iOS app Android app

Corporate Taxes

SEC Loophole Lets Companies Stash TRILLIONS Offshore

Posted 05.23.2013 | Business

The SEC is looking the other way when it comes to offshore subsidiaries and some of America's largest corporations are taking advantage. In recent...

Apple At Center Of Corporate Tax Fight

Reuters | Posted 07.22.2013 | Business

By Andy Sullivan, Gabriel Debenedetti and Poornima Gupta WASHINGTON, May 22 (Reuters) - For years, Apple Inc kept a low profile in Wa...

Mark Gongloff

The 1 Chart That Reveals Just How Grossly Unfair The U.S. Tax System Has Become

HuffingtonPost.com | Mark Gongloff | Posted 05.23.2013 | Business

Apple CEO Tim Cook waved a magic wand in front of America on Tuesday, vanishing our outrage over how shamelessly companies avoid paying taxes, leaving...

Apple on the Hill: What Can Be Learned From Yesterday's Hearing

Jared Bernstein | Posted 07.22.2013 | Business
Jared Bernstein

Because they can indefinitely shield their foreign profits from U.S. taxes, meanwhile engaging in endless (legal) schemes to avoid taxes in countries where they book those earnings, the link between the profitability of American companies and the well-being of America is broken.

Apple's Actual Tax Bill Is Far Lower Than It Tells Investors

Posted 05.22.2013 | Business

Apple's actual U.S. tax bill is far lower than the company tells investors, according to a Senate panel report. The Cupertino, Calif. company unde...

The Billion-Dollar Loophole Cook Forgot To Talk About

The Huffington Post | Jillian Berman | Posted 05.21.2013 | Business

When Apple CEO Tim Cook appeared before a panel of Senators Tuesday, much of the questioning centered around why so much of the company’s money sits...

Letter to Apple CEO Tim Cook from a Disgruntled Shareholder

Brian Levin | Posted 07.21.2013 | Technology
Brian Levin

I want Apple to innovate with new "incredibly great" products that wow the world like the iMac and iPhone did--not with new ways of nickel and diming Uncle Sam. Do what's right and stick to what Apple does best and continued success will surely follow.

Apple CEO: 'We Pay All The Taxes We Owe'

AP | MARCY GORDON and PETER SVENSSON | Posted 07.21.2013 | Business

WASHINGTON — The Senate dragged Apple Inc., the world's most valuable company, into the debate over the U.S. tax code Tuesday, grilling CEO Tim ...

Rand Paul Rips Congress For 'Bullying' Apple

The Huffington Post | Jillian Berman | Posted 05.21.2013 | Business

Rand Paul believes America owes Apple an apology. “I’m offended by a government that convenes a hearing to bully one of America’s greatest s...

Business Tycoon: 'Corporations Should Pay No Taxes'

The Huffington Post | Caroline Fairchild | Posted 05.21.2013 | Business

As Apple CEO Tim Cook sits before Congress to defend his company's tax strategy, one business tycoon is asserting a controversial stance on the issue....

The 7 Craziest Things About Apple's Tax Strategy

Quartz | Tim Fernholz | Posted 05.21.2013 | Business

Quartz: Leading up to Apple CEO Tim Cook’s testimony on his company’s dubious-if-legal tax strategies tomorrow, here’s the report (pdf) membe...

Report: Apple Is Paying Almost No Taxes On Its Billions Stashed Offshore

Posted 05.20.2013 | Business

Just one day before Apple's CEO Tim Cook is expected to argue for corporate tax reform on Capitol Hill, a new report claims that the company is avoidi...

Global Capital and the Nation State

Robert Reich | Posted 07.20.2013 | Business
Robert Reich

Google, Amazon, Starbucks, every other major corporation, and every big Wall Street bank, are sheltering as much of their U.S. profits abroad as they can, while telling Washington that lower corporate taxes are necessary in order to keep the U.S. "competitive."

You Won't Believe How Little Amazon Pays In UK Taxes

Reuters | Tom Bergin | Posted 07.15.2013 | Business

By Tom Bergin LONDON (Reuters) - Amazon.com's main UK unit paid taxes of $3.7 million on its 2012 income, despite group UK sales of $6....

Beware the Global Consequences of Further Declines in the American Middle Class

David Paul | Posted 07.11.2013 | Politics
David Paul

If the world is to sustain the momentum of economic development that is essential to Jim Yong Kim's optimism, the companies and countries that have benefitted from expanding free trade have a collective stake in figuring out a path forward that stanches the downward spiral of the American middle class.

Apple Dodges $9 Billion Tax Bill: Report

The Huffington Post | Mark Gongloff | Posted 05.01.2013 | Business

Sometimes going into debt can actually save you money. Just ask Apple. Our favorite maker of shiny distractions went $17 billion into debt on Tuesd...

8 Outrageous Corporate Tax Loopholes

The Huffington Post | Jillian Berman | Posted 05.01.2013 | Business

Even though corporate tax breaks cost the U.S. government billions every year, the particulars of how they work remain a mystery to many Americans. Th...

These Companies Are Pocketing Billions From Little-Known Tax Break

The Huffington Post | Jillian Berman | Posted 04.25.2013 | Business

Hundreds of Fortune 500 companies are reaping billions at the expense of Uncle Sam because of a legal tax break that critics claim defies "common sens...

WATCH: The United States of Inequality

Bill Moyers | Posted 06.18.2013 | Politics
Bill Moyers

Inequality in America is now at the greatest level in modern history and shows no signs of abating. Corporate profits are at record highs. But have those companies invested that in new jobs? No. Did they at least give their workers a bump in pay? Hardly.

Report Reveals Staggering Cost Of Corporate Tax Breaks

Reuters | Posted 06.15.2013 | Business

* GAO says corporate tax break costs jumps * April 15 deadline for lobbyists to submit comments on revamp * Corporate i...

PLAY:'Tax Evaders' Video Game Lets Players Blast Alleged Tax Dodgers

Posted 04.12.2013 | Business

Had enough with all the alleged tax dodging going on these days? There's a video game for that! The Citizen Engagement Lab developed a new game in...

Repatriation of Corporate Cash Abroad

Frank A. Weil | Posted 06.09.2013 | Politics
Frank A. Weil

Today a lot of companies sit back and wait for a repeat of that opportunity. In the meantime, the money remains pretty much sterilized and does little to benefit either American workers or investors.

Retail Group Backed By Apple, Nike Pushes Lawmakers For Tax Breaks

The Huffington Post | Jillian Berman | Posted 04.09.2013 | Business

Walmart, Apple, J.Crew and scores of other famous retailers are members of a group pushing for changes in the corporate tax code that would benefit co...

Mark Gongloff

Companies That Pay Little In Taxes Whine For Lower Rates

HuffingtonPost.com | Mark Gongloff | Posted 04.01.2013 | Business

America's corporate giants didn't get where they are by sitting back and accepting the status quo, people, which is why paying next to nothing in taxe...

Close Corporate Tax Loopholes, Not Public Schools

C. Robert Gibson | Posted 05.29.2013 | Chicago
C. Robert Gibson

If you want more kids to grow up into responsible, successful adults who contribute to our society, and if you want lower crime rates and prison populations, investing in good public education makes sense.