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Tax Loopholes

Unfair Tax Policies Still Throwing Small Businesses for a Loop

John Arensmeyer | Posted 10.17.2014 | Small Business
John Arensmeyer

Some work has been done recently to address tax loopholes for large corporations, such as the notorious corporate tax inversions, which put small businesses at a disadvantage, but more needs to be done to help level the playing field for small businesses.

Obama Administration To Take Action Against Tax-Avoidance Inversion Deals

AP | JOSH LEDERMAN and JIM KUHNHENN | Posted 09.23.2014 | Politics

WASHINGTON (AP) — The Obama administration cracked down Monday on certain overseas corporate mergers and acquisitions, aiming to curb American compa...

Inequality for All: The Republican Goal

Gerry Myers | Posted 09.09.2014 | Politics
Gerry Myers

By continuing to cater to the rich who don't want to impose reasonable regulations on Wall Street, Republicans continue to propel the injustices of the past. The corruption and the fraud that made the rich richer and collapsed our economy continues to be unrestrained.

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 ...

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...

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.

No More Subsidizing Corporate Tax Cheats

Rep. Rosa DeLauro | Posted 09.28.2014 | 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.

Obama: Offshore 'Tax Inversions' Are Unpatriotic

AP | Posted 07.26.2014 | Politics

WASHINGTON (AP) — President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic. ...

Inverted 'Patriotism'

Lisa Gilbert | Posted 09.06.2014 | 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.

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...

Michael McAuliff

WATCH: Republicans Pass 'Twinkie Subsidy' In Tax Break Package

HuffingtonPost.com | Michael McAuliff | Posted 05.29.2014 | Politics

WASHINGTON -- Democrats charged Republicans with passing a "Twinkie subsidy" in a package of tax breaks Thursday that will add $304 billion to the def...

Michael McAuliff

House GOP Backs Tax Breaks That Add $300 Billion To Deficit

HuffingtonPost.com | Michael McAuliff | Posted 05.30.2014 | Politics

WASHINGTON -- The House Ways and Means Committee pushed ahead a set of tax breaks Thursday that would add another $304 billion to the deficit over 10 ...

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

J. David Cox Sr. | Posted 06.02.2014 | 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.

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...

Extend Emergency Unemployment Insurance Benefits Now!

Marian Wright Edelman | Posted 02.26.2014 | Politics
Marian Wright Edelman

Most Americans are wrapping up their holiday celebrations and pondering the promise of 2014. But millions of Americans who have been struggling the longest to find work in our slowly recovering economy are now facing deep uncertainty and despair instead of a Happy New Year.

Time for a Holiday That Brings Full Employment

Munir Moon | Posted 02.07.2014 | Politics
Munir Moon

By removing the Scrooge-like obstacles embedded in the tax code, exiled cash could be fueling our sputtering American economy instead of creating jobs and investments in China or Vietnam by American multinational corporations.

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...

A Corporate Tax Idea That Fixes Lots of Problems

Dave Johnson | Posted 10.30.2013 | Business
Dave Johnson

Some people say we should just repeal the rule that lets companies defer taxes due on profits earned outside of the country until they bring it home. But that undoes the benefits that were the original reason to allow deferral.

The Challenge of Tax Reform: A Price Without a Product

Jared Bernstein | Posted 09.30.2013 | Politics
Jared Bernstein

While the reformers are running around trying to get folks excited about tax expenditures (the price), government (the product) is increasingly dysfunctional.

In The Public Interest : Four Reasons Lawmakers Are Scrutinizing How Companies Turn Settlements From Wrongdoing Into Tax Write Offs

Phineas Baxandall | Posted 09.01.2013 | Politics
Phineas Baxandall

The oil giant BP paid for cleanup and compensation for their massive Gulf oil spill, and rightfully so. But was this a "necessary and ordinary cost of doing business" that deserved a $10 billion tax break? I think most of us would respond with a resounding, "no!"

Lessons From the World of Tax Avoidance: How Nations Can Negotiate With Global Capital

Robert Reich | Posted 07.26.2013 | Politics
Robert Reich

Why should Apple have access to U.S. consumers if Apple refuses to pay its fair share of taxes to finance the infrastructure and education that Americans need to improve their living standards? Americans could buy from one of Apple's competitors instead.

The Billion-Dollar Loophole Cook Forgot To Talk About

The Huffington Post | Jillian Berman | Posted 05.21.2013 | Business

When Apple CEO Tim Cook appeared before a panel of Senators Tuesday, much of the questioning centered around why so much of the company’s money sits...

Calling Out the Corporate Charade

Sarita Gupta | Posted 06.17.2013 | Business
Sarita Gupta

Shareholder season is upon us, marking the beginning of another round of corporate America's dog-and-pony shows held to placate their cronies and pat each other on the back for another profitable year.

Facebook Paid A NEGATIVE 40.4 Percent Tax Rate In 2012, Group Claims

Posted 04.12.2013 | Business

Here’s something to “Like" if you're Facebook: getting a tax rebate despite pulling in billions in profits. The social media giant paid a nega...

Close Corporate Tax Loopholes, Not Public Schools

Carl Gibson | Posted 05.29.2013 | Chicago
Carl Gibson

If you want more kids to grow up into responsible, successful adults who contribute to our society, and if you want lower crime rates and prison populations, investing in good public education makes sense.