large U.S. companies that make up the S&P 500-stock index set aside more money to pay foreign taxes in 2020 than they did for payments to the U.S. government — a lot more money.

In all, 241 S&P 500 companies last year earmarked a combined $73 billion for taxes to foreign governments and just $6.7 billion to cover U.S. taxes, according to a CBS MoneyWatch analysis of the companies’ regulatory filings and data from financial information firm FactSet. That’s a foreign-to-domestic tax ratio of more than 10-to-1.

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Article: Ex-Nike manager admits wire fraud, money laundering

Article - Media, Publications

Ex-Nike manager admits wire fraud, money laundering

KOIN 6 News Staff, 02 April 2021

PORTLAND, Ore. (KOIN) — Facing 60 years in prison and $3 million in fines, a former marketing manager at Nike pleaded guilty Friday to federal charges of wire fraud, false statement on a loan application and money laundering.

Errol Amorin Andam of Beaverton worked as a manager in Nike’s North American Retail Brand Marketing division, where he was in charge of designing, building and managing “pop-up” retail venues at major sports competitions and other special events around the country. Continue reading “Article: Ex-Nike manager admits wire fraud, money laundering”