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Corporate Taxes

Congress Should Keep Lights Off on Tax Package That Nets GE Billions in Tax Breaks

J. David Cox Sr. | Posted 04.03.2014 | Politics
J. David Cox Sr.

Sometimes, the inability of Congress to get things done is a blessing in disguise -- like, for example, failing to renew a bevy of tax breaks that overwhelmingly benefit big corporations and wealthy individuals.

Why We Are Losing the Tax Reform Debate

Martin Lobel | Posted 04.01.2014 | Politics
Martin Lobel

Reform does not mean raising taxes on the rich. It means cutting tax subsidies to the rich to slow the dramatic shift of wealth from the middle class to the very rich.

Ben Hallman

If GE Gets Its Way, The U.S. Government Could Lose $62.5 Billion

HuffingtonPost.com | Ben Hallman | Posted 04.01.2014 | Business

When it comes to squeezing big rewards from obscure provisions of the tax code, General Electric leaves nothing to chance. Over the past two years...

Dem Says Company Avoided Billions In Taxes

AP | STEPHEN OHLEMACHER | Posted 04.01.2014 | Politics

WASHINGTON (AP) — Manufacturing giant Caterpillar Inc. has used an aggressive tax strategy to shift profits overseas in order to avoid paying billio...

Corporate America Stashes $206 Billion Overseas, Fights Minimum Wage Hike, Is The Worst

The Huffington Post | Mark Gongloff | Posted 03.12.2014 | Business

Hey, Corporate America, are you befuddled as to why you are widely considered the mustache-twirling villain in the tragicomedy that is the U.S. econom...

Analysis: Boeing Paid No Federal Income Tax Last Year

The Huffington Post | Jillian Berman | Posted 02.20.2014 | Business

One of the largest recipients of federal government contracts paid nothing in taxes last year, according to an analysis from the Center for Effective ...

A Plan for Tackling Inequality: What's Needed Now

Winnie Byanyima | Posted 04.13.2014 | Business
Winnie Byanyima

Each nation and region has its own circumstances, and there is no one-size-fits-all solution. But we know that in countries which have successfully reduced inequality, progressive taxation has been an important tool, enabling governments to invest in good quality health care and education for their poorest citizens.

Ryan Grim

Microsoft's Bermuda Subsidiaries Subject To Tax Inquiry, Documents Show

HuffingtonPost.com | Ryan Grim | Posted 02.03.2014 | Business

Three Bermuda subsidiaries of Microsoft Corp. are involved in a tax inquiry launched by another country, according to documents made public by the Ber...

Speaker Madigan Pushes Massive Corporate Tax Breaks

Reuters | Posted 04.02.2014 | Chicago

By Karen Pierog CHICAGO, Jan 30 (Reuters) - With big Illinois state income tax increases set to partially expire in 2015, the Democrat...

Give Americans a Budget to Be Thankful For

Jo Comerford | Posted 01.27.2014 | Politics
Jo Comerford

This Thanksgiving, Congress should set aside dysfunction and the austerity mindset and give the American people a reason to be thankful: a federal spending and revenue plan that takes our best interests to heart.

Corporations Owe Hundreds of Billions of Taxes But GOP Goes After Federal Employees

Dave Johnson | Posted 01.27.2014 | Politics
Dave Johnson

Congress is again fighting over the budget with Republicans now demanding cuts in federal employee benefits. Is this really about the budget? Or is it about destroying government? Meanwhile hundreds of billions of taxes owed by corporations remain uncollected.

Colorado's Crazy Marijuana Tax

Pat Oglesby | Posted 11.07.2013 | Politics
Pat Oglesby

Basing a tax on a fictitious price means no one will ever know the correct tax. Taxpayers will spend time and money trying to beat the system, and government will spend time and money in self-defense.

Twitter Ready To Become The Tax-Dodging Club's Newest Member

The Huffington Post | Jillian Berman and Ben Hallman | Posted 11.05.2013 | Business

Twitter has yet to earn a profit, but if it ever does, the company could use a legal loophole to avoid paying taxes on millions of dollars. The mi...

Tax Breaks for Corporate Wrongdoing, Part 1: The FTC

Francisco Enriquez | Posted 12.29.2013 | Politics
Francisco Enriquez

Every year, the Federal Trade Commission, or FTC, negotiates hundreds of millions of dollars in deals with corporations to settle allegations of criminal wrongdoing. However, the FTC has ended up allowing bad actors to claim massive tax deductions for their wrongdoing.

Capturing Africa's Missing Billions and Making It Work for Its People

Winnie Byanyima | Posted 01.23.2014 | World
Winnie Byanyima

For a continent so rich in natural resources, how is it that many of Africa's countries fall among the lowest in global rankings of economic growth, despite exports of minerals, oil and gas from Africa worth roughly seven times the value of international aid to the continent?

Should Illinois Part With $20 MILLION To Keep This Company?

AP | MICHAEL TARM | Posted 10.02.2013 | Chicago

CHICAGO -- CHICAGO (AP) — A bid by Archer Daniels Midland Company for $20 million in state tax breaks as it decides whether to keep its global headq...

The $4 Billion Question: Do We Value JPMorgan More Than Consumer Protection?

Francisco Enriquez | Posted 01.23.2014 | Business
Francisco Enriquez

Is $4 billion in taxpayer money better spent subsidizing JPMorgan's alleged criminal activity or funding the federal agency charged with defending consumers from dangerous financial products?

Fixing Wealth Inequality

Edward Corcoran | Posted 11.03.2013 | Politics
Edward Corcoran

While wealth distribution was never expected to be equal, there is low awareness of how significantly this inequality has shifted in recent years and how poorly it compares with other countries.

Planning for a Disaster Now Can Help You if One Strikes

Mark Steber | Posted 10.28.2013 | Business
Mark Steber

Before you think "that will never happen to me" or "I will deal with it once it happens," remember, a few minutes of advance planning is better than the angst of post-disaster documentation searching and replacement.

What if Detroit Had Been the U.S.?

Sanjay Sanghoee | Posted 10.08.2013 | Business
Sanjay Sanghoee

While corporate profits soar and our biggest corporations increase in value by billions, the people of the city of Detroit, some of whom are also the customers and employees who keep those corporations in business, are insolvent.

The Three Biggest Lies About Why Corporate Taxes Should Be Lowered

Robert Reich | Posted 10.05.2013 | Business
Robert Reich

Instead of spending August on the beach, corporate lobbyists are readying arguments for when Congress returns in September about why corporate taxes should be lowered. But they're lies. You need to know why so you can spread the truth.

Repatriation Tax Mistakes

Dave Johnson | Posted 10.02.2013 | Business
Dave Johnson

If you reward bad behavior you create an incentive for the bad behavior to continue. This is certainly the case with taxes on profits made outside the country.

Ben Hallman

Bailed Out Bank Has Dirty Little Tax Secret

HuffingtonPost.com | Ben Hallman | Posted 11.11.2013 | Business

In 2008, Citigroup was an ailing financial giant on the verge of collapse, an event only averted, most economists agree, by a huge emergency infusion ...

Sam Stein

McConnell's Sequester Deal Would Replace 'Crappy Cuts With Crappy Cuts'

HuffingtonPost.com | Sam Stein | Posted 07.30.2013 | Politics

WASHINGTON -- Congressional Democrats aren’t jumping at the latest offer from Senate Minority Leader Mitch McConnell (R-Ky.) in the two parties' sti...

How Big Finance Crushes Innovation and Holds Back Our Economy

Lynn Parramore | Posted 09.25.2013 | Business
Lynn Parramore

Whatever happened to innovation in America? President Obama told us that our future depends on it. Across the political spectrum, everyone pretty much agrees that innovation is vital to prosperity. So why aren't we getting the job done?