Flow of Illicit Money Undermines Governments and Impedes Development

A lack of transparency in the global financial system hinders the ability of governments worldwide to stop the flow of illicit money that comes from crimes like tax evasion, money laundering, and bribery. These illegal flows rob many poor nations of their opportunity to develop and thrive.

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Congress Slashes EPA Budget Again Despite Strong Public Support for Strengthening Health Protections

In a continuing effort to dismantle the ability of the U.S. Environmental Protection Agency (EPA) to protect public health and the environment, Congress is poised to adopt a fiscal year 2015 budget that would reduce the agency's funding for the fifth year in a row.

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Environment, Workers, and Financial Protections Among the Hardest Hit in 2015 Spending Bill

With just two days remaining to avert another government shutdown, congressional leaders released a much-anticipated $1 trillion funding package on Tuesday night, setting spending levels for the vast majority of federal agencies through Sept. 30, 2015. The legislation delivers big blows to critical public protections and the resources we need to make investments in infrastructure and public protections.

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400 Richest Americans Paid Same Effective Tax Rate as a Family Earning $105,000

The 400 Americans with the highest incomes paid roughly 18 percent of their earnings in federal income taxes in 2010, down from just under 20 percent in 2009, according to the Internal Revenue Service (IRS). Of the 400 elite taxpayers in 2010, 37 paid an effective tax rate of less than 10 percent.

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Verizon Disputes Our Report Without Backing Up Its Claims

Last week, my colleague Sarah Anderson and I published Fleecing Uncle Sam, which examined large corporations that paid their CEOs more than they paid in federal corporate income taxes.

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Paying CEOs More than Uncle Sam

WASHINGTON, Nov. 18, 2014—Of America’s 30 largest corporations, seven paid their CEOs more last year than they paid in federal income taxes, according to a new report by the Institute for Policy Studies and the Center for Effective Government. The report, Fleecing Uncle Sam, also looks at the 100 highest-paid CEOs in 2013, finding that 29 received more in pay than their company paid in federal income taxes – up from 25 out of the top 100 in our 2010 and 2011 surveys. These 29 companies operate 237 subsidiaries in tax havens.

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Here’s the First Company to Ever Disclose CEO-to-Worker Pay Ratio While Citing the Dodd-Frank Act

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 required companies to begin disclosing the pay ratio between CEOs and the median pay of company employees.  Four years of struggle ensued, with many corporations arguing the disclosure would be costly if it could be done at all. The SEC has yet to issue a final rule, but is expected to soon, calling for disclosure to begin for all companies starting in 2016.

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Number of Children Benefiting from Federal Low-Income Child Care Program at a 15 Year Low

The number of children receiving child care funded by the Child Care and Development Block Grant (CCDBG) fell to a 15-year low, according to CLASP analysis of data from the Department of Health and Human Services. The CCDBG is the primary source of federal funding for helping low-income families pay for child care, with half of the families who receive benefits living below the poverty level.

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Faces of the Growing Retirement Divide: Meet the 14 CEOs Whose Company Retirement Accounts Total $1.34 Billion

Fourteen of the CEOs of leading American corporations have at least $50 million in their company retirement accounts.  Four of these men accumulated more than $140 million each. Together, the 14 amassed more than $1.34 billion in retirement assets. Some of these funds are in pensions, the rest in deferred compensation accounts similar to 401(k)s.

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End of the "Double Irish" Scheme Could Take a Bite Out of Apple's Tax Avoidance

Last May, many were shocked to hear that one of their favorite companies, Apple, was acting less than patriotically. The corporation was stashing profits out of the reach of the U.S. Treasury.

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