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Showing blog posts tagged with corporate income taxes

New PayWatch Spotlights CEO Pay, Fix the Debt Hypocrisy, Golden Nest Eggs and More

www.paywatch.org

Did you know that the CEOs of the Campaign to Fix the Debt, the corporate front group that wants to cut Social Security and Medicare and lower corporate taxes, have parked more than $418 billion of untaxed corporate profits overseas? Overall it is estimated that U.S. corporations have as much as $1.9 trillion sheltered overseas. That would make a nice down payment on fixing the debt.

You can read about "Fix the Debt" and more in the 2013 edition of the AFL-CIO’s Executive PayWatch launched today. PayWatch not only shines a light on Fix the Debt hypocrisy, but it also explores the huge wage gap between CEO pay and the average U.S. worker. PayWatch started in 1997. 

Visit www.paywatch.org.

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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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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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Elections: The Myth of the Small Donor

Flickr photo courtesy of 401(K) 2012

“There is simply a better payoff by courting seven-figure donors,” said Matt Schlapp, a former White House political director for George W. Bush, in a Politico story Tuesday.

The story, “Election 2012: The Myth of the Small Donor,” details the meteoric rise of the mega-donor. Multimillion-dollar donations from people like Sheldon Adelson, Frank VanderSloot and the Koch brothers are “quickly diminishing one of the few avenues—outside of voting—for average folks to shape elections, help determine candidates’ viability and affect the course of the country.”

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New Study Shows Romney’s Corporate Tax Holiday Ships More U.S. Jobs Overseas

Photo by Sunset Parkerpix/Flickr

The huge export of American jobs (some 6 million manufacturing jobs in the past decade) by U.S. corporations has become a focal point of the presidential campaign. Today, a new report from the Center for American Progress (CAP) outlines how Republican Mitt Romney’s proposals would:

encourage and further accelerate the outsourcing of American jobs to foreign countries.

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Join Tax Day Actions: Demand Corporations and Wealthy Pay Their Fair Share

Photo by Pameladrew212/Flickr

Are you tired of the 1 percent and big corporations gaming the tax system and loopholing their way to a tax bite that’s lower than what most of us honest working people pay? Take action on Tax Day tomorrow by joining working families and community, faith and other activists to demand that the 1% and corporations pay their fair share. Click here to find a Tax Day action near you.

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How Much for That Corporate Tax Loophole?

Photo by suenosdeuomi/flickr

A new report on corporate campaign donations follows the money from 280 Fortune 500 firms and the tax breaks those companies have enjoyed in recent years. And it leads to “the intersection of corporate campaign contributions to members of Congress and the absence of congressional action to close corporate tax loopholes and raise additional revenue from corporate taxes.”

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‘More Please, Sir;’ New Corporate Blitz Begs for Tax Cuts

Those poor, misunderstood big corporations. No one seems to know or care what a burden taxes are on those cash-stuffed companies—like General Electric, which paid no federal income taxes in 2010. To make sure we all know, the Business Roundtable just launched a lobbying and ad blitz to push for even bigger tax breaks than corporations now receive.

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Republican Budget: ‘Of, By and For the 1%’

The House Republican budget, crafted by Rep. Paul Ryan (R- Wis.) and unveiled today, provides a blueprint of what America would like look under Republican control, “a government of, by and for the 1%,” says AFL-CIO President Richard Trumka.

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