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Showing blog posts tagged with Carl Levin

Apple CEO Tim Cook Testifies Before Congress About Offshore Tax Havens

Photo courtesy: trevorthomasmi on Instagram

Apple CEO Tim Cook is  appearing before the Senate Permanent Subcommittee on Investigations  today to answer charges that his company has avoided paying billions of dollars in taxes through the use of overseas tax shelters and loopholes in the corporate tax code. An investigation by the subcommittee found that Apple has shifted tens of billions of dollars of two subsidiaries in Ireland, while claiming that neither subsidiary is a tax resident of any country.

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Levin Calls for End of Corporate, Hedge Fund Tax Loopholes

As Congress gets ready for “ Round 2 ” of the Fiscal Showdown—yet another manufactured budget crisis that will unfold during the month of March and over the course of this year—Republicans are resisting proposals to make this crisis go away once and for all by closing tax loopholes for Wall Street and the richest 2% of Americans.

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Senate Report: The Last Big Corporate Tax Cut Did Not Create Jobs

If you listen to anti-worker politicians on the right, you’d think the answer to the nation’s ills lies in tax cuts, and not just the extension of the Bush tax cuts for America’s wealthiest human citizens. Corporate tax cuts are often hailed as the solution to America’s jobs crisis.

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Legislation Would Stop Corporate Offshore Tax Evasion Schemes

Here’s one contributor to the deficit Republicans don’t want to talk about. Loopholes in our tax laws allow multinational companies and hedge funds to shelter enormous sums of money from taxes by creating offshore identities and using tax-haven banks. This practice costs nearly $100 billion in taxes each year, according to the Senate Permanent Subcommittee on Investigations.

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Momentum Grows for NLRB Rule Changes

Momentum is building as the National Labor Relations Board (NLRB) gears up to hold hearings next week on its proposed rule designed to ensure a fair process  for workers who want to vote on whether to form a union. More members of Congress and academics have joined a growing group of working people and workers’ rights advocates in voicing their support for the rule changes.

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