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Corporate Tax Loopholes

Gilead Sciences: Price Gouger, Tax Dodger

Frank Clemente | Posted 07.18.2016 | Politics
Frank Clemente

If you think the pharmaceutical industry has stolen all it can from the American people through its price gouging, think again. Even as they're pricing medications as high as the market can bear and beyond, drug corporations are getting big taxpayer subsidies and then dodging taxes on the resulting huge profits.

The Tax-Haven Aficionados Running for President

Tom Engelhardt | Posted 05.05.2016 | Politics
Tom Engelhardt

Here's a riddle for you: What do Donald Trump and Hillary Clinton have in common? And no, it's not that if Donald Trump were a woman he'd garner less than 5% of the vote.

Gimme Shelter (From the Tax Man)

Nomi Prins | Posted 05.05.2016 | Politics
Nomi Prins

There's a pile of money hiding offshore. The stunning amount that continues to flow across American borders (and those of other countries), and eventually disappears into the pockets of the corporate and political elite, ultimately causes even more damage to our finances and our lives.

Might U.K., U.S. Exhibit Leadership in Addressing State Capture and Legal (as Well as Illegal) Corruption?

Daniel_Kaufmann | Posted 04.26.2016 | Business
Daniel_Kaufmann

The leaked information in the Panama Papers from the law firm Mossack Fonseca have captured the headlines, placed Panama in the limelight, and provide...

The Obama Administration Cracks Down On Corporate Tax Inversions

MoneyTips | Posted 04.21.2016 | Business
MoneyTips

Corporate tax lawyers, beware! The Obama administration is making it likely that you will be working overtime in the near future.

Congress: Put Families' Needs Over Corporate Greed

Linda Meric | Posted 12.07.2015 | Politics
Linda Meric

This holiday season, Congress can continue giving tax breaks to the wealthy or stand with working families. Our nation has the resources to do better, we just need to help our lawmakers get their priorities straight.

A Terrible, Horrible, No Good, Very Bad Idea

Jaimie Woo | Posted 04.28.2015 | Politics
Jaimie Woo

A strangely popular proposal would give companies a temporary tax holiday, letting corporations "repatriate" their money at an extremely low tax rate, thereby encouraging more corporate tax dodging in the future. You'd think that common sense and strong opposition would be enough to kill a bad policy. Not in Washington, D.C., apparently.

New Year, Fresh Start: Congressional Dos and Don'ts

Jaimie Woo | Posted 03.22.2015 | Politics
Jaimie Woo

Another year has come and gone, and 2015 presents an opportunity to start fresh. With that in mind, it's time for the newly minted 114th Congress to make the right choices for the public's interest in its New Year's resolutions, and making the tax code fairer is a good place to start.

An Economic Agenda for America: 12 Steps Forward

Sen. Bernie Sanders | Posted 01.31.2015 | Politics
Sen. Bernie Sanders

The long-term deterioration of the middle class, accelerated by the Wall Street crash of 2008, has not been pretty. Today, we have more wealth and income inequality than any major country on earth.

Give Americans a $2,000 Check From 'Deferred' Corporate Taxes

Dave Johnson | Posted 01.19.2015 | Business
Dave Johnson

Instead of making a "deal" on deferment and letting the corporations just keep this money they owe us, let's fix this loophole and give most of this tax money to the 242 million adult U.S. residents. What's left over (and there might be a lot -- as much as $215 billion) can be used to fix our infrastructure and other priorities.

Unfair Tax Policies Still Throwing Small Businesses for a Loop

John Arensmeyer | Posted 12.17.2014 | Small Business
John Arensmeyer

Some work has been done recently to address tax loopholes for large corporations, such as the notorious corporate tax inversions, which put small businesses at a disadvantage, but more needs to be done to help level the playing field for small businesses.

Turns Out Ditching America To Dodge Taxes Isn't Always Great For Business

The Huffington Post | Mark Gongloff | Posted 09.10.2014 | Business

We've been doing it wrong. Instead of trying to shame American companies into not buying foreign companies to avoid taxes, we should tell them it's ba...

Actually, Burger King Has Been Trying To Dodge Taxes For Years

Reuters | Posted 11.02.2014 | Business

By Tom Bergin LONDON, Sept. 2 (Reuters) - Burger King may have taken a lot of flack in the past week for a deal that should curb its U...

John Boehner And Top Republican Profit From Corporate Inversions

The Huffington Post | Sam Levine | Posted 08.27.2014 | Politics

House Speaker John Boehner (R-Ohio) and House Ways and Means Committee Chairman Dave Camp (R-Mich.) personally profited from a corporate tax loophole ...

A Progressive Way to End Corporate Inversions

Jonathan Reiss | Posted 10.18.2014 | Business
Jonathan Reiss

The preferential treatment of capital gains and dividend income is a huge benefit to the 0.1%. On the other hand, the burden of corporate taxes is likely borne more widely. The current system penalizes smaller "patriotic" companies and benefits large multinationals.

Chiquita Bananas Could Face Boycott Over Plan To Ditch America

The Huffington Post | Alexander C. Kaufman | Posted 08.15.2014 | Business

Chiquita may be the next major corporation to split from the U.S. to avoid taxes. The banana giant rejected a $625 million buyout bid by Brazilian ...

Walgreen Co. Did the Right Thing, But Most Corporations Won't Without a Change in Tax Rules

Robert McIntyre | Posted 10.13.2014 | Politics
Robert McIntyre

Can someone realistically forego getting a prescription filled because it's made by a bad corporate citizen? Probably not. Only Congress and the Obama administration can truly stop corporate inversions.

Alexander C. Kaufman

How Americans Scared Walgreens Out Of A $4 Billion Tax Dodge

HuffingtonPost.com | Alexander C. Kaufman | Posted 08.08.2014 | Business

Walgreens just rocked the boat for companies fleeing U.S. soil to avoid paying taxes. Walgreen Co., the drugstore chain's parent company, announced...

Jon Stewart Exposes The Most Outrageous Corporate Tax Dodge Yet

The Huffington Post | Ed Mazza | Posted 07.31.2014 | Comedy

It's the corporate tax loophole that could be costing you billions. American companies are quietly changing their paperwork to make it seem as if they...

How Walmart's Bosses Get Rich Off Welfare Abuse

C. Robert Gibson | Posted 09.29.2014 | Business
C. Robert Gibson

Forget about the guy at the grocery store using food stamps to buy lobster. Walmart, the world's largest retail company, is even more dependent on government welfare so it can make jaw-droppingly obscene profits.

Yes, Allan Sloan: All Companies Hate All Taxes, And No They Have No Conscience

Martin Luz | Posted 09.07.2014 | Business
Martin Luz

Nations must have larger interests at heart than the narrow arbitrage interests of corporations that act like economic pirates. You can pay the ransom, but they'll still make you walk the plank

Inverted 'Patriotism'

Lisa Gilbert | Posted 09.06.2014 | Politics
Lisa Gilbert

Inversions occur when U.S. companies buy out usually smaller, foreign corporations and reincorporate in another country to avoid U.S. corporate taxes. For example, Walgreens, the uber-American drugstore with deep roots in Illinois, has begun the process of merging with a Swiss company.

Who Do Americans Hate During Economic Downtimes? It's Not Who You Think

Daniel Cubias | Posted 08.26.2014 | Latino Voices
Daniel Cubias

On top of devastating the country, wiping out many people's savings, and increasing the obscene gap between the wealthy and the rest of us, the Great Recession may have had the side effect of increasing racial tension.

How Your Tax Dollars Subsidize Walmart Executives' Paychecks

The Huffington Post | Jillian Berman | Posted 06.04.2014 | Business

While Walmart customers suffer from government belt-tightening, Walmart executives thrive on government tax breaks. It's good to be rich. Over the...

Michael McAuliff

GOP Lawmakers Say Yes To $310 Billion For Business, But $12 Million For At-Risk Kids? Nope

HuffingtonPost.com | Michael McAuliff | Posted 04.30.2014 | Politics

WASHINGTON -- Republicans on a congressional tax-writing committee objected Tuesday to the cost of a bill that would spend $1 million a year to help k...