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Corporate Taxes

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 04.26.2016 | 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 04.25.2016 | 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 04.21.2016 | 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 04.18.2016 | 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 04.14.2016 | 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 04.13.2016 | 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 04.11.2016 | 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 04.08.2016 | 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.

Obama Can Stop Pfizer's Tax Rip-Off

Frank Clemente | Posted 03.25.2016 | Politics
Frank Clemente

You already know big pharmaceutical companies are ripping you off by charging too much for their medicines. But did you know they're also hurting you by dodging their fair share of taxes?

Bernie Sanders Isn't the Socialist Candidate Conservatives Should Be Scared Of

Dale Hansen | Posted 03.18.2016 | Politics
Dale Hansen

If you're the kind of person that thinks people who support Bernie Sanders are idiots because "someone has to pay for that free college", you need to recognize that someone also has to pay for the Republican backed socialist wealth redistribution that benefits rich individuals and corporations.

Elizabeth Warren: The Steps We Should Be Taking Towards Income Equality

Quora | Posted 03.17.2016 | Politics

What do you think are the real reasons that no Wall Street executives have been prosecuted for fraud as a result of the 2008 financial crisis? origina...

GOP Reaps What It Sows: Donald Trump

Mary Ellen Harte | Posted 03.11.2016 | Politics
Mary Ellen Harte

Republicans have used savvy marketing to successfully pad the pockets of their rich supporters over the past several decades as they misled the remai...

Big Corporations Will Always Cheat on Their Taxes. Here's How We Should Deal With It.

Ian Reifowitz | Posted 02.16.2016 | Politics
Ian Reifowitz

First, I'm going to tell you some things that will make you ill. Then I'm going to present a cure. It will make you feel better -- until, of course, you realize that knowing the cure brings us as close to implementing it as buying an electric guitar does to making you a rock star.

Common Weaknesses in the Republicans' Tax Proposals

David Coates | Posted 01.25.2016 | Politics
David Coates

Though for understandable reasons the leading Republican presidential candidates continually emphasize the things that divide them, we would do well to concentrate rather on the things that do not.

Extreme Inequality Is Not Inevitable

Raymond C. Offenheiser | Posted 01.22.2016 | Impact
Raymond C. Offenheiser

Just 53 men and 9 women have as much wealth as more than 3.6 billion people on this planet. Such a startling statistic highlights how extreme inequality has picked up a dramatic pace.

Families Advance With Recent Tax Bill, But Corporations Got a Lot More

Frank Clemente | Posted 12.22.2015 | Politics
Frank Clemente

We have a long way to go towards the day when corporations routinely pay their fair share of taxes and families and communities get the public services they deserve. It may sound like a Christmas miracle today, but we can get there.

Tim Cook: Accusations Against Apple Are 'Total Political Crap'

Reuters/The Huffington Post | Nico Pitney | Posted 12.18.2015 | Technology

Apple Inc Chief Executive Tim Cook dismissed as "total political crap" the notion that the tech giant was avoiding taxes. Cook's remarks, made on CBS'...

What to Do About Disloyal Corporations

Robert Reich | Posted 12.06.2015 | Politics
Robert Reich

In 2013, Pfizer raked in nearly $4 billion on sales of the Prevnar 13 vaccine, which prevents diseases caused by pneumococcal bacteria, from ear infections to pneumonia -- for which Pfizer is the only manufacturer. Other countries wouldn't allow their patent systems to justify such huge charges. Neither should we -- especially when Pfizer stops being an American company.