November 9th, 2017

king rad

a tale of two corporations

Owner Of TJ Maxx Is Still Paying Its Employees In Puerto Rico, Even Those Who Can’t Work

They may not have electricity or be able to work nearly two months after the devastation brought by Hurricane Maria, but they’re still receiving regular paychecks.

“They” are the Puerto Rico-based employees of TJ Maxx, Marshalls and HomeGoods Associates, three stores that share the same corporate owner, TJX.

And even though Hurricane Maria destroyed much of the island’s infrastructure in September, forcing TJX to shutter some stores there, the company has nevertheless been dutifully paying its employees ever since.

“Based on the devastating situation in Puerto Rico, we can confirm that we have continued to pay our TJ Maxx, Marshalls and HomeGoods Associates on the island,” the company said in a statement to HuffPost. “We believe it is the right thing for us to do under these circumstances.”
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huff n tonne poste

After a Tax Crackdown, Apple Found a New Shelter for Its Profits

Tim Cook was angry.

It was May 2013, and Mr. Cook, the chief executive of Apple, appeared before a United States Senate investigative subcommittee. After a lengthy inquiry, the committee found that the company had avoided tens of billions of dollars in taxes by shifting profits into Irish subsidiaries that the panel’s chairman called “ghost companies.”

“We pay all the taxes we owe, every single dollar,” Mr. Cook declared at the hearing. “We don’t depend on tax gimmicks,” he went on. “We don’t stash money on some Caribbean island.”

True enough. The island Apple would soon rely on was in the English Channel.

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nytims