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Tax Holiday

Summer Break = Tax Break

Mark Steber | Posted 08.02.2016 | Business
Mark Steber

You can't beat the heat in August, but you can beat some of the sales taxes. Every August, many states celebrate and grant a tax-free week just befo...

Next Big One: Repatriation Tax Holiday Giveaway to Corporations

Dave Johnson | Posted 07.14.2016 | 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.

Will We Let Congress Hand Billion$ More to Big Corporations?

Dave Johnson | Posted 08.11.2014 | Business
Dave Johnson

The 2004 tax holiday only made things worse because companies realized they could get out of paying taxes entirely if they moved profits offshore and held out until the next holiday season. If we do it again, every company will be compelled to move jobs, factories and profit centers out of the country to stay competitive.

Back-To-School Tax Breaks On... Guns And Tech?

stateline | Elaine S. Povich | Posted 07.10.2013 | Politics

This piece comes to us courtesy of Stateline. Stateline is a nonpartisan, nonprofit news service of the Pew Charitable Trusts that provides daily repo...

Beware the New Corporate Tax-Cut Scam: LIFT Is A Big LIE

Dave Johnson | Posted 05.22.2013 | Business
Dave Johnson

LIFT stands for "Let's Invest for Tomorrow," but as Citizens For Tax Justice (CTJ) points out, it really ought to be called LIE, for "Let's Invest Elsewhere."

"Money Is Like Manure"

Frank A. Weil | Posted 02.12.2013 | Politics
Frank A. Weil

How can such a good and timely idea remain so obscure at a time like this? Perhaps Speaker Boehner and the president, in an effort to give something to everyone, should include something along these lines in their Grand Bargain next week.

How Tax Holidays Contributed to the Fall of the Roman Empire

E.J. Fagan | Posted 10.06.2012 | Business
E.J. Fagan

Repatriation holidays create vicious cycles. The first repatriation opens up the door to the possibility of avoiding taxes altogether, creating an expectation.

Apple to U.S.: You Can't Have Our Money!

The Huffington Post | Jillian Berman | Posted 03.19.2012 | Business

Apple has a bone to pick with the U.S. and its tax laws. Apple's CFO Peter Oppenheimer slammed U.S. tax policy on overseas profits as part of a hi...

Huge Corporations Gearing Up For Tax Reform Battle

Posted 12.23.2011 | Business

Huge U.S. corporations are forming lobbying groups to try to influence what could become the hottest congressional debate over comprehensive tax refor...

Multinationals Holding Nearly Half Of Untaxed Profits In The U.S.

Posted 12.15.2011 | Business

Multinational corporations likely have the means to invest the offshore profits in the U.S. without a tax holiday that they're billing as a job creato...

Republicans' Tax Dilemma

Chris Weigant | Posted 01.28.2012 | Politics
Chris Weigant

Have the Republicans in Congress painted themselves into a corner on taxes? They seem to be in the position of choosing between a number of courses of action, most of which would normally be seen as going against their principles.

Corporate Tax Holiday For Overseas Profits May Hurt Exports

Posted 12.31.2011 | Business

Any economic benefit that might result from a U.S. tax holiday for overseas corporate profits could be muted, or even reversed, if it strengthened the...

Tax Holiday Generates Holiday Gifts For Big Multinationals

Dave Johnson | Posted 12.25.2011 | Business
Dave Johnson

Have you heard about the "tax holiday" idea? The idea is to let corporations bring overseas profits back to the United States at a very low tax rate....

Occupy Repatriation: No Trillion Dollar Tax Break Without Hundreds of Thousands of Jobs

Brent Budowsky | Posted 12.13.2011 | Politics
Brent Budowsky

A tax holiday for massive repatriation without any jobs requirement would be a massive bonus rewarding American companies for exporting American jobs and outsourcing American prosperity.

Dan Froomkin

Congress Flips Bird To Occupy Wall Street | Dan Froomkin | Posted 12.13.2011 | Politics

WASHINGTON -- Even as protesters fed up with corporate power are occupying Wall Street, Congress is rushing to oblige it. In an iconic example of h...

10 Job Slashers That Benefited From A Tax Holiday

The Huffington Post | Harry Bradford | Posted 12.08.2011 | Business

More money doesn't always mean more jobs. Take when the U.S. government last imposed a tax holiday on offshore profits in 2004. Those companies that b...

No Tax Holiday for Corporate Job Destroyers

Chuck Collins | Posted 12.04.2011 | Business
Chuck Collins

Companies have parked huge amounts of profits -- a stash totaling more than $1.4 trillion --in offshore tax havens. They've stowed those funds abroad primarily to avoid having to pay federal taxes on that income. But now they want to bring their treasure to the U.S.

Conservative Group Changes Its Tune On Corporate Tax Holiday

Posted 12.04.2011 | Business

The Heritage Foundation, a conservative think tank, has changed its position on giving U.S. companies a tax break on overseas profits. The organiz...

Taibbi: No Uproar Over Potential Tax Holiday Deal In Debt Ceiling Deal?

Rolling Stone | MATT TAIBBI | Posted 09.20.2011 | Business

I’ve been in and out of DC a few times in recent weeks and one thing I keep hearing is that there is a growing, and real, possibility that a second ...

Bill Clinton: Corporate Tax Rate 'Uncompetitive,' Should Be Lowered

The Huffington Post | Alexander Eichler | Posted 09.04.2011 | Business

This post has been corrected. As the deadline to strike a deal on the debt ceiling draws closer, former president Bill Clinton criticized the natio...

JPMorgan Report: Tax Holiday Would Pack 'Bigger Punch' Than Fed Policies

The Huffington Post | Alexander Eichler | Posted 08.30.2011 | Business

This post has been corrected. Thomas Lee, chief equity strategist at JPMorgan, would really, really like a tax repatriation holiday. Lee release...

Repatriate American Jobs Before Foreign Profits

Brent Budowsky | Posted 08.30.2011 | Business
Brent Budowsky

America must become again a nation of job-producing patriotic capitalists. "Made in the USA" should be a clarion call with a resounding echo heard in Washington.

Matt Sledge

Corporate Tax Holiday Could Create Infrastructure Bank -- But Devil Is In The Details | Matt Sledge | Posted 08.22.2011 | Business

Rahm Emanuel has a proposition. A grand one, for big business, big unions, and Congress: let a corporate income tax holiday pay for a national infrast...

Zach Carter

Small Businesses Bash 'Tax Holiday' Plan For Corporate Titans | Zach Carter | Posted 08.22.2011 | Business

WASHINGTON -- Debra Ruh runs TecAccess, a small business that works with large companies and the federal government to help make their tech products a...

Big Businesses Ask For A Tax Holiday To Bring $1 Trillion Home

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

A group of multinational corporations is facing off against the Treasury Department over a massive tax holiday that the companies say could spur the e...