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Corporate Taxes

Now It's Burger King Renouncing US Citizenship -- Let's Eat Somewhere Else

Dave Johnson | Posted 08.27.2014 | Business
Dave Johnson

Every single step to Burger King's success was backed and enabled up by our taxpayer-funded American system. Our government is the reason that Burger King is extremely profitable.

John Boehner And Top Republican Profit From Corporate Inversions

The Huffington Post | Sam Levine | Posted 08.27.2014 | Politics

House Speaker John Boehner (R-Ohio) and House Ways and Means Committee Chairman Dave Camp (R-Mich.) personally profited from a corporate tax loophole ...

Curbing Corporate Inversions Through Public Pressure for Economic Patriotism

Anne Tucker | Posted 08.20.2014 | Business
Anne Tucker

Public pressure for economic patriotism and corporate stewardship must be a part of any permanent solution. It will mitigate market-based profit maximization pressures. Brand identity and consumer loyalty are not subject to the kind of loopholes that riddle the tax code or the partisan gridlock in Washington, D.C.

Are American Corporations Really Less Competitive Because of Taxes?

Dave Johnson | Posted 08.20.2014 | Business
Dave Johnson

Corporations are complaining that this (lowered) rate makes them "uncompetitive" and are demanding "corporate tax reform." Because job creators -- or something. This time they threaten to -- or do -- renounce their U.S. citizenship. But are corporate tax rates really "uncompetitive"? And what does that even mean?

A Progressive Way to End Corporate Inversions

Jonathan Reiss | Posted 08.18.2014 | Business
Jonathan Reiss

The preferential treatment of capital gains and dividend income is a huge benefit to the 0.1%. On the other hand, the burden of corporate taxes is likely borne more widely. The current system penalizes smaller "patriotic" companies and benefits large multinationals.

Chiquita Bananas Could Face Boycott Over Plan To Ditch America

The Huffington Post | Alexander C. Kaufman | Posted 08.15.2014 | Business

Chiquita may be the next major corporation to split from the U.S. to avoid taxes. The banana giant rejected a $625 million buyout bid by Brazilian ...

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

Robert McIntyre | Posted 08.13.2014 | 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.

Alexander C. Kaufman

How Americans Scared Walgreens Out Of A $4 Billion Tax Dodge

HuffingtonPost.com | Alexander C. Kaufman | Posted 08.08.2014 | Business

Walgreens just rocked the boat for companies fleeing U.S. soil to avoid paying taxes. Walgreen Co., the drugstore chain's parent company, announced...

Wealthy Businessman Pushes Bill Tying Corporate Taxes to CEO Salaries

Capital and Main | Gary Cohn | Posted 08.07.2014 | Politics

The following story was reported by Capital and Main and published here in collaboration with The Huffington Post. Sign up here for email update...

Jon Stewart Exposes The Most Outrageous Corporate Tax Dodge Yet

The Huffington Post | Ed Mazza | Posted 07.31.2014 | Comedy

It's the corporate tax loophole that could be costing you billions. American companies are quietly changing their paperwork to make it seem as if they...

Let's Call 'Corporate Inversion' for What It Is: A Gaping, Unpatriotic Tax Loophole

Richard Trumka | Posted 07.29.2014 | Politics
Richard Trumka

We need to start demanding a little more patriotism from these corporations. If they want to keep benefiting from everything our great country has to offer, they need to start showing a little more loyalty to the people who live and work in America.

No More Subsidizing Corporate Tax Cheats

Rep. Rosa DeLauro | Posted 07.29.2014 | Politics
Rep. Rosa DeLauro

Too many American corporations have recently sought to renounce their corporate citizenship and reincorporate as a citizen of another country in order to avoid paying a fair share of taxes. The technical term for this practice is an "inversion," but it really is a perversion of our tax laws.

The Increasing Irrelevance of Corporate Nationality

Robert Reich | Posted 07.29.2014 | Business
Robert Reich

Who's us? Who's them? Increasingly, corporate nationality is whatever a corporation decides it is. So instead of worrying about who's American and who's not, here's a better idea: Create incentives for any global company to do what we'd like it to do in the United States.

Shiftless Corporations Renounce America

Leo W. Gerard | Posted 07.21.2014 | 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.

A Simplified Way to Tax Multinational Corporations

Dave Johnson | Posted 07.15.2014 | Business
Dave Johnson

The epidemic of tax inversions represents just one of many ways corporations are dodging their taxes by taking advantage of our outdated and rigged corporate tax system.

How A Fairer Tax Code Can Improve America's Infrastructure

Rep. Sandy Levin | Posted 07.09.2014 | Politics
Rep. Sandy Levin

The Stop Corporate Expatriation and Invest in America's Infrastructure Act will put an end to tax-avoiding corporate expatriations and devote the resulting revenue to the Highway Trust Fund, which will address the immediate funding crisis facing America's highway and transit systems this summer.

Inverted 'Patriotism'

Lisa Gilbert | Posted 07.07.2014 | Politics
Lisa Gilbert

Inversions occur when U.S. companies buy out usually smaller, foreign corporations and reincorporate in another country to avoid U.S. corporate taxes. For example, Walgreens, the uber-American drugstore with deep roots in Illinois, has begun the process of merging with a Swiss company.

Who Do Americans Hate During Economic Downtimes? It's Not Who You Think

Daniel Cubias | Posted 08.26.2014 | Latino Voices
Daniel Cubias

On top of devastating the country, wiping out many people's savings, and increasing the obscene gap between the wealthy and the rest of us, the Great Recession may have had the side effect of increasing racial tension.

Immigration and American Aging

Michael Hodin | Posted 08.25.2014 | Fifty
Michael Hodin

If David Brat's huge upset of Eric Cantor has legs across America, it may well mean the end of the great political goal of immigration reform.

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.

Ben Hallman

Walgreen Ponders $4 Billion Tax Dodge

HuffingtonPost.com | Ben Hallman | Posted 06.11.2014 | Business

Walgreen, the biggest U.S. retail drugstore chain, is considering decamping to Switzerland in a quest for bigger tax breaks, just two years after reap...

How Your Tax Dollars Subsidize Walmart Executives' Paychecks

The Huffington Post | Jillian Berman | Posted 06.04.2014 | Business

While Walmart customers suffer from government belt-tightening, Walmart executives thrive on government tax breaks. It's good to be rich. Over the...

Watch: Joseph E. Stiglitz Calls for Fair Taxes for All

Bill Moyers | Posted 08.02.2014 | Politics
Bill Moyers

A new report by Nobel Prize-winning economist Joseph E. Stiglitz for the Roosevelt Institute suggests that paying our fair share of taxes and cracking down on corporate tax dodgers could be a cure for inequality and a faltering economy.

Zach Carter

Iowa Senate Candidate Earned Millions Leading Company That Paid No Taxes

HuffingtonPost.com | Zach Carter | Posted 05.22.2014 | Politics

WASHINGTON -- Mark Jacobs, a top GOP contender for the seat of departing Iowa Sen. Tom Harkin (D), made more than $34 million as a top executive at Re...

Congress Should Promptly Enact Legislation to Help Close Tax-Driven Corporate 'Inversions' Loophole

Chye-Ching Huang | Posted 07.21.2014 | Politics
Chye-Ching Huang

Pfizer's recent effort to merge with much smaller UK-based AstraZeneca, and then convert itself into a "U.K. company" and avoid U.S. corporate taxes -- even though its U.S. shareholders would continue to own a majority in the merged company -- highlighted a gaping hole in current corporate tax law.