The resulting company will be located where it is located now. It will make and sell products in the same places it makes and sells them now. The same executives will occupy the same buildings. It will receive the services...
If there was ever an Elizabeth Warren speech to see, it is this one: The Massachusetts senator warns about what is happening with the coming corporate tax reform fight and why we should be paying attention.
It's time for a more balanced approach to budgeting. Let's look at just three reforms to our loophole-riddled tax code that could raise the money we need to avoid more painful service cuts.
How many times have we heard corporate-funded conservatives and "centrists" whine about "deficits" and demand budget cuts? What if you knew these corporations owed $620 billion in taxes?
A letter to Congress counters the argument that corporations are being harmed by the current corporate tax code and that the remedy is a change to a "territorial" tax regime.
The tax plan from Donald Trump is a big deal, but not nearly as big a deal as it would be for people in the top 1 percent, who would get a tax break averaging $184,000 a year under his plan.
The tax plan the Republican candidate has released this week shows he is as wedded to failed conservative economic orthodoxy as his relatives and the rest of the Republican political leadership.
A petition launched today says that if the online retailer "is really trying to be 'mindful, transparent, and humane,' it must pay its fair share of taxes at home."
Etsy is certified as a socially responsible retailer and markets itself that way, but that is belied by its use of an Irish subsidiary through which it can avoid paying taxes on its profits.
One of the proposals gaining traction in Congress for fixing what everyone agrees is a broken tax system is switching to a territorial tax for corporations. Here’s what you need to know about how it works.
"The proposal appears to fail two principles of corporate tax reform," says a letter authored by Americans for Tax Fairness: It would not increase revenue and it would encourage more shifting of jobs and profits offshore.
This time short-term congressional paralysis offers the chance to prevent a long-term disaster. Progressives gets three months to break the momentum of a corporate tax giveaway and get a better transportation bill.
Now that the corporations have fast-track trade authority in the bag, they are trying to push a huge, huge tax giveaway through Congress. We have to get the word out so this doesn't just sneak through.
If the goal was to determine if voters back "the White House plan" for highway funding through corporate tax relief, the pollsters didn't ask the right question. Here's what they should have asked.
With "fast track" done, the big corporations are now pushing for massive tax giveaways. This is another exercise of raw corporate power by the few to take what they want from the many.
Who pays when companies like Walmart are able to dodge taxes by pretending their profits are made elsewhere and keeping the cash outside of the country? There is a better way.
According to an Americans for Tax Fairness report, the company has at least $76 billion in profits in locations around the world where it has no stores. The only plausible reason is to avoid paying U.S. taxes.
Sen. Bernie Sanders introduces bills that would allow every public college and university in the United States to offer free tuition, paid for with a small tax on financial transactions.
"Our results are inconsistent with the view that cuts in top state income tax rates will automatically or necessarily generate growth," says a report from the Tax Policy Center.
Today is Tax Day, and Republicans are voting to repeal the estate tax. This is a huge, huge tax cut for only the top 0.2 percent – people worth more than $5.4 million (and couples worth $10.9 million).
This tax season, America’s billionaires are toasting you, the ordinary taxpayer. That’s because you’re the one picking up the tab for our nation’s ailing infrastructure of roads, bridges, and rail transport, among other things.
Next week, House Republicans plan to vote to eliminate the estate tax, standing tall to defend the inheritances of the multimillionaires. They choose dynasty over democracy in America.
Should America’s taxpayers be subsidizing all those millions in compensation that CEOs are collecting? Rep. Barbara Lee from California doesn’t think so. Her bill addressing that problem has just been introduced.
As Democrats on the Senate Finance Committee release a report today on schemes used by wealthy people to avoid paying taxes, the Republican chairman wants "more attention" on taxing lower-income people.
The story is pretty much the same in conservative state after conservative state: The 1 percent pay a significantly lower percentage of their income in state and local taxes than middle-income residents.
The president's budget will trigger a new battle over America's direction. It contains many sensible proposals. But hidden in it is the next corporate sting: a massive tax break for multinationals. Here is how the rules get rigged.
How many companies are already shifting even more jobs and profit centers out of the country because of this proposed tax holiday? Have we already lost 10,000 jobs since they announced it?
A former Campaign for America's Future "Progressive Champion" and a libertarian Republican have jointly created a Frankenstein of a plan that pardons corporations for their past tax avoidance.
Politicians in both parties and in both houses are coalescing around a plan to pay for transportation improvements by giving corporations a deep tax break on profits they have held overseas.
Sen. Sheldon Whitehouse has released a "tax fairness plan" that would ensure that people with multimillion-dollar incomes pay their fair share in taxes. Meanwhile, conservatives cling to their tax-cuts-for-corporations agenda.
House Republicans start the new Congress by declaring that tax cuts defy gravity and that future disability payments should be held hostage to set the stage for Social Security cuts.
We should return the top corporate tax rate to 50%. Why let a few already-wealthy people reap the entire return from We the People's investment in corporate profitability?
State and local tax breaks are exploited by wealthy corporations, propping up businesses that generate massive wealth for CEOs and shareholders while keeping wages and benefits down for rank-and-file workers.
The major tax break that was about to be left off the "make permanent" list in the "tax extenders" bill President Obama threatened to veto last week – the Earned Income Tax Credit – disproportionately benefits rural families.
Some of the special tax breaks in the extenders package are really good and serve an important purpose. Others include loopholes that actually encourage corporations to shift U.S. profits offshore into tax havens.
The kingpins of Congress have spent years carving tax loopholes that help America’s CEOs fleece the federal treasury. Now these kingpins are pushing a corporate tax ‘reform’ that ignores the loopholes.
Walmart avoids paying on average $1 billion a year in federal taxes through aggressively exploiting tax loopholes, according to a report released today by Americans for Tax Fairness.
Corporations owe taxes on the $2 trillion of profits these companies have already made. Who should get this money? We could let corporations keep the money – or use it to give ordinary Americans a $2,000 check.
It pays to remember the work Congress is not doing to ensure corporations pay their fair share of taxes. Some of the consequences are laid out in a report on CEO compensation and corporate taxes released today.
Americans want what 21st century politics has so far not delivered: real options for challenging concentrated wealth. That's one conclusion from new polling that gave Americans a choice of seven tax policy options.