by Richard Eskow | Aug 27, 2014 | Blog, Health, Tax Reform
Our economy is broken. There’s one economy for the wealthy, and another for the rest of us. This division has been worsened by the behavior of corporate executives who manage their corporations for short-term personal gain rather than for long-term fiscal soundness....
by Dave Johnson | Aug 26, 2014 | Conservatism, Tax Reform, Winning Issues for 2014
There is legislation before Congress to do something about corporations renouncing their US "citizenship." The odds are that Republicans will block it -- and not just because they have obstructed everything else. There is a wave of news about corporations using a...
by Dave Johnson | Aug 26, 2014 | Blog, Tax Reform
Burger King is the latest company announcing plans to renounce its U.S. citizenship in order to dodge taxes. It plans to buy Tim Hortons and then pretend Tim Hortons bought them so they can claim to be Canadian. (Tim Hortons renounced its own U.S. citizenship in 2009...
by Dave Johnson | Aug 20, 2014 | Blog, Tax Reform
Corporate tax rates used to top out at 52.8 percent. Later rates were lowered to 48 percent and then 46 percent. Then in 1986 corporations complained that this (lowered) rate made them "uncompetitive" and demanded "corporate tax reform." Because job creators. So the...
by Roger Hickey | Aug 6, 2014 | Blog, Tax Reform
Yesterday afternoon the Wall Street Journal’s MarketWatch reported the news: “Walgreen Stock Tumbles on Report It Won’t Invert.” Citing unnamed sources (and Sky News), the bulletin reported that Walgreens has decided not to “invert” the company’s nationality to become...
by Dave Johnson | Aug 5, 2014 | Blog, Tax Reform
Several American corporations are using a tax loophole scheme called "inversion" to get out of being American corporations obligated to pay American corporate tax rates. They buy or merge with a non-U.S. corporation (usually located in a tax haven), pretend they are a...
