iOS app Android app

Inversion

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?

Inversion: Viagra for Tax Dodgers

Mike Lux | Posted 04.18.2016 | Politics
Mike Lux

Today our groups are urging supporters to tell the Treasury Department and Congress to close the inversion loophole permanently, and to require all American corporations to pay the taxes they owe.

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?

Tax Dodging Just One Part Of Pfizer's Corrupt Business Model

William Lazonick | Posted 12.06.2015 | Business
William Lazonick

If Pfizer is cash-constrained, it is far more likely that it is the golden handcuffs of stock-based executive pay that are the source of the problem.

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.

Tax Day: Deadline to Dodge Taxes?

Jaimie Woo | Posted 06.15.2015 | Politics
Jaimie Woo

Our loophole-ridden corporate tax code creates winners and losers. The winners are a narrow set of large multinationals that boast armies of tax lawyers and accountants, and the losers are average taxpayers and small business owners who are left to foot the bill.

New Year, Fresh Start: Congressional Dos and Don'ts

Jaimie Woo | Posted 03.22.2015 | Politics
Jaimie Woo

Another year has come and gone, and 2015 presents an opportunity to start fresh. With that in mind, it's time for the newly minted 114th Congress to make the right choices for the public's interest in its New Year's resolutions, and making the tax code fairer is a good place to start.

It's Not Over Yet

Jaimie Woo | Posted 12.23.2014 | Politics
Jaimie Woo

Our representatives will need to pass a continuing resolution to ensure funding for the federal government, and they're also likely to renew a collection of 55 temporary tax breaks, known as "tax extenders," that are set to expire at the end of this year.

Burger King: Being Your Way Is Not OK

Susan E. Harley | Posted 12.01.2014 | Politics
Susan E. Harley

In a move apparently to be more progressive, Burger King recently changed its motto from "have it your way" to "be your way." But the company's recent decision to merge with Tim Hortons and move its headquarters to Canada, which reportedly could score tax reductions for the company, is downright regressive.

Inversions Are Revealing the Ugly Face of Shareholder Value

Ralph Gomory | Posted 11.09.2014 | Business
Ralph Gomory

Seeing what our companies are willing to do to escape paying income tax, people are beginning to wonder about how American our American companies are.

Reforming Our International Tax System Is at the Heart of American Economic Competitiveness

Claire Buchan Parker | Posted 11.04.2014 | Business
Claire Buchan Parker

The fact that U.S. multinationals have not given up and are actively dealing with this tax challenge does not mean that the status quo fossilized in our outdated tax code shouldn't be addressed and in an urgent manner no less.

Instead of Banning 'Inversion,' Try This

Robert Whitcomb | Posted 11.02.2014 | Business
Robert Whitcomb

The aim should be to help streamline and detoxify our tax system, encourage economic growth and at least mildly mitigate the growth of a permanent plutocracy based on inheritance.

Warren Buffett Helping Burger King Cut Its Tax Bill

The Huffington Post | Mark Gongloff | Posted 08.26.2014 | Business

Warren Buffett has figured out how to anger people on both the right and the left when it comes to taxes. Buffett, America's most-beloved billionai...

Inversion Thinking

Nelson Davis | Posted 10.22.2014 | Small Business
Nelson Davis

The world I operate in is that of small to medium sized business enterprises and they aren't thought of in relationship to big international businesses and their issues.

Tax Inversion Wave Is Sweeping Away American Jobs

Gov. Jack Markell | Posted 10.19.2014 | Politics
Gov. Jack Markell

Congress and the Obama administration cannot wait any longer to come to agreement on reforming our corporate tax code to remove the loophole that creates this perverse incentive for sending job overseas and, instead, incentivize job growth at home.

Walgreen Co. Did the Right Thing, But Most Corporations Won't Without a Change in Tax Rules

Robert McIntyre | Posted 10.13.2014 | Politics
Robert McIntyre

Can someone realistically forego getting a prescription filled because it's made by a bad corporate citizen? Probably not. Only Congress and the Obama administration can truly stop corporate inversions.

The Window of M&A Opportunity for Transformative Deals Remains Open

Pip McCrostie | Posted 10.13.2014 | Business
Pip McCrostie

A broad-based recovery across a variety of sectors driven by the US should see market conditions continue to foster this trend -- making the next 6-12 months an ideal window of opportunity to do transformative deals.

Perhaps We Need Corporate 'Loyalty Oaths'

Dave Johnson | Posted 10.05.2014 | Business
Dave Johnson

We have drifted very far from our understanding of the relationship that is supposed to exist between We the People, our government, and the businesses that our government allow to exist.

Victory for Americans: Walgreen's Won't 'Invert' to Avoid U.S. Taxes.

Roger Hickey | Posted 10.05.2014 | Business
Roger Hickey

As conservatives have been telling us since the wave of inversions began, we can't expect corporations to be "moral" or "patriotic." If we write the rules that let them get away with immoral and unpatriotic betrayal of U.S. taxpayers, they will do it. So the next order of business is to get Congress to pass legislation.

'Patriotic' Big Banks Profit Helping U.S. Companies Dodge Taxes

The Huffington Post | Mark Gongloff | Posted 07.29.2014 | Business

After wrecking the U.S. economy and sucking hundreds of billions of dollars from American taxpayers for their own survival, what can our patriotic big...

Walgreens May Face Consumer, Political Backlash if It Elects to Become a 'Corporate Deserter'

Robert Creamer | Posted 09.26.2014 | Politics
Robert Creamer

Within the next several weeks Illinois-based Walgreens drug store chain is set to decide if it will become what President Obama referred to last week as a "corporate deserter" by tearing up its U.S. Citizenship in order to cut its corporate taxes.

Sick of Corporate Tax Defections

Susan E. Harley | Posted 09.24.2014 | Politics
Susan E. Harley

This week the U.S. Senate Committee on Finance held a hearing entitled "The U.S. Tax Code: Love It, Leave It, or Reform It!" where the focus was on th...

Shiftless Corporations Renounce America

Leo W. Gerard | Posted 09.20.2014 | 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.