Corporate Taxes

Feb 8, 2016

Top 400 Taxpayers See Tax Rates Rise, But There’s More to the Story

As Americans were gathering party supplies to greet the New Year, the Internal Revenue Service released their annual report of cumulative tax data reported on the 400 tax r...

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Feb 4, 2016

Chlorine Bleach Plants Needlessly Endanger 63 Million Americans

Chlorine bleach plants across the U.S. put millions of Americans in danger of a chlorine gas release, a substance so toxic it has been used as a chemical weapon. Greenpeace’s new repo...

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Jan 25, 2016

U.S. Industrial Facilities Reported Fewer Toxic Releases in 2014

The Toxics Release Inventory (TRI) data for 2014 is now available. The good news: total toxic releases by reporting facilities decreased by nearly six percent from 2013 levels. Howe...

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Jan 22, 2016

Methane Causes Climate Change. Here's How the President Plans to Cut Emissions by 40-45 Percent.

UPDATE (Jan. 22, 2016): Today, the Bureau of Land Management (BLM) released its proposed rule to reduce methane emissions...

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What the GOP’s Putting Under Corporate America’s Tree

Dec 9, 2015 by Jessica Schieder

This year-end tax package is a grab bag of gifts for corporations and a lump of coal for working families.

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Treasury and IRS Make Inversions More Difficult

Nov 30, 2015 by Jessica Schieder

The Department of the Treasury and the Internal Revenue Service (IRS) acted last week to make corporate inversions more difficult for companies looking to swap their American address for a lower tax rate.

Corporate inversions allow U.S. corporations to register as a foreign corporation in order to lower the taxes they owe. But the transaction occurs largely on paper— meaning the location of many of a company’s employees, the markets the company serves, and the products themselves are unlikely to change significantly.

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Report: US Ranks as Third for Financial Secrecy

Nov 19, 2015 by Jessica Schieder

The Tax Justice Network has released the largest ever survey of global financial secrecy. The United States ranks third—only Switzerland (#1) and Hong Kong (#2) pose larger threats to financial transparency efforts, according to the index.

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Let's Stop the Tax Cuts for Corporations Instead

Oct 22, 2015 by Guest Blogger

How much would it cost to #StopTheCuts to all the non-defense programs threatened by sequestration next year? $37 billion. And even if the sequester is averted, funding for these programs would be at historically low levels, following years of reduced funding.

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Developing Nations Push Corporations to Pay Their Fair Share

Jul 23, 2015 by Jessica Schieder

Developing nations gathered at the Third UN Conference on Financing for Development in Ethiopia earlier this month and pushed for a more equitable approach to taxes—they want corporations to pay their fair share and contribute to the well-being of the nations that benefit their bottom lines.

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Offshore Tax Dodgers Jeopardize Long-Term Financial Health of American Small Businesses

Apr 16, 2015 by Jessica Schieder

Every small business would need to pay $3,244 in additional taxes to offset the $110 billion in federal and state revenue lost every year to offshore tax avoidance by multinational corporations, according to a new report from U.S. PIRG.

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President's Revenue Plan Rewards Tax Dodgers

Feb 2, 2015 by Scott Klinger

President Obama’s budget, which was released today, rewards corporate tax avoiders by forgiving hundreds of billions of dollars of corporate income taxes they owe on profits stashed offshore. The president proposed a minimum tax on offshore corporate profits last year, but only with today’s budget was he specific about the tax rates he would propose.

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Lawmakers Push to Stop Tax Haven Abuse

Jan 15, 2015 by Jessica Schieder

On Jan. 13, Rep. Lloyd Doggett (D-TX) and Sen. Sheldon Whitehouse (D-RI) introduced the Stop Tax Haven Abuse Act. The bill would eliminate incentives for U.S. companies to shift jobs overseas, close offshore loopholes to ensure corporations are paying their fair share in taxes, and change rules on corporate inversions.

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

Oct 22, 2014 by Jessica Schieder

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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