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Tax Loophole

Ben Hallman

States Crack Down On Corporate Tax Loophole While Congress Does Nothing | Ben Hallman | Posted 02.10.2014 | Business

Montana isn't often considered a fiscal policy pioneer, but in 2003 lawmakers closed a corporate tax loophole that was costing the state millions of d...

Time to End the Internet's Tax-Free Ride

Tom Cochran | Posted 07.28.2013 | Business
Tom Cochran

By leveling the playing field, all businesses will be able compete in a fair and equitable way. Brick and mortar stores will no longer be used as mere showrooms for merchandise that consumers end up purchasing online at a discount because of the absence of a sales tax.

Ben Hallman

Obama Sets Sights On Lucrative Tax Break Used By Romney | Ben Hallman | Posted 02.05.2013 | Business

For chief executive Stephen Schwarzman, running the private equity firm Blackstone Group has proven enormously lucrative, bringing him nearly $140 mil...

Facebook To Save $16 Billion In Taxes On IPO

Bloomberg View | Paula Dwyer | Posted 05.21.2012 | Business

Bloomberg View: Facebook Inc.'s IPO will create billions in new wealth for its founders, employees and investors. It will also save the company bil...

Dan Froomkin

Dems Target Romney's Tax Loophole | Dan Froomkin | Posted 04.09.2012 | Politics

WASHINGTON -- A tax dodge that millionaire hedge fund managers use to slash their income taxes could soon become a major election issue, as congressio...

Dan Froomkin

Big Donors To Mitt Romney's Super PAC Could Reap Many Dividends | Dan Froomkin | Posted 03.01.2012 | Politics

WASHINGTON -- One thing's for certain about most of the biggest donors bankrolling the main pro-Mitt Romney super PAC: They are canny investors. Pr...

Obama Tax Plan Would Raise Taxes On Investment Managers

The Huffington Post | D.M. Levine | Posted 02.22.2012 | Business

Part of the tax proposal announced by the Obama administration on Wednesday would shut down a controversial loophole that allows hedge fund managers a...

How Income Inequality Undermines Social Security's Finances

Daniel Marans | Posted 01.16.2012 | Politics
Daniel Marans

If politicians want to completely restore Social Security to long-range balance, they should consider scrapping the cap entirely. That is what, poll after poll reports, the American people overwhelmingly favor.

Amanda Terkel

Labor Battles Hit Washington State | Amanda Terkel | Posted 06.08.2011 | Politics

This story has been updated. WASHINGTON -- Inspired by the uprising in Wisconsin over workers' rights, Washington state residents have turned out a...

Lucia Graves

Liberal Tea Party? U.S. Uncut Disrupts Service At Bank Of America | Lucia Graves | Posted 05.25.2011 | Business

Demonstrators posing as a liberal Tea Party disrupted service at banks across the country on Saturday, in an effort to spotlight the gimmicks multi-bi...

Class Warfare: John Kerry & Other Senators Hold Unemployed Hostage to a Tax Break for the Rich!

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

The first news I read this morning was a very depressing New York Times editorial. Here's what I learned from the sobering statistics in this ...

Tobacco Companies Using Loophole To Avoid Hundreds Of Millions In Taxes

AP | MATT APUZZO | Posted 05.25.2011 | Business

WASHINGTON — When President Barack Obama signed a law expanding children's health insurance this spring, he slapped tobacco companies with huge ...

U.S. PIRG Catches Tax Haven Loophole In Appropriations Bill

The Huffington Post | Arthur Delaney | Posted 05.25.2011 | Business

The U.S. Public Interest Research Group sent a letter Tuesday to members of a Senate appropriations subcommittee calling out a corporate tax haven loo...

Thomas B. Edsall

Obama Seeks To Kill Hedge Fund Tax Break | Thomas B. Edsall | Posted 05.25.2011 | Politics

If there is one tax loophole that looks dead in the water, it's the law that lets hedge fund and private equity managers pay a 15-percent capital-gain...

Bailed-Out Firms Use Offshore Tax Havens

AP | KEN THOMAS | Posted 05.25.2011 | Business

WASHINGTON — Eighty-three of the nation's 100 largest corporations, including Citigroup, Bank of America and News Corp., had subsidiaries in offshor...

Executive Pay and "The Market Economy"

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

It's pretty hard these days to justify astronomical executive pay. In 2007, the average CEO's pay of $10.5 million was 344 times higher on average than the average worker's wage.