Tag Archive | "Citizens for Tax Justice"

“Some will rob you with a six-gun, and some with a fountain pen”: A New Corporate Tax Scam

I love that quote from Woody Guthrie (H/T to Citizens for Tax Justice for using it). Says it all, from the halls of the Chamber of Commerce to the corporate suites to the Congress. Today’s use of the fountain pen comes courtesy of another corporate scam to avoid taxes.

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Obama: Companies “cherry-picking the rules, and it damages the country’s finances”

I detect a president who thinks he’s found a very potent political argument. Having gone soft on the bankers, letting all the big fish skate after wrecking the economy, the president has figured out that people just won’t stand for a tax system that leaves regular people holding the tab while CEOs figure out how to screw the public, day after day. And, so, he’s now personally calling for an end to so-called tax “inversions”

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No, Miles, It Does Matter

Love those CEOs obfuscating the truth. I know, you’re shocked. This little pearl comes in the arena of tax avoidance.

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When You Hit That Pothole This Weekend, Thank Corporate GREED

For the millions of people hitting the road at this very hour, and in the hours to come, it’s going to be a bumpy journey, crashing through potholes after pothole, rutted road after rutted road, and creaky bridge after creaky bridge–all thanks to the dismal shape of the country’s infrastructure (which gets a D+ from the American Society of Civil Engineers). No doubt, drivers will curse a whole list of people–but a small wager that few give up a few choice words for a big culprit: corporate greed.

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NOT BREAKING: American Corporations Playing By Different Rules As They Steal From The Public

It’s not “breaking news” because it’s pretty common knowledge that corporate America–or, more accurately, American-based corporations–is treated differently allowing it to rob the public, day after day. Still, worth adding to the list another absurd new tidbit in the saga of how to rip off the American public through tax dodging.

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Fortune 500 Stashing $2 TRILLION Overseas, Dodging $550 Billion In Taxes, The People Pay The Tab

Big money. Two trillion dollars. If you could touch it, it would reach…oh, I dunno, I’m not going to tell you how high that stack would go and, actually, the point is, you can’t touch it: it’s stashed overseas. In corporate bank accounts. But, here’s the beauty: if you want to know what it feels when the Fortune 500 fleece the country to the tune of $550 billion in dodged taxes on that $2 trillion hiding in foreign bank accounts, just pull out your billfold…empty…well, that’s cuz the tab for that fleecing is on YOU.

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Is the Obama Administration Blocking International Efforts to Stop Corporate Tax Avoidance?

Well, unfortunately, and not surprisingly, the answer to this question is “yes”. I’ve taken this headline almost verbatim from Citizens for Tax Justice (CTJ) which has been trying to stop this scam for a long time–and is getting no help, and, in fact, the opposite from the president.

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Shell Game: The Republican $1.7 Trillion Tax Cut for Corporations & The Rich

In a way, I’m not sure this is news, in that Republicans shilling for big corporations and the very wealthy is not new but old (and throw in the clutch of Democrats who are willing shills for that scam). But, there it is: the Dave Camp shell game that, at the end of the day, will be a $1.7 trillion tax give away to the very wealthy and corporations.

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Ryan’s Budget: More Welfare For The Rich

Just so we’re clear, and this bears repeating even if it is obvious, the richest people in the country are going to, once again, be the gift of more welfare-for-the-rich under the tax proposals of House Budget Committee Chairman Paul Ryan–while, just by the numbers, lower income people will get hit with a tax increase. Don’t you love this system?

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Don’t Extend Those…Extenders

With tax day looming, I’ll try to throw in more on the crazy world of tax policy — which usually means how corporations and rich people are taking us for a ride courtesy of very willing politicians. Today, it’s all about tax extenders.

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A Worthy Budget

Most of the nonsense coming from Congress about budgets — and that nonsense is particularly of a Republican Party flavor but also emanating from Democrats — touts more tax breaks and tax cuts for business. It’s entirely crazy. The one island of sanity comes from the Progressive Caucus.

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That Sucking Sound? It’s The 73 Billion-Dollar Corporate Robbery of The States

What I really like about corporate skullduggery is that at least it’s usually done with big numbers, as in billions of dollars. Nothing on the cheap (except, of course, when it comes to paying workers). In another installment of “how can we fill our coffers, pay our CEO millions of dollars and fleece the public” comes today’s news: Corporate-based America is robbing the states of billions of dollars by dodging taxes.

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The President’s Tax Gift To Corporations Is Just Class Warfare Redux

With one hand, he giveth a few dollars to the people, and with the other hand, he showers huge corporations with a tax gift that is astounding in its…audacity? That’s how I suggest you can look at the president’s executive order to pay more workers overtime (a good thing) versus his budget proposal to…pay attention now..CUT corporate tax rates.

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Camp Fail, Fail, Fail

I know, you are shocked, shocked, shocked that the proposal from Congressman Dave Camp, the Republican chairman of the House Ways and Means Committee, is awful. But, good to have the facts on exactly why.

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NOT BREAKING: Corporations “Pay Little or No Federal Income Taxes”

It’s new data but not a new revelation because this bit of news is nothing we haven’t already become accustomed to. Corporations are robbing the country, robbing because corporations pocket profits made possible from all the investments in human and physical capital made thanks to taxes regular people pay but the same corporations do squat when it comes to paying a fair share.

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Tax Cut Hocus Pocus Part II

Yesterday, I wrote about a report that basically said it’s a myth that tax cuts are a huge boon to the economy. Well, there’s actually a second part to that.

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