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Corporate Taxes

Once Again, Pfizer Scams the American People

Frank Clemente | Posted 11.25.2015 | Politics
Frank Clemente

Let's use Pfizer's latest outrage as an incentive to resuscitate reform. Now is the time to force Pfizer--and all of America's big-time corporate tax dodgers--to play fair with the American people. Pfinally.

Must Watch: Warren's Warning About The Coming Corporate Tax Giveaway

Dave Johnson | Posted 11.19.2015 | Business
Dave Johnson

This rigs the game against families and smaller businesses that have to pick up the slack. Families and small U.S. companies pay 17.5 percent. The biggest corporations pay less, even zero.

Elizabeth Warren Slams Proposed Tax Reforms As 'Giant Wet Kiss' To Corporations

The Huffington Post | Shahien Nasiripour | Posted 11.18.2015 | Politics

Federal policymakers must demand that big corporations "substantially increase" the amount of federal tax they pay under any rewrite of the nation's t...

Why Pfizer's Plan To Move To Ireland May Cost You Money

The Huffington Post | Alexander C. Kaufman | Posted 11.04.2015 | Business

NEW YORK -- Pfizer's bid to buy Irish rival Allegan may end up costing you money, according to economist Gabriel Zucman. The move would allow the New...

Raising Revenues Must Be Central Goal of Budget Talks

Frank Clemente | Posted 10.23.2015 | Politics
Frank Clemente

To create a budget that works for everyone - and not just wealthy special interests - Congress needs to raise significant revenue instead of cutting services. It's time for a more balanced approach to budgeting.

Carl Icahn's $150 Million Threat: Cut Corporate Taxes Or Face My Super PAC

The Huffington Post | Paul Blumenthal | Posted 10.21.2015 | Politics

WASHINGTON -- Billionaire activist investor Carl Icahn issued a $150 million threat to Congress on Wednesday: pass legislation slashing corporat...

Trump: Don't Make Corporations Pay Their Taxes

Dave Johnson | Posted 08.21.2015 | Entertainment
Dave Johnson

Never mind the decades of gibberish we have been subjected to about "tax cuts increase revenue to the government" and "low taxes means more jobs" and "pro-growth policies" and "government takes money out of the economy" and "tax cuts hurt growth" and "taxes are theft."

The International Tax System is 'Repulsive And Inequitable.' Here's A Way To Fix It.

The Huffington Post | Ben Walsh | Posted 08.20.2015 | Politics

The way we tax multinational corporations is “repulsive, inequitable and inefficient,” according to Nobel Prize-winning economist and Colu...

5 Tax Myths You'll Hear During Republican Presidential Debate

Frank Clemente | Posted 08.06.2015 | Politics
Frank Clemente

We tune into presidential debates for the surprises (who knew Rick Perry couldn't count to three?), but most of what happens is all too predictable. At a GOP debate, you can be sure taxes will be a hot topic. After all, what ailment can't be cured with a tax cut?

Hillary Clinton's Economic Speech A Total Letdown

The Huffington Post | Zach Carter | Posted 07.24.2015 | Politics

Hillary Clinton gave a speech Friday that pledged to combat dodgy corporate management but offered only soft-touch policy solutions that included...

Next Big One: Repatriation Tax Holiday Giveaway to Corporations

Dave Johnson | Posted 07.14.2015 | Business
Dave Johnson

What is really going on is the game is being rigged. Corporations get huge tax breaks and subsidies, a few billionaires and plutocrats get the cash, and We the People, the 99 percent, have to make up the difference.

The Reality of Taxing Carried Interest

Douglas Holtz-Eakin | Posted 06.15.2015 | Business
Douglas Holtz-Eakin

Candidate Clinton and other advocates will claim taxing carried interest improves the economy. Unfortunately, it won't. A key principle of taxation is efficiency. Taxing capital differently across sectors and business forms means that taxes are driving business decisions.

Rick Perry Is Right: Kill the Export-Import Bank and Cut Corporate Taxes

Steve H. Hanke | Posted 06.04.2015 | Business
Steve H. Hanke

The Export-Import Bank (Ex-Im) provides financing and loan guarantees at below-market rates to foreign purchasers looking to buy products from American exporters. For example, if Emirates Air wants to buy planes from Boeing, Ex-Im can provide a loan guarantee, reducing the interest rate Emirates will pay and thus incentivizing Emirates to buy from Boeing rather than Airbus.

Ben Walsh

It's Time To End The Legal Fiction Of International Corporate Taxes, Nobel Prize Winner Says | Ben Walsh | Posted 06.03.2015 | Business

For decades, multinational companies have turned to complex corporate structures that allow them to use disjointed national tax policies and rates to ...

Congress Rewards Corporations While Punishing the American People

Frank Clemente | Posted 05.22.2015 | Politics
Frank Clemente

Voting to give corporations a huge tax cut without closing loopholes to pay for it is the height of hypocrisy. It represents an egregious double standard by conservatives: They increase the deficit by providing hundreds of billions of dollars in tax breaks to corporations while they slash $5 trillion in spending that primarily benefits working Americans in order to reduce the deficit.

Taxes and Your Wallet

Mike Smith | Posted 06.17.2015 | Money
Mike Smith

Taxes and Your Wallet

Twice the Burden: Low-Wage Employers Cost Taxpayers Billions in Public Assistance and Lost Tax Revenue

Yannet Lathrop | Posted 06.15.2015 | Business
Yannet Lathrop

On Tax Day, while working Americans contribute their part to keeping the country running, many companies that pay low-wages will exploit a loophole in the tax code that that allowed them to write off taxes on over $66 billion in executive compensation pay between 2007 and 2010.

Stop Corporate Welfare Kings and Tax Escapees From Strip-mining America

Ralph Nader | Posted 06.15.2015 | Politics
Ralph Nader

Through a myriad of tax avoidance schemes, the wealthy 1 percent continue to profit using public resources, subsidies and infrastructure while the 99 percent disproportionately pay the bills for it -- all while struggling to pay their own bills, mortgages, student loans, and more. Americans must ask why individual taxpayers are fronting the money for hugely profitable corporations.

Walmart's Small Wage Increase Not Enough for Employees, Taxpayers

Frank Clemente | Posted 06.07.2015 | Politics
Frank Clemente

Walmart would need to raise its base pay to $15 an hour to properly compensate its workers and relieve America's taxpayers from picking up part of its payroll tab. Can Walmart afford it? The Walton family saw their fortune increase by $21 billion last year alone. For about half that amount they could give every one of Walmart's 1.3 million U.S. employees a $5-an-hour raise.

Just Do It: Cut Corporate Taxes and Create Middle-Class Jobs

Ross DeVol | Posted 06.01.2015 | Business
Ross DeVol

A comprehensive modernization of the U.S. corporate tax system can be enacted in a fiscally responsive, revenue-neutral way.

House of Cards Makes a Wonk's Day

Sarah Anderson | Posted 05.19.2015 | Politics
Sarah Anderson

I'm embarrassed to admit I'm one of the few people in Washington who has never watched House of Cards. But this sorry state of affairs is soon about to change. That's because this hot Netflix show has just delivered me a pleasant surprise.

Self-Employment Taxes Are A Special Kind Of Hell

David A. Dedman | Posted 05.17.2015 | Money
David A. Dedman

Unfortunately, when you're self-employed this is your problem and nobody else's.

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.

GOP Hammers Obama Again With the Taxing the Rich Myth

Earl Ofari Hutchinson | Posted 04.11.2015 | Politics
Earl Ofari Hutchinson

The GOP cynically flips the table and blames the wealth gap and even the poverty rise on Obama's supposedly reckless tax and spend policies. This is more myth-making. Obama's budget has not broken the government's fiscal bank.

Obama's Plan to Address Corporate Tax Avoidance on Offshore Profits Is 'Not Nearly Enough'

Frank Clemente | Posted 04.04.2015 | Politics
Frank Clemente

For years everyone else has been picking up the tab for big corporations because our tax system encourages them to shift jobs and profits offshore. It's time for that to end. President Obama's plan does not go nearly far enough to do that.