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Corporate Taxes

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...

Let's Call 'Corporate Inversion' for What It Is: A Gaping, Unpatriotic Tax Loophole

Richard Trumka | Posted 07.29.2014 | Politics
Richard Trumka

We need to start demanding a little more patriotism from these corporations. If they want to keep benefiting from everything our great country has to offer, they need to start showing a little more loyalty to the people who live and work in America.

No More Subsidizing Corporate Tax Cheats

Rep. Rosa DeLauro | Posted 07.29.2014 | Politics
Rep. Rosa DeLauro

Too many American corporations have recently sought to renounce their corporate citizenship and reincorporate as a citizen of another country in order to avoid paying a fair share of taxes. The technical term for this practice is an "inversion," but it really is a perversion of our tax laws.

The Increasing Irrelevance of Corporate Nationality

Robert Reich | Posted 07.29.2014 | Business
Robert Reich

Who's us? Who's them? Increasingly, corporate nationality is whatever a corporation decides it is. So instead of worrying about who's American and who's not, here's a better idea: Create incentives for any global company to do what we'd like it to do in the United States.

Shiftless Corporations Renounce America

Leo W. Gerard | Posted 07.21.2014 | Business
Leo W. Gerard

Early last week, the drug firm Mylan stomped on the Stars and Stripes as it ditched America for the Netherlands. Then, on Friday, the drug company AbbVie similarly renounced America. For 30 pieces of silver, it will become Irish.

A Simplified Way to Tax Multinational Corporations

Dave Johnson | Posted 07.15.2014 | Business
Dave Johnson

The epidemic of tax inversions represents just one of many ways corporations are dodging their taxes by taking advantage of our outdated and rigged corporate tax system.

How A Fairer Tax Code Can Improve America's Infrastructure

Rep. Sandy Levin | Posted 07.09.2014 | Politics
Rep. Sandy Levin

The Stop Corporate Expatriation and Invest in America's Infrastructure Act will put an end to tax-avoiding corporate expatriations and devote the resulting revenue to the Highway Trust Fund, which will address the immediate funding crisis facing America's highway and transit systems this summer.

Inverted 'Patriotism'

Lisa Gilbert | Posted 07.07.2014 | 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 06.26.2014 | 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.

Immigration and American Aging

Michael Hodin | Posted 06.25.2014 | Fifty
Michael Hodin

If David Brat's huge upset of Eric Cantor has legs across America, it may well mean the end of the great political goal of immigration reform.

Will We Let Congress Hand Billion$ More to Big Corporations?

Dave Johnson | Posted 06.12.2014 | Business
Dave Johnson

The 2004 tax holiday only made things worse because companies realized they could get out of paying taxes entirely if they moved profits offshore and held out until the next holiday season. If we do it again, every company will be compelled to move jobs, factories and profit centers out of the country to stay competitive.

Ben Hallman

Walgreen Ponders $4 Billion Tax Dodge

HuffingtonPost.com | Ben Hallman | Posted 06.11.2014 | Business

Walgreen, the biggest U.S. retail drugstore chain, is considering decamping to Switzerland in a quest for bigger tax breaks, just two years after reap...

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...

Watch: Joseph E. Stiglitz Calls for Fair Taxes for All

Bill Moyers | Posted 06.02.2014 | Politics
Bill Moyers

A new report by Nobel Prize-winning economist Joseph E. Stiglitz for the Roosevelt Institute suggests that paying our fair share of taxes and cracking down on corporate tax dodgers could be a cure for inequality and a faltering economy.

Zach Carter

Iowa Senate Candidate Earned Millions Leading Company That Paid No Taxes

HuffingtonPost.com | Zach Carter | Posted 05.22.2014 | Politics

WASHINGTON -- Mark Jacobs, a top GOP contender for the seat of departing Iowa Sen. Tom Harkin (D), made more than $34 million as a top executive at Re...

Congress Should Promptly Enact Legislation to Help Close Tax-Driven Corporate 'Inversions' Loophole

Chye-Ching Huang | Posted 07.21.2014 | Politics
Chye-Ching Huang

Pfizer's recent effort to merge with much smaller UK-based AstraZeneca, and then convert itself into a "U.K. company" and avoid U.S. corporate taxes -- even though its U.S. shareholders would continue to own a majority in the merged company -- highlighted a gaping hole in current corporate tax law.

Ben Hallman

Congress Takes From The Poor, Gives To The Corporate Rich

HuffingtonPost.com | Ben Hallman | Posted 05.16.2014 | Business

The most dysfunctional Congress in U.S. history has finally found something that can attract bipartisan support: an expensive package of tax breaks th...

High-Ability Managers Save Their Shareholders Millions in Corporate Income Taxes

Allison Koester | Posted 07.01.2014 | Money
Allison Koester

Each year, the majority of public companies in the United States pay 20 to 40 percent of pretax income to the government in the form of income taxes. Paying taxes could be considered an inefficient utilization of resources.

Tax is All About Trust

OECD | Posted 06.28.2014 | Business
OECD

By Pascal Saint-Amans Following the financial crisis in 2008, millions of citizens faced hardship as they set about repairing the damage done to th...

Jack Welch: 'Corporations Are People' Who Sweat, Cry And Bleed

The Huffington Post | Alexander C. Kaufman | Posted 04.29.2014 | Business

Former General Electric CEO Jack Welch launched into a cantankerous tirade on CNBC’s “Squawk Box” Tuesday morning, taking the whole "corporation...

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

J. David Cox Sr. | Posted 06.02.2014 | 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.

Why We Are Losing the Tax Reform Debate

Martin Lobel | Posted 04.01.2014 | Politics
Martin Lobel

Reform does not mean raising taxes on the rich. It means cutting tax subsidies to the rich to slow the dramatic shift of wealth from the middle class to the very rich.

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...

Dem Says Company Avoided Billions In Taxes

AP | STEPHEN OHLEMACHER | Posted 05.31.2014 | Politics

WASHINGTON (AP) — Manufacturing giant Caterpillar Inc. has used an aggressive tax strategy to shift profits overseas in order to avoid paying billio...

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...