If you get a speeding ticket, do you get to deduct the fine from the income tax you owe? Then why should JPMorgan Chase be able to deduct from its taxes a $20 billion fine for wrongdoing as a cost of doing business?
An Illinois company is considering a combination with the French corporation that is the home of Dannon yogurt in the latest example of a corporate "inversion" designed to lower its U.S. tax bill.
Their headquarters, executives, operations, employees, customers and everything else stay here. They still use our courts and roads, etc. The only thing that changes is the taxes they pay.
At a Senate Finance Committee hearing this week, the committee chairman and a panel of witnesses were united in supporting immediate action to combat "inversions," an increasingly used tax-avoidance tactic.
How does it feel to be the CEO of a “defector corporation”? Do such executives face the opprobrium of society as they enjoy the fruits of this land that has given them so much? So far, apparently not. But that may be changing.
Sen. Rand Paul mocked the Obamas for wanting their daughters to experience working for minimum wage. My experience taught me “the value of work,” and to value workers for whom earning a living isn’t always fun, stimulating, or fair.
Here are five companies – only a handful of the total – that have or are trying to renounce their U.S. citizenship to avoid paying taxes to help cover the benefits they receive.
Corporations that “invert” park their assets, staff and sales in the U.S. But with their sham overseas addresses, they won’t pay taxes on foreign income to the country that protects them.
When these companies and the billionaires behind them don't pay their taxes, guess who has to make up the difference — or suffer the cutbacks in the things government does to make our lives better?
The idea is to tax corporations based on where sales are made, not where profits are reported. If a company has 50 percent of its sales in the U.S., the U.S. would tax 50 percent of its worldwide profits.
Walgreens receives a quarter of its revenue from health care programs funded by U.S. taxpayers, but is considering renouncing its U.S. "citizenship" to avoid paying taxes for the U.S. services it uses and customers it gets.
Ingersoll-Rand, which changed its corporate address to Bermuda to avoid American corporate taxes, is one of at least a dozen such companies that together get more than $1 billion in federal contract dollars annually.
Fast food CEO Andy Puzder says that raising the minimum wage will harm workers and kill job growth. A new study of the 13 states that have tried it says otherwise.
Fortune lists companies that "sure seem American—except when it comes to paying taxes" and publishes a denunciation of an "exceptionalism" that enables companies to avoid taxes but benefit from being American.
Just as the White House was registering its opposition to a corporate tax holiday for companies that are sheltering profits overseas, a House Democrat was selling the proposal in a campaign ad.
Medtronic is as American a company as they come. But if Medtronic’s management has its way, the company will soon become Irish. Why? Because everybody evades their taxes nowadays.
More than 3 million people have lost their emergency unemployment benefits since House Republicans allowed the program to expire. Witness Wednesdays is bringing some of those voices to Washington. Will the GOP listen?
Corporations currently owe up to $700 billion in unpaid, “deferred” taxes. Congress can make them pay, or let them off the hook. Guess which choice Congress is about to make.
Low-income families weren’t the only ones hurt by cuts to food stamps last fall. Top Walmart executives also took a hit. But Walmart’s board rejiggered bonus criteria so executives could reap “performance” payouts, at taxpayer's expense.
For all the gains we have been making, the treatment of low-paid workers by some of the most profitable corporations in the world ranks high in the more significant causes of the growing inequalities in the U.S.
Another leak of another secretly negotiated treaty reveals another assault on our ability to make our own laws and another boost for the largest (and dirtiest) corporations.
"Establishment" Republican Tom Tillis believes that the minimum wage is a "dangerous idea" and should be abolished. But as a candidate for the U.S. Senate in a state that supports the minimum wage, he's dodging the issue.
Multinational companies owe us up to $700 billion in taxes. They say they’ll pay some of that tax money if we let them off from paying it all. For some reason just telling them to pay their taxes isn't on the table.
From the perspective of the federal government, tax breaks are no different from any other kind of federal spending. And in 2013, the federal government spent an astounding $1.18 trillion on tax breaks.
The House is about to get it all wrong in today's vote for a research and experimentation tax credit bill. Here's why the Campaign for America's Future has joined Americans for Tax Fairness in calling for a "no" vote.
The enormous, humongous trade deficit is doing incredible damage to our economy. Our country’s elites used to care about that.
What would otherwise be a virtuous economic cycle has been broken by wrong-headed economic austerity. The filibuster of a minimum wage bill Wednesday in the Senate is the latest example.
It is not entirely fair for President Obama to dismiss critics of the Trans-Pacific Partnership for having a "lack of knowledge" of what is being negotiated, as he did at a recent news conference.
Religious leaders "driven by Scripture’s repeated admonitions against exploiting and oppressing workers" remind us that the Senate vote on the minimum wage is not just a key vote politically.
Today is no time to be silent. Call the Senate at 202-517-2321. Even if our phone calls don't produce a breakthrough today, we know it is possible wear enough Republicans down.
A huge trade treaty is coming that will change the relationship between giant corporations and governments around the world. Why is the American corporate media telling the public so little about it?
The march to the Capitol was organized by National People’s Action, the Restaurant Opportunities Centers United and the National Domestic Workers Alliance. It capped a week of "pro-equality populism"
The CEOs of America's 20 largest restaurant chains must be providing diners some mighty fine service. Their 'performance' is costing Uncle Sam nearly a quarter-billion dollars a year.
This week, they don’t come any nuttier than Nevada rancher Cliven Bundy, and the right-wing pundits and politicians who rushed to defend his range war against the federal government. Revolution was almost nigh, until Budy shot off his mouth.
Research concludes that if you're making less than $87,000 per year (the current 90th percentile wage), the Trans-Pacific Partnership would mean a pay cut. But that's fine for corporations who want this treaty.
Obamacare didn’t come with ”death panels," like conservatives claimed it would. So, Republican governors and state legislatures formed their own. Until the death of Charlene Dill, the victims of those death panels were invisible.
Call 661-BOEHNER and tell House Speaker John Boehner to stop the excuses and put help for the long-term unemployed up for a vote. And join today's "Twitter storm" at 2 p.m. Eastern to #RenewUI.
The New York Times gets it right: It's time to "improve the ground rules of global trade." In the face of overwhelming evidence of the damage done by NAFTA-style trade deals, could the tide of elite opinion be changing?
What do you call it when an anti-Semite and white supremacist goes on a shooting spree at not one, but two Jewish facilities, killing three people? If you’re the U.S. media you call it anything, but terrorism.