On Tax Day this year, April 15, the U.S. House of Representatives is expected to introduce legislation that would repeal the estate tax, a policy designed to limit the concentration of wealth in the United States, generate revenue for the federal government by having those most able to pay and encourage charitable giving. The legislation comes as congressional Republican budget plans propose to slash trillions of dollars in money that benefits working families and gives away massive sums to corporations and the wealthiest Americans.
A new study finds that Walmart’s promised raise for its lowest-paid employees to $9 per hour in 2015 and $10 per hour in 2016, will still require large taxpayer subsidies to compensate for the lowness of Walmart’s wages. Meanwhile a new report from the AFL-CIO finds Walmart is seeking to cut its costs for higher-paid, U.S. high-tech workers by recruiting temporary foreign tech workers at lower wages.
Americans for Tax Fairness (ATF) is asking President Obama to make corporations pay their fair share, and they want you to join in and tell the president your own personal story about how increasing corporate taxation would help your life. A simple tool on the ATF website allows you to easily send the president your story.
Current laws in the United States allow corporations to use offshore havens to avoid paying their taxes and, if it's up to many in Washington, the problem will only grow larger, particularly if the so-called "territorial" tax system is passed. The details of the use of such tax havens were discussed in a conference call with Campaign for America's Future, Americans for Tax Fairness and Citizens for Tax Justice.
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.