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Big U.S. firms hold $2.1 trillion overseas to avoid taxes: study

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 …

Mathripala

Sri Lankan President orders to ban import of glyphosate with immediate effect

Sri Lankan President Maithripala Sirisena today announced that the imports and release of the agrochemical Glyphosate will be banned with immediate effect. The release of already imported stocks is also barred. The President made this announcement while participating in a function held to mark the International Day for Biological Diversity at the Ministry of Mahaweli Development and Environment at Battaramulla. …