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Showing blog posts tagged with tax

At the Old Ball Game: Check Out the Corporate Tax Dodger Baseball League

Leading up to Tax Day, April 15, Americans for Tax Fairness (ATF) is calling attention to 10 corporations that are dodging paying their fair share of taxes. We are releasing a set of Corporate Tax Dodger Baseball Cards because these companies are as skilled as baseball pros. Be sure to collect all 10 and see what makes these companies professional tax dodgers.

Check out some of these baseball cards after the jump. Check out ATF's website for more cards

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30 Dow Firms Dodge Taxes, Boost Profits with Overseas Tax Havens

30 Dow Firms Dodge Taxes, Boost Profits with Overseas Tax Havens

Over the past 40 years, some of the nation’s biggest and most profitable companies have not only moved America's jobs and manufacturing overseas, but by taking advantage of a U.S. tax code that encourages companies to shift their income overseas, they have cut the taxes they owe by more than half. The result, writes Jia Lynn Yang in The Washington Post ,

is lower revenue here that could pay for infrastructure, education and other services that support domestic growth—and that make life easier for U.S. firms.

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Republicans Continue Hostage Crisis

Republicans Continue Hostage Crisis

Holding out for ransom demands in the form of benefit cuts to Social Security, Medicare and Medicaid, Senate Republicans today again refused to surrender their hostages—the nation’s economy and working families who will be hurt by the upcoming Republican sequester.

Republicans led the charge to defeat a Democratic plan that would have eliminated the across-the-board sequestration budget cuts for the remainder of 2013, which the Congressional Budget Office has estimated would cost 750,000 jobs.

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5 Reasons Why the U.S. Needs a Financial Transactions Tax

Photo from the Think Progress Blog.

A duo of Democratic lawmakers have spent the years since the financial crisis calling for a financial transactions tax, a small fee on individual trades that would slow down markets and make them safer for investors and the country as a whole. Sen. Tom Harkin (Iowa) and Rep. Peter DeFazio (Ore.)  introduced legislation  that would institute the financial transactions tax again this year, after 11 European countries announced they would adopt such a tax.

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Biggest Driver of Income Inequality? Income from Capital Gains and Dividends

Chart courtesy of Mother Jones.

A new,  non-partisan study  by Thomas Hungerford of the non-partisan Congressional Research Service confirms that the explosion of income inequality over the past 15 years is fueled by rapidly rising income from capital gains and dividends. 

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Sen. Whitehouse: Use $1 Trillion in Tax Reform to Stop Sequestration

Sheldon Whitehouse. Photo courtesy of the United States Senate.

In just a few weeks, the nation will be facing yet  another manufactured fiscal crisis  when a series of harsh across-the-board federal spending cuts in education, defense and all government operations go into effect unless Congress repeals them. 

Known as “sequestration,” economists say these cuts would imperil the fragile economic recovery and cost as many as 1 million of America's workers their jobs. Yet  Republicans are making threats  to let those cuts take effect on March 1 unless Social Security, Medicaid and Medicare benefits are cut or drastic cuts are made to vital services.

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BizVizz: New Free iPhone App Makes Tracking Corporate Taxes and Government Subsidies Easy

BizVizz: New Free iPhone App Makes Corporate Taxes and Campaign Donations Easy to Track

If you have an iPhone, make sure you take a minute to download the new free app, BizVizz . BizVizz people track taxes, government subsidies and political campaign donations of major corporations. Once you download the app, simply enter a company’s name or snap a picture of its logo and then the company information pops up. Future developments include creating an  Android version of the app  and expanding the catalog of corporate information. 

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Sen. Hatch Leaves a Ransom Note in the Fiscal Showdown Fight

Photo courtesy of love4utah's Flickr photostream.

Calling something a “bipartisan reform” is quickly becoming Washington-speak for “cutting your health care and retirement benefits.”

In this next phase of the fiscal showdown, Republicans are continuing to threaten to tank the economy, starting with demands they want in exchange for more tax giveaways for the wealthiest 2%.

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