WASHINGTON (Reuters) – The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released on Tuesday.
The study, by two left-leaning non-profit groups, found that nearly three-quarters of the firms on the Fortune 500 list of biggest American companies by gross revenue operate tax haven subsidiaries in countries like Bermuda, Ireland, Luxembourg and the Netherlands.
WASHINGTON (Reuters) – Defense Secretary Ash Carter said on Wednesday he expected President Barack Obama to veto the annual defense policy bill currently making its way through Congress because it seeks to avoid budget caps by padding the war-funding account.
Carter told a Pentagon news briefing that he and other presidential advisers had already recommended that Obama veto the National Defense Authorization Act if it remains in its current form.
WASHINGTON (Reuters) – The United States tightened financial pressure on Islamic State on Tuesday, slapping sanctions on more than 30 leaders, supporters and affiliates around the world to squeeze the militant group Washington is having trouble defeating.
The Treasury Department designated 15 people as Islamic State supporters for providing technical, logistic or financial backing, working as political leaders or recruiting foreign fighters. The designations allow the government to freeze their assets and bars U.S. citizens from dealing with them.
WASHINGTON (Reuters) – The FBI will report more data on shootings involving police officers in the future, the head of the agency said on Monday as he released a report showing violent crime fell in 2014, continuing a 20-year trend.
FBI Director Jim Comey announced the plan amid an ongoing debate in the United States about the appropriate use force by police following a spate of incidents in which officers shot and killed civilians, including several black men.
WASHINGTON (Reuters) – Hackers who stole security clearance data on millions of Defense Department and other U.S. government employees got away with about 5.6 million fingerprint records, some 4.5 million more than initially reported, the government said on Wednesday.
The additional stolen fingerprint records were identified as part of an ongoing analysis of the data breach by the Office of Personnel Management and the Department of Defense, OPM said in a statement. The data breach was discovered this spring and affected security clearance records dating back many years.
WASHINGTON, Sept 23 (Reuters) – Hackers who stole security
clearance data on millions of Defense Department and other U.S.
government employees got away with about 5.6 million fingerprint
records, some 4.5 million more than initially reported, the
government said on Wednesday.
The additional stolen fingerprint records were identified as
part of an ongoing analysis of the data breach by the Office of
Personnel Management and the Department of Defense, OPM said in
a statement. The data breach was discovered this spring and
affected security clearance records dating back many years.
WASHINGTON (Reuters) – The head of the U.S. Senate’s military committee criticized the Obama administration on Thursday for failing to challenge China’s building of artificial islands in the South China Sea by sailing within 12 nautical miles (22.2 km) of them, saying this amounted to de facto recognition of Chinese claims.
Assistant Secretary of Defense David Shear responded to Senator John McCain, the chair of the Senate Armed Services Committee, by saying that such patrols had not been conducted since 2012, but were among future U.S. options.
WASHINGTON (Reuters) – The Obama administration said Wednesday is was considering how to respond to a Russian proposal for military talks over Syria, where Moscow is expanding its forces even as U.S. warplanes conduct daily air strikes against Islamist militants.
U.S. Secretary of State John Kerry said he was talking to the White House and Pentagon about the Kremlin proposal, which was made during phone calls with his Russian counterpart Sergei Lavrov in recent days.
NEWPORT BEACH, Calif. (Reuters) – The Pentagon is teaming up with Apple, Boeing, Harvard and others to develop high-tech sensory gear flexible enough to be worn by people or molded onto the outside of a jet.
The rapid development of new technologies is forcing the Pentagon to seek partnerships with the private sector rather than developing its technology itself, defense officials say.
WASHINGTON (Reuters) – Fragments from mortars fired by Islamic State militants at Kurdish fighters in northern Iraq earlier this month tested positive in a U.S. military field analysis for sulfur mustard, a chemical weapons agent, a U.S. general said on Friday.
Marine Corps Brigadier General Kevin Killea, chief of staff for operations against the group, said the test was not conclusive proof of chemical weapons use, and the fragments would be further tested to confirm the finding.