corporate tax

Amazon, Chevron, Netflix, Eli Lilly, IBM and General Motors are reaping tax cut benefits and paying nothing.
More bad news for middle America after corporate taxes were slashed.
The youngest woman ever elected to Congress appears to be getting under the right-wing actor's skin.
He’s never run for office before, he’s married to his high school teacher, and until two years ago, no one had ever heard of him. This is Emmanuel Macron - the next French President.
Apple is only the latest big global American corporation to use foreign tax shelters to avoiding paying its fair share of U.S. taxes.
You never hear the reformocons talk about arithmetic in their speeches. They talk about inequality and upward mobility and the American middle class. They talk about all sorts of expensive new plans, and they never mention that there's a catch.
The aim should be to help streamline and detoxify our tax system, encourage economic growth and at least mildly mitigate the growth of a permanent plutocracy based on inheritance.
Some people say we should just repeal the rule that lets companies defer taxes due on profits earned outside of the country until they bring it home. But that undoes the benefits that were the original reason to allow deferral.
Why should Apple have access to U.S. consumers if Apple refuses to pay its fair share of taxes to finance the infrastructure and education that Americans need to improve their living standards? Americans could buy from one of Apple's competitors instead.
There is a big push going on to again reduce tax rates for the giant multinational corporations. See if you can guess who will make up the difference?
Putting aside the debates between the effectiveness supply-side economics and whether an increase in sales tax would disproportionately negatively impact the poor, state sales tax only plans cannot make up for the lost revenue under current laws. The reason?
Fundamental to an industrial policy is a Value Added Tax that's rebated on exports. The Corporate Tax is not.
Since Japan lowered its rate last April, our corporate tax rate has been the highest in the world. There is no disagreement in Washington, believe it or not, that a 35% rate is too high. What complicates things is that very few if any corporations actually pay that rate.
We have a debate between the right -- Republicans like Mitt Romney who would cut corporate taxes and ask them to pay less -- and a business-friendly, centrist president who won't call on corporations to pay more. "Fair share?" -- not so much.
Why isn't the White House just proposing to close the loopholes without reducing overall corporate tax rates? That would generate more tax revenue that could be used for, say, public schools.
The promise was displayed prominently at the top of the "economy" section of Obama's campaign website. However, the language regarding the windfall profits tax vanished in an unceremonious and abrupt manner.
While the traveling Republican circus continues in its drawn-out pursuit of a winner, the policies which will be pursued by whichever Republican wins go largely unchallenged by a mainstream media preoccupied with the immediate details of the show.
* Obama seen calling for lower rate, in line with peers "We will talk more before the end of the month on what corporate