For Corporate Elite, a 50 Percent Tax Discount
By statute, corporations are supposed to face a 35 percent income tax on their profits. Over the last three years, a new report reveals, corporations are paying at half that...
Taxation
The Greek Debt Crisis: What’s Going on in Europe?
As the economic news in the United States gets worse and worse every week, a lot of Americans are saying "at least we're not Europe." To read the press accounts,...
How Corporations Built to Loot Lobby to Win
Some of America's most flush corporations are demanding a tax holiday on their profits sitting offshore. But the last holiday, a new Institute for Policy Studies report makes clear, produced...
No Tax Holiday for Corporate Job Destroyers
Uncle Sam should support built-to–last companies, not built–to-loot enterprises. A powerful coalition of U.S.-based global companies is lobbying hard for a “tax holiday” on offshore profits. Companies like Google, Apple,...