Citizens for Tax Justice
Trump's tax plan, his refusal to raise the minimum wage, his insistence that American workers make too much money, his anti-union stances, all endear him to his fellow 1 percenters. With pledges like these, Trump plans to guarantee that he - and his billionaire buddies - can continue taking too much.
About half of the benefits would go to the wealthiest 5 percent of Americans.
Each year, Illinois loses $1.2 billion in corporate income tax revenue, according to Illinois PIRG. Opponents and business advocates argue strenuously that closing tax loopholes harms job creators and encourages big business to relocate to other states.
Republicans Are in Corporations' Pockets on Tax Inversions -- Democratic Senate Candidates Should Hammer Them for It
Sen. Schumer urged Congress to craft a stricter definition of inversion and enact a ban on "earnings stripping." Earnings stripping? You'll love this. Earnings stripping refers to a practice by which a foreign-based parent corporation loans large sums to -- wait for it -- itself.
Sometimes, the inability of Congress to get things done is a blessing in disguise -- like, for example, failing to renew a bevy of tax breaks that overwhelmingly benefit big corporations and wealthy individuals.
Critics say it's more of the same out of an Obama Administration that in the first term had a cozy relationship with corporate patrons.
GE Breaks Law, Avoids Taxes. Gets Billions From Gov't, Avoids Taxes. Gets White House Post -- Ah, You Know The Rest.
GE has probably avoided paying its fair share of taxes in a "legal" way -- if the word "legal" can be used to describe a system where corporations pay for the privilege of influencing politicians to bend the law in their favor.
It's been a big week for calling out corporate tax dodgers.
The report, put out by the U.S. Public Interest Research Group and Citizens for Tax Justice, finds that Pepco Holdings -- the
Many large U.S. corporations also have shifted their profits overseas in order to avoid federal taxes. "They're so busy avoiding
The fact that companies are paying no taxes when America's working families are still struggling to winter what Fed Reserve Chairman Ben Bernanke continues to recognize as a failed or failing recovery is a prime example of what is exacerbating income inequality in America.
Saturday was "move your money" day. Wall Street banks won't tell how many customers they lost. But depositors, more than 78,000 of whom pledged to make the move, made their point. They voted differently. They voted with their feet and their wallets. And they won.
"The truth is that over the past 10 years Wells Fargo has paid more than $30 billion in income taxes to federal and state