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Corporate Tax

Why Corporate Tax Deserters Shouldn't Get The Benefit Of Being American Corporations

Robert Reich | Posted 09.14.2016 | Business
Robert Reich

Apple is only the latest big global American corporation to use foreign tax shelters to avoiding paying its fair share of U.S. taxes. It’s just anot...

The Grand Republican Strategy: We Win, You Pay!

Anthony W. Orlando | Posted 05.25.2015 | Politics
Anthony W. Orlando

You never hear the reformocons talk about arithmetic in their speeches. They talk about inequality and upward mobility and the American middle class. They talk about all sorts of expensive new plans, and they never mention that there's a catch.

Instead of Banning 'Inversion,' Try This

Robert Whitcomb | Posted 11.02.2014 | Business
Robert Whitcomb

The aim should be to help streamline and detoxify our tax system, encourage economic growth and at least mildly mitigate the growth of a permanent plutocracy based on inheritance.

A Corporate Tax Idea That Fixes Lots of Problems

Dave Johnson | Posted 10.30.2013 | Business
Dave Johnson

Some people say we should just repeal the rule that lets companies defer taxes due on profits earned outside of the country until they bring it home. But that undoes the benefits that were the original reason to allow deferral.

Lessons From the World of Tax Avoidance: How Nations Can Negotiate With Global Capital

Robert Reich | Posted 07.26.2013 | Politics
Robert Reich

Why should Apple have access to U.S. consumers if Apple refuses to pay its fair share of taxes to finance the infrastructure and education that Americans need to improve their living standards? Americans could buy from one of Apple's competitors instead.

Fight This New Push to Lower Corporate Taxes

Dave Johnson | Posted 06.02.2013 | Business
Dave Johnson

There is a big push going on to again reduce tax rates for the giant multinational corporations. See if you can guess who will make up the difference?

The Inevitable Failure of "Sales Tax Only" State Revenue Plans

Duncan Quirk | Posted 01.17.2013 | Politics
Duncan Quirk

Putting aside the debates between the effectiveness supply-side economics and whether an increase in sales tax would disproportionately negatively impact the poor, state sales tax only plans cannot make up for the lost revenue under current laws. The reason?

Favoring China

Sen. Fritz Hollings | Posted 09.10.2012 | Business
Sen. Fritz Hollings

Fundamental to an industrial policy is a Value Added Tax that's rebated on exports. The Corporate Tax is not.

Corporate Tax Rate and a Busy Lame Duck Session

Ted Kaufman | Posted 07.07.2012 | Politics
Ted Kaufman

Since Japan lowered its rate last April, our corporate tax rate has been the highest in the world. There is no disagreement in Washington, believe it or not, that a 35% rate is too high. What complicates things is that very few if any corporations actually pay that rate.

The President's Corporate Tax Reform Message: Say What?

Robert L. Borosage | Posted 04.24.2012 | Politics
Robert L. Borosage

We have a debate between the right -- Republicans like Mitt Romney who would cut corporate taxes and ask them to pay less -- and a business-friendly, centrist president who won't call on corporations to pay more. "Fair share?" -- not so much.

Corporations Don't Need a Tax Cut, So Why Is Obama Proposing One?

Robert Reich | Posted 04.23.2012 | Politics
Robert Reich

Why isn't the White House just proposing to close the loopholes without reducing overall corporate tax rates? That would generate more tax revenue that could be used for, say, public schools.

Where Is Obama's Windfall Profits Tax On the Oil and Gas Industry?

Lloyd Chapman | Posted 04.17.2012 | Politics
Lloyd Chapman

The promise was displayed prominently at the top of the "economy" section of Obama's campaign website. However, the language regarding the windfall profits tax vanished in an unceremonious and abrupt manner.

Taking the Republican Candidates to Task: on Taxes

David Coates | Posted 04.14.2012 | Business
David Coates

While the traveling Republican circus continues in its drawn-out pursuit of a winner, the policies which will be pursued by whichever Republican wins go largely unchallenged by a mainstream media preoccupied with the immediate details of the show.

Obama To Call For Lower Corporate Tax Rate

Reuters | Posted 04.11.2012 | Business

* Top U.S. corporate tax rate is 35 percent * Obama seen calling for lower rate, in line with peers * Opening salvo in c...

Over Two-Thirds Of Corporations Pay No Federal Corporate Income Tax

Alexander Eichler | Posted 01.10.2012 | Business

At a time when the federal government is starved for cash -- and facing layoffs and cuts in services across the board -- more and more corporations ar...

Restore the Basic Bargain

Robert Reich | Posted 01.28.2012 | Business
Robert Reich

Corporate profits are up right now largely because pay is down and companies aren't hiring. This is a losing game even for corporations over the long term. Without enough American consumers, their profitable days are numbered.

Pawlenty's Reckless Tax Plan: 10 Years After the Bush Tax Cuts

Chuck Collins | Posted 08.10.2011 | Politics
Chuck Collins

GOP candidate Tim Pawlenty observed the 10th anniversary of the Bush-era tax cuts by proposing $2 trillion in additional tax cuts, primarily for millionaires and global corporations. Have we learned nothing?

American Idle

Andy Stern | Posted 06.07.2011 | Politics
Andy Stern

Our democracy is frozen, calcified like arteries beset by arteriosclerosis. Everyone acting on their own behalf, protecting their own interests, has stopped up the flow of democracy, and as a result, America is falling behind.

Solutions Avoided

Sen. Fritz Hollings | Posted 05.28.2011 | Business
Sen. Fritz Hollings

Globalization is nothing more than a trade war with production looking for a cheaper country to produce. If the president stayed in Washington and enforced the trade laws, far more jobs would be created, and the economy would recover.

Obama's New Ideas

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Obama proposed a number of ideas last night, amongst the continuation of themes or policies he has pushed previously. The following are the proposals that stuck out as being truly new ideas for him, and thus worth examining.

Will Business Kill Tax Reform?

Joseph J. Thorndike | Posted 05.25.2011 | Business
Joseph J. Thorndike

Corporations like to complain about their taxes. In testimony, statements, and speeches, executives rehearse the same old litany of woe -- and there's a kernel of truth in these complaints.

More Tax Cuts or More Spending for Economic Stimuli?

Pat Choate | Posted 05.25.2011 | Politics
Pat Choate

The beneficiaries of corporate tax cuts finance the political campaigns of those elected officials who do their bidding, lobbyists and think tanks that echo their "lower tax" propaganda.

8 Surprising Facts About The Shrinking Middle Class

Huffington Post | Hallie Seegal | Posted 05.25.2011 | Business

The American dream may in fact be slipping away. The white picket fence, Social Security, sending your children to college -- what was once an attaina...

Taxes For Revenue Are Obsolete

Warren Mosler | Posted 05.25.2011 | Politics
Warren Mosler

While Social Security and Medicare may turn out to be inflationary, they are not 'bankrupting the nation' as most believe, including a Democratic Congress that cut Medicare spending with the recent health care bill.

Turned Off

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

With imports soaring, we're stimulating the production of China, not the US. The Obama administration refuses to enforce our trade laws to protect the economy and change our tax laws to promote exports.