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Corporate Taxes

Trump Tax Plan Would Slash Corporate Tax Rates, Offer Breaks On Overseas Profits

Reuters | Jade Walker | Posted 04.26.2017 | Politics

President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep tax break on overseas profits br...

Wrong Address: Trump's Inaugural Misdirects Blame For Workers' Woes (Away From Him)

Frank Clemente | Posted 01.24.2017 | Politics
Frank Clemente

In his inaugural address, Donald Trump correctly reported a crime -- the ongoing rip-off of America's working families -- but misidentified the culprits. That's not surprising, since he's one of them and plans to accelerate the theft now that he's in power.

If Trump Wants Jobs And Investment, He Needs To Play Better With Others

Edward Alden | Posted 01.18.2017 | World
Edward Alden

President-elect Donald Trump will be sworn into office Friday on an economic sugar rush. The markets have soared since his election, and companies are...

3 Business Expenses You Probably Forgot to Forecast

John Rampton | Posted 12.05.2016 | Business
John Rampton

Running your own business is no easy task. When entrepreneurs begin talks of their great new venture, they often times rejoice in the potential revenu...

GOP Senator Denies Irish Investment Is Designed To Avoid Taxes

The Huffington Post | Daniel Marans | Posted 11.03.2016 | Politics

Sen. Ron Johnson (R-Wis.) denied Monday that an investment in an Irish company is a tax avoidance scheme, in response to a Huffington Post report that...

Hillary Clinton's Vow to the 99%: "Our Economy Should Work for Everyone, Not Just Those at the Top"

Carla Seaquist | Posted 10.19.2016 | Politics
Carla Seaquist

"Remember the 99%!" That could be Democratic candidate Hillary Clinton's banner in the final stretch of this wretched "presidential" campaign. Insul...

5 Wrong Things Trump Said About Taxes In The Debate

Frank Clemente | Posted 09.28.2016 | Politics
Frank Clemente

As usual, Donald Trump stretched, distorted and outright denied the truth in the debate Monday night. Some of his biggest whoppers were about taxes: both his own and his plans for everyone else's.

5 Tax Questions We Need Answered In Tonight's Presidential Debate

Frank Clemente | Posted 09.26.2016 | Politics
Frank Clemente

Here are five key tax questions that should be asked of the two presidential candidates in Monday's debate.

Inversions Will Continue Until Lawmakers Fix America's Competitiveness Problem

Grover Norquist | Posted 09.22.2016 | Politics
Grover Norquist

America has the highest corporate tax rate in the developed world. We do not possess "one of the highest "corporate rates. Our corporate rate is number one. The problem is only going to get worse if we do nothing.

Estate Tax Anniversary: No Big Deal for Small Businesses

John Arensmeyer | Posted 09.07.2016 | Business
John Arensmeyer

September 8 marks the centennial of the estate tax, which establishes a tax on certain estates that are transferred as inheritance. To mark the occasi...

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.

Taxpayers Funded A Lifesaving Drug And Guess What Happened Next

Sen. Bernie Sanders | Posted 07.14.2016 | Politics
Sen. Bernie Sanders

Our nation pays - by far - the highest prices in the world for prescription drugs. As a result of these prices, nearly one in five Americans cannot afford to fill their prescriptions. At what point do we say our tax system, our publicly funded research and our patent system are not serving the public interest?

Tax Reform Proposals In Approved Draft Of Democratic Platform Are Most Progressive In Modern History

Frank Clemente | Posted 06.29.2016 | Politics
Frank Clemente

The draft 2016 Democratic Platform contains the strongest language in support of a fair and progressive tax system of any party platform crafted in th...

Are Corporation Taxes in the US Hurting Americans?

Toby Nwazor | Posted 06.20.2016 | Business
Toby Nwazor

Many people in the US are now complaining loudly that US corporation taxes are too high and that they are suffering as a consequence.

We Can Pay For Zika Response -- And More -- With Corporate Tax Reform

Frank Clemente | Posted 06.15.2016 | Politics
Frank Clemente

There's no good excuse for Congress's disgraceful delay in responding to the dangerous Zika virus. But the worst excuse of all is that we can't afford to act.

The Art of the Steal: GE's Massive $270 Million Massachusetts Megadeal

Mike Leyba | Posted 05.26.2016 | Politics
Mike Leyba

Many at the State House, in City Hall, and in the local press are flat-out giddy to roll-out the red carpet for GE. There is however, a growing resistance (both inside the State House and outside) to hold our elected leaders accountable for squandering public funds.

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

Daniel_Kaufmann | Posted 04.26.2017 | Business

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

PLCs? We Need PBCs!

Samie Al-Achrafi | Posted 04.25.2017 | Business
Samie Al-Achrafi

It was poor advice from the famous economist Milton Friedman that the only duty of a corporation is to maximize its return on investment. Instead, Ell...

The Obama Administration Cracks Down On Corporate Tax Inversions

MoneyTips | Posted 04.22.2017 | Business

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

College Could Be Free In America If Corporations Paid Reagan-Era Taxes

The Huffington Post | Shahien Nasiripour | Posted 04.21.2016 | Business

If corporations paid the same tax rate as they did under Ronald Reagan, governments in the U.S. would have enough money to fund prekindergarten for ev...

April 15th: The Real April Fool's Day

Nathan S. Sanders | Posted 04.19.2017 | Comedy
Nathan S. Sanders

The dreaded April 15th tax deadline has come and gone. Hopefully you got all squared away with our friends at the IRS...or filed an extension...or pay quarterly estimated taxes. If not, prepare for some penalties to start racking up.

Plutocratic or Conservative Tax Reform?

Martin Lobel | Posted 04.15.2017 | Politics
Martin Lobel

The current business tax code was designed by the best connected and paid lobbyists. It makes no economic sense. It hands out twice as much in subsidies as it collects in revenue.

It's Tax Time, But Corporations Aren't Paying

Frank Clemente | Posted 04.14.2017 | Politics
Frank Clemente

American corporations owe U.S. taxes on all their income wherever made, but thanks to a loophole called "deferral," they don't have to pay the bill on offshore profits until they bring the money home.

This Week Shows, Again, Just How Different the 2 Parties Are -- Even on Economic Issues

Ian Reifowitz | Posted 04.12.2017 | Politics
Ian Reifowitz

Hillary is no different from the Republicans, the Bernie or Bust folks say, and the same goes for Obama and the Democratic Party in general. Although I do believe Bernie would be the better nominee and president than Hillary, I firmly reject this false equivalency.

We Stopped Pfizer's Tax Dodge, Now Let's End the Buybacks

William Lazonick | Posted 04.09.2017 | Business
William Lazonick

Now that new Treasury Department rules have effectively thwarted Pfizer's attempt to evade its U.S. tax obligations, it's time policymakers turned their attention to something far more common -- and even more damaging.