Corporate Tax Avoidance in the First Year of the Trump Tax Law (tags)
The tax breaks identified in this report are highly concentrated among a few very large corporations. Just 25 companies claimed $37.1 billion in tax breaks in 2018. That’s almost exactly half the $73.9 billion in tax subsidies claimed by all 379 companies in our study.
New US Bills Introduced to Tackle Global Tax Avoidance and Corruption (tags)
This week a series of legislation was introduced in the House and Senate that takes aim at corporate tax avoidance and foreign corruption.
Trump's "Greatest Tax Reform of History" - A Windfall for Millionaires and Corporations (tags)
Under the Trumpian tax reform, the corporate tax rate could fall from 35 to 15%. The drastic reduction of the corporate tax will lead to lower tax revenues of $2 trillion in 10 years. "This is not fiscal policy but a robbery led by Trump."
Five myths about tax havens (tags)
When tax havens assist kleptocratic elites in hiding their cash with impunity, they don’t guard against corruption and despotism — they help perpetuate them. Tax havens provide an escape route from laws that is available only to a rich minority that can afford to use it...
Indigenous Hispanic areas also Economic Rights US (tags)
Many Central and South American countries claim to have indigenous populations. This is true and false. Panama, Costa Rica Venezuela and Colombia have rates under 2% each. The substantialsubstantial populations are in
OECD Takes Strong Stance on Corporate Tax Avoidance (tags)
The Organization for Economic Cooperation and Development (OECD) released a major proposal for curbing corporate tax avoidance yesterday. The OECD recommends international cooperation to prevent large corporations from avoiding taxes in the countries where they do business. The OECD plan comes amidst increased calls to crack down on corporate tax avoidance.
IMF Paper: Corporate Tax Avoidance Hurts Global Economy and Poor Countries (tags)
The International Monetary Fund (IMF) released a staff paper noting that corporate tax avoidance negatively impacts all economies, but hurts developing countries the most. The IMF's release comes as the G20, the Organization for Economic Cooperation and Development and United Nations bodies seek vehicles to diminish corporate tax avoidance.
Representatives Doggett and DeLauro Introduce Legislation to End Sequestration and Corpora (tags)
Rep Doggett introduced a replacement to the sequester today which would make it harder for corporations to use tax havens.
The Super Rich Reinvent U.S. Capitalism (tags)
As U.S. corporate profits soar to record highs, food stamps for the neediest were quietly cut. The politicians who are demanding endless cuts to social programs — Democrats and Republicans alike — insist that the U.S. is broke, all the while conveniently ignoring the mountains of tax-free wealth piling up in the pockets of the super rich.
The Great Tax-Cut Experiment and Corporate Taxes as % of Profits (tags)
Comparisons with Other Countries: Americans pay a smaller proportion of total income in taxes than do people in any other advanced capitalist economy. as in Western European countries.