by Jim Hightower | Jul 29, 2014 | Economy, Tax Reform
Did you scramble to get your taxes done this year at the last minute? Yeah, me too. I really didn’t mind paying what I owe — but I hate having to pay the taxes owed by the likes of JPMorgan Chase, ExxonMobil, and Amazon. They’re just a few of the astonishingly...
by Isaiah J. Poole | Jul 28, 2014 | Tax Reform
The corporation that is best known for blending yogurt is about to be known as the base for a not-so-delicious corporate tax-avoidance scheme. The New York Times is among the outlets reporting today that an Illinois drug maker that you likely haven't heard of,...
by Dave Johnson | Jul 25, 2014 | Blog, Tax Reform
There is more and more interest in the stories about corporations "renouncing" their U.S. citizenship in order to evade paying taxes for the courts, roads, military, schools, and other public services that have made them prosperous. They are using something called...
by Nick Jacobs | Jul 25, 2014 | Economy, Tax Reform
A Senate hearing this week revealed a broad consensus on the need for short-term action against “inversions,” an increasingly used corporate tax-dodging tactic. The Senate Finance Committee’s chairman, Sen. Ron Wyden (D-Ore.) indicated at its hearing on Tuesday that...
by Richard Eskow | Jul 24, 2014 | Blog, Tax Reform
Walgreens is the pharmacy that, at least according to its website, can be found “at the corner of Happy & Healthy.” If its executives have their way, however, it may soon be found near the intersection of Ziegelackerstrasse and Untermattweg in Bern, Switzerland....
by Dave Johnson | Jul 22, 2014 | Blog, Tax Reform
Corporations get enormous benefits that regular “persons” do not. One of the biggest is limited liability. This means that the shareholders are not liable for the debts of the corporation. A corporation can get in a lot of trouble, financial and otherwise, and then...
