“Fix the Debt” Corporate Supporters Would Reap $173 Billion Windfall from Territorial Tax

Fifty-nine corporations behind the “Fix the Debt” campaign could reap $173 billion in immediate tax windfalls if a “territorial tax” is enacted, according to a new report by the Institute for Policy Studies.

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More than a Half Million Sign Petition Against Tax Havens

More than 590,000 individuals have signed a petition to G8 leaders calling on them to address tax havens and tax avoidance. The signatories are asking international leaders to “agree and implement tough, binding measures to combat tax evasion” at the G8 Summit to be held in Northern Ireland starting on June 17.

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Offshore Tax Havens May Be Addressed at G8 Summit

The issue of offshore tax havens appears likely to play a central role at the annual multinational G8 summit, set to begin June 17. On this side of the Atlantic, Apple’s recent high profile testimony before Congress brought media attention to the issue. The hearing called attention to strategies of “tax avoidance” that saved Apple more than $8 billion in taxes in 2009, 2010, and 2011.

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Transparency is Key for Sustainable Growth, Global Panel Says

Open and accountable government is key to successful development, according to a report by a United Nations (UN) panel released May 30. The report, titled A New Global Partnership: Eradicate Poverty and Transform Economies through Sustainable Development, was produced by a panel of global dignitaries at the request of UN Secretary-General Ban Ki-moon. The report's emphasis on transparency represents the growing consensus among world leaders in favor of open government and could bolster support for transparency within the U.S.

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Who Pays for Corporate Tax Dodgers? YOU DO.

Find out how multinational corporate tax cheating hurts the average tax payer. From We're Not Broke, the story of U.S. corporations dodging billions of dollars in income tax, and how seven fed-up Americans take their frustration to the streets... and vow to make the corporations pay their fair share.

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The Truth About Corporate Tax Rates

The tax rate is 35%. Corporations complain it's too high. But how much are they really paying? From We're Not Broke, the story of U.S. corporations dodging billions of dollars in income tax...

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Tax Havens, Animated

Tax Havens 101: The high cost of going offshore, an animation by The Washington Post, illustrates how offshore tax havens allow investors to legally – and quite easily – dodge taxes and accountability. This loophole costs our country billions in lost revenue. A recent report by U.S. Public Interest Research Group (PIRG) found that these tax havens cost the average taxpayer $1,026 and each small business $3,067 each year.

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How Do Billion-Dollar Corporations Cheat America Out of Tax Revenue?

Find out how corporations use transfer pricing to shift profits offshore and get out of paying taxes in the U.S.  From We're Not Broke, the story of U.S. corporations dodging billions of dollars in income tax, and how seven fed-up Americans take their frustration to the streets... and vow to make the corporations pay their fair share.

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How Do Giant Corporations Get Away with "Legal" Tax Cheating?

 

See how multinational corporations lobby to write their own tax laws. From We're Not Broke, the story of U.S. corporations dodging billions of dollars in income tax, and how seven fed-up Americans take their frustration to the streets ... and vow to make the corporations pay their fair share.

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Christmas Comes Early for the IRS

I Pity the Fool that Tries to Avoid Taxes Now

With the House's clearance of the $447 billion omnibus spending bill on Thursday and the Senate expected to pass the same legislation this weekend, the Internal Revenue Service (IRS) is set to finally get that substantial boost in funding this year.

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