Tag Archive | "Citizens for Tax Justice"

Secret Offshore Accounts: Companies Dodging $600 Billion In Taxes

Thirteen days away, tick tock, tick tock…everyone is getting ready to write those checks to the IRS for the money they owe on income earned–you know, the ones that fund highways, education, health care and, grumble, war.

Except for corporations, of course. It’s the same old story–dodge, dodge, dodge a fair share of taxes. $600 billion.

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Three Reasons For The Estate Tax

It’s pretty sad that we still have to make the argument that 4,700 estates (or the richest 0.18 percent all of estates) need to keep paying taxes on their estates. But, alas, there we are.

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A “House of Cards” Tax Scam…By Netflix Producers of “House of Cards”

Full disclosure: I’ve made by contribution to the popularity of “House of Cards” by watching all three seasons (FWIW, I though the third season was stilted, pretty boring in many parts and, basically, a slightly edgier version of “The West Wing” and that’s not meant as a positive…). That said, this doesn’t surprise me because no corporation is immune from trying to take advantage of our dumb tax system that consistently rewards corporations for no good reason at the expense of taxpayers.

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Obama’s Tax Plan: The Good and The Ugly

Some things you gotta like in the president’s tax plan. Other things…not so much.

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Even The Right-Wing Business Press Admits: Big Tax Give Away Won’t Create Jobs

It’s no surprise to people in the reality-based world–you know, the people who look at facts–that most corporate tax cuts are not going to create jobs. All that bleating from the bi-partisan chorus that fawns over the “job creators” (read; overpaid corporate executives) and never met a corporate tax break it didn’t like (especially tax breaks that oil up those campaign contributions…looking at you, Steny Hoyer) ignores the reality that the promised jobs, in return for tax cuts, just don’t materialize–not to mention jobs that pay a decent wage.

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Can We All Dance Around The $42 BILLION Bonfire?

It gets to a point, in this crazy world–the world in which our bridges are falling down, roads are crumbling, hospitals are closing down, schools don’t have enough supplies for kids–when flushing $42 billion down the drain just seems like no big fucking deal. In the pathetic bi-partisan world of budget nonsense and more give-aways for corporations and the elite, $42 billion is seen as a “compromise.”

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Tim Cook Should Stop Hiding Billions In Taxable Profits From The People, Gay & Straight

I am of two minds about Tim Cook’s public declaration that he is gay. On the one hand, good for him if he thinks that it emboldens other people to not be afraid of their sexual preference being known publicly. On the other hand, if the message is that, you, too can come out but only once you are the CEO of one of the most powerful corporations in the world–and you can do all that while fleecing the U.S. government of billions of dollars in revenue…well, it’s a moment to pause and consider.

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Bad And Worse

While everyone is focused on the polls and the dwindling chances of the Democrats to hold the Senate, on the tax policy front, it’s just horrendous, with the choices in the upcoming lame duck session of Congress verging from “bad” to “very bad”.

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The IRS Is Like Nazis…Or So A Right-Wing Lunatic Film Says

This could be funny since it’s the rantings of some seriously crazy people. But, the end result of a very stupid film is just more unhinged hate of government.

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Ohio Inversion

Another day brings yet another company scamming the taxpayer with a tax inversion gimmick.

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Hey, Corporations: Since You Are A “Person”, Before You Flee The US, Pay Your Taxes–Like People

Ok, so, most sane people don’t buy into the idiotic idea that corporations should have the same standing as people. But, right now, thanks to a majority of morons on the Supreme Court, that’s the law. So, fine, then, while we try to close the loopholes on tax inversions, let’s apply a similar standard: the […]

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Burger King’s Whopper Strategy: Your Waistline Expands, The Company’s Tax Bill Shrinks

A couple of weeks ago, I wrote about Burger King’s tax inversion strategy–you know, the clever tax dodge strategy that’s all the rage among the corporate elite because it funnels hundreds of billions of dollars overseas and outside the reach of the IRS. Well, that apparently isn’t the half of it. Burger King has a two-pronged approach to screwing the country–at the waistline and at the bottom line.

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Eliminating The Corporate Tax Has Got To Rank As One Of the Dumbest Ideas

Politics is full of really asinine ideas–let’s see, the Iraq War counts as a good example. But, for perhaps the dumbest one going I’d offer up the mumbling, coming from even some Democrats, to eliminate the corporate tax. It is stupefyingly idiotic–in the midst of the greatest divide between rich and poor in 50 years, and corporate profits rising to record levels even as wage growth remain at its lowest level in half a century.

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Burger King’s Whopper Isn’t Just Food–It’s A Mouthful Of Tax Dodging-And-Lies

Before I rip Burger King a new one, a moment of full disclosure: I haven’t walked into one of those joints in I dunno 25 years. So, maybe it’s worth the whatever it costs now to choke down and swallow that stuff. But, know this: every dollar you put into that place now is basically a contribution to yet another tax dodge–theft from the public’s right to have a decent society.

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It’s Not Hard To End Corporate Tax Dodging (Inversions): A Roadmap For Congress/White House

It isn’t complicated and it’s not rocket science. The thievery underway in the form of corporate tax inversions can be stopped if there was a will to do so. It’s a problem with three easy-to-describe pieces–and some pretty straightforward solutions. The issue is: does the White House, beyond an election-year messaging stunt, really want to stop the robbery of the American taxpayer?

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EXPOSED: Corp Taxes Are NOT High, U.S. Corps “world leaders in global tax avoidance strategies”

I couldn’t help the “EXPOSED” start to the headline because, actually, this is no surprise. Citizens for Tax Justice has been making this case for a very long time (including here, just as one example). But, here’s another piece of evidence to try to undo that hard-wired, decades-long rhetorical nonsense about corporate taxes being too high in the U.S.

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