"Nothing about this project is in alignment with Biden's climate and environmental justice goals," said one campaigner.
The massive leak of documents known as the Panama Papers illustrates how Donald J. Trump and others seek to profit off his very name alone. The Trump name shows up on 3,540 of the leaked documents, many shedding light on what has become a business model. Trump's name doesn't appear as an owner of offshore accounts; some of his associates and business partners are also in the files.
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. 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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