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Corporate Tax Loopholes

Congress Should Keep Lights Off on Tax Package That Nets GE Billions in Tax Breaks

J. David Cox Sr. | Posted 04.03.2014 | Politics
J. David Cox Sr.

Sometimes, the inability of Congress to get things done is a blessing in disguise -- like, for example, failing to renew a bevy of tax breaks that overwhelmingly benefit big corporations and wealthy individuals.

Ben Hallman

If GE Gets Its Way, The U.S. Government Could Lose $62.5 Billion

HuffingtonPost.com | Ben Hallman | Posted 04.01.2014 | Business

When it comes to squeezing big rewards from obscure provisions of the tax code, General Electric leaves nothing to chance. Over the past two years...

Corporate America Stashes $206 Billion Overseas, Fights Minimum Wage Hike, Is The Worst

The Huffington Post | Mark Gongloff | Posted 03.12.2014 | Business

Hey, Corporate America, are you befuddled as to why you are widely considered the mustache-twirling villain in the tragicomedy that is the U.S. econom...

Long Time Coming: Shining a Light on the Nation's Most Egregious Corporate Subsidy

Francisco Enriquez | Posted 03.10.2014 | Politics
Francisco Enriquez

Undeserved subsidies for wrongdoing occur because the law that prohibits companies from deducting fines or penalties as a tax write-off does not apply to companies that resolve charges through out of court settlements, unless agencies specifically forbid the write-offs as part of the settlement agreement.

We Lost Our House, the Economy Crashed, and You Made a Fortune. How Much Do We Owe You?

Francisco Enriquez | Posted 01.23.2014 | Politics
Francisco Enriquez

The upcoming JPMorgan Chase settlement is expected to be the largest corporate settlement in Justice Department history. Unless the Justice Department prevents it, JPMorgan could heap billions of dollars right back onto the shoulders of taxpayers.

Twitter Ready To Become The Tax-Dodging Club's Newest Member

The Huffington Post | Jillian Berman and Ben Hallman | Posted 11.05.2013 | Business

Twitter has yet to earn a profit, but if it ever does, the company could use a legal loophole to avoid paying taxes on millions of dollars. The mi...

NGOs Need to Keep Pressing Business to Be Transparent Taxpaying Global Citizens

Judith Samuelson | Posted 01.23.2014 | Business
Judith Samuelson

I have been both a lobbyist and a banker, and I understand the instincts of the business associations to protect their members, but from a societal perspective, exposing the money behind the politics is just common sense.

Tax Breaks for Corporate Wrongdoing, Part 1: The FTC

Francisco Enriquez | Posted 12.29.2013 | Politics
Francisco Enriquez

Every year, the Federal Trade Commission, or FTC, negotiates hundreds of millions of dollars in deals with corporations to settle allegations of criminal wrongdoing. However, the FTC has ended up allowing bad actors to claim massive tax deductions for their wrongdoing.

This Could Be Very Bad News For Apple

Reuters | Posted 09.23.2013 | Business

(Corrects to say University of Southern California Gould School of Law in the sixth paragraph.) By Patrick Temple-West ...

Report Reveals Widespread Tax Avoidance Tactic

Reuters | Posted 07.23.2013 | Business

LONDON (Reuters) - Most big U.S. technology companies cut their tax bills by not declaring a tax residence in their main European markets, preventing ...

Corporate Tax Reform Receives Big Push

Reuters | Posted 09.18.2013 | Business

By Tom Bergin and Maya Dyakina LONDON/MOSCOW, July 19 (Reuters) - The G20 backed a "fundamental" rethink of the rules ...

Why We Should Stop Subsidizing Sky-High CEO Pay

Robert Reich | Posted 09.16.2013 | Business
Robert Reich

Almost everyone knows CEO pay is out of control. What's less well-known is that you and I and other taxpayers are subsidizing this sky-high executive compensation.

To Big U.S. Corporations: What About Some Patriotism for America?

Ralph Nader | Posted 09.02.2013 | Business
Ralph Nader

In an age of increased jingoism about freedom and American ideals, the comparative yardsticks of patriotism should be applied frequently and meticulously to the large U.S. corporations that rove the world seeking advantages from other countries, to the detriment of the United States.

In The Public Interest : Four Reasons Lawmakers Are Scrutinizing How Companies Turn Settlements From Wrongdoing Into Tax Write Offs

Phineas Baxandall | Posted 09.01.2013 | Politics
Phineas Baxandall

The oil giant BP paid for cleanup and compensation for their massive Gulf oil spill, and rightfully so. But was this a "necessary and ordinary cost of doing business" that deserved a $10 billion tax break? I think most of us would respond with a resounding, "no!"

U.S. Companies Pay Just A Third Of The Legal Tax Rate: GAO Study

The Huffington Post | Mark Gongloff | Posted 07.02.2013 | Business

Big, profitable U.S. companies paid an average federal tax rate of less than 13 percent in 2010, according to a new study -- or about a third of the s...

Whole Foods CEO On Using Tax Havens: 'We Would If We Could'

The Huffington Post | Jillian Berman | Posted 07.02.2013 | Business

Whole Foods isn’t really in a position to avoid taxes, but the company would if it could, according to its CEO. The grocery store chain doesn’...

Reports: Apple Paid No UK Corporate Taxes Last Year

The Huffington Post | Posted 07.01.2013 | Business

Despite making millions in profit in Britain, Apple paid no corporate taxes to the U.K. last year, according to company filings cited by various news ...

Mark Gongloff

U.S. Companies Lobbying Furiously To Save Tax Loopholes

HuffingtonPost.com | Mark Gongloff | Posted 06.18.2013 | Business

Corporate America worked hard to build massive loopholes into the tax code for itself, and by golly it is working just as hard to keep them. U.S. c...

Lowering Corporate Tax Rate Likely WON'T Help The Economy

The Huffington Post | Caroline Fairchild | Posted 06.05.2013 | Business

Apple and Google are among the many corporations to have argued that America's high corporate tax rates discourage companies from bringing offshore pr...

Major Companies Using Tax Havens Avoid Paying HOW MUCH To Uncle Sam?

The Huffington Post | Jillian Berman | Posted 06.03.2013 | Business

Apple may be getting all the attention from lawmakers and the news media for its offshore tax practices, but a new report finds that other major compa...

Social Security Isn't Dead

Harlan Green | Posted 08.03.2013 | Business
Harlan Green

Social Security isn't dead, or even dying in spite of the prediction by the Social Security Trustees that it will no longer be able to pay full benefi...

SEC Loophole Lets Companies Stash TRILLIONS Offshore

Posted 05.23.2013 | Business

The SEC is looking the other way when it comes to offshore subsidiaries and some of America's largest corporations are taking advantage. In recent...

Apple's Actual Tax Bill Is Far Lower Than It Tells Investors

Posted 05.22.2013 | Business

Apple's actual U.S. tax bill is far lower than the company tells investors, according to a Senate panel report. The Cupertino, Calif. company unde...

Apple CEO: 'We Pay All The Taxes We Owe'

AP | MARCY GORDON and PETER SVENSSON | Posted 07.21.2013 | Business

WASHINGTON — The Senate dragged Apple Inc., the world's most valuable company, into the debate over the U.S. tax code Tuesday, grilling CEO Tim ...

Rand Paul Rips Congress For 'Bullying' Apple

The Huffington Post | Jillian Berman | Posted 05.21.2013 | Business

Rand Paul believes America owes Apple an apology. “I’m offended by a government that convenes a hearing to bully one of America’s greatest s...