by Leo Gerard | Jul 22, 2014 | Blog, Economy, Tax Reform
Early last week, the drug firm Mylan stomped on the Stars and Stripes as it ditched America for the Netherlands. Then, on Friday, the drug company AbbVie similarly renounced America. For 30 pieces of silver, it will become Irish. Medical device maker Medtronic...
by Dave Johnson | Jul 22, 2014 | Blog, Tax Reform
Our anti-government, anti-tax policies have seriously benefited the few gazillionaires who are paying to promote and propagandize these policies, but this is seriously costing the rest of us, our economy and our country. We the People are being looted and it is time...
by Dave Johnson | Jul 15, 2014 | Blog, Tax Reform
You've been hearing a lot about corporations "renouncing their U.S. citizenship" through "tax inversions." This is when a company buys or merges with a non-U.S. company and claims to no longer be based in the U.S. to get out of paying certain taxes. The company does,...
by Dave Johnson | Jul 11, 2014 | Blog, Tax Reform
Here's the latest corporate tax scam: Companies are renouncing their U.S. corporate status and claiming that their headquarters are instead located in one or some other low-tax country, like Switzerland. The technical word for what they are doing is an "inversion." It...
by Isaiah J. Poole | Jul 8, 2014 | Tax Reform
To add insult to the injury being done by corporations that essentially renounce their U.S. corporate citizenship to avoid U.S. taxation, many of these same companies are winning federal contracts – often in violation of laws designed to limit these contracts to...
by Isaiah J. Poole | Jul 7, 2014 | Blog, Economy, Tax Reform
Fortune Magazine is out with its list of "Top American corporate tax avoiders," members of the S&P 500 that "sure seem American—except when it comes to paying taxes." These are companies that even a top cheerleader for the corporate class can't bring itself to defend....
