December 19, 2012
(Original Post) Posted on December 9, 2011 by Chris Otts A new report names Louisville-based Yum! Brands as one of 68 Fortune 500 companies that paid no state corporate income taxes in at least one year between 2008-2010, despite earning profits for shareholders. The report doesn’t say that Yum! has been shorting the state of […]
December 19, 2012
(Original Post) By Cathy Mckitrick The Salt Lake TribuneFirst published Dec 08 2011 07:33AMUpdated Dec 9, 2011 11:33PM A new study takes aim at tax-dodging corporations, some with operations in Utah, revealing that from 2008 to 2010, 68 Fortune 500 companies managed to avoid paying any state income tax for one or more of those […]
December 19, 2012
Friday, December 09, 2011 Study says havens used to avoid paying the states on income by C. Benjamin Ford, Staff Writer Corporations may legally be people, but they’re people who often pay little to no state taxes, even when highly profitable, according to a new study on tax policy. The study by the Institute on […]
December 19, 2012
(Original Post) DAVE ZWEIFEL | Cap Times editor emeritus | [email protected] | Posted: Friday, December 9, 2011 5:30 am You probably saw the story a few weeks ago that despite the official 35 percent U.S. corporate tax rate, many of the nation’s most profitable corporations wind up paying little in federal taxes. Now there’s yet […]
December 19, 2012
By JULIE DELCOUR Associate Editor Published: 12/11/2011 2:26 AM Last Modified: 12/11/2011 2:59 AM Oklahoma and every state that struggled mightily through recent recessionary times, might have had a far easier time had major corporations paid their fair share of state income taxes. But they did not, and that tax avoidance cost states an estimated […]
December 19, 2012
(Original Post) By Danielle Douglas, Published: December 11 Some of the Washington area’s biggest public companies paid little to no state income taxes by using a myriad of tax breaks and other tactics, according to a research report released last week. Citizens for Tax Justice and the Institute on Taxation and Economic Policy examined 265 […]
December 19, 2012
(Original Post) First Posted: 12/14/11 04:33 PM ET Updated: 12/14/11 04:33 PM ET Jordan Howard WASHINGTON — A new report by the Institute on Taxation and Economic policy, a non-profit and non-partisan research organization based in Washington, D.C., found that state governments are collectively losing out on over $10 billion in transportation revenue each year […]
December 19, 2012
5:51 PM, Dec. 15, 2011 Written by Bill Minor Among the outlandish bills sponsored by Republican lawmakers I had mentioned a couple of weeks ago was one that would have repealed (yes, repealed) the state income tax on corporations. It didn’t pass. Now don’t be surprised if the bill resurfaces when the GOP takes over […]
December 19, 2012
(Original Post) By Robert Longley, About.com Guide December 16, 2011 If your state, like most states, is hurting for money and is putting the squeeze on you for more, then this news will not make it hurt any less. A new report from the Citizens for Tax Justice (CTJ) identifies 256 Fortune 500 corporations which, […]
December 19, 2012
(Original Post) December 19, 2011 | 10:25 AM | By Colby Hamilton Today on “The Capitol Pressroom”: The North Country was a big winner in the economic development grant competition. While the 16 projects that won the $103.2 million dollars are posted on-line, we wanted to know how these projects will leverage growth throughout the […]
December 19, 2012
Original Post December 27, 2011 STATE – According to a report released earlier this month, New Jersey is leaving more than $500 million on the table each year by not increasing its gas tax rates to keep pace with increases in transportation construction costs. The report, “Building a Better Gas Tax” from the Institute on […]
December 19, 2012
Original Post December 27, 2011 by PAUL BUCHHEIT Recent reports suggest that almost 50% of Americans are in poverty or at a “low income” level. The claim is based on a new supplemental measure by the Census Bureau that includes health care, transportation, and other essential living expenses in the poverty calculation. The concept of […]
December 19, 2012
BY ADELE SAMMARCO December 27, 2011 It’s no secret residents from surrounding states drive to New Jersey to fill-up their gas tanks for less than what they would ordinarily pay in their own state. But according to a new report, the Garden State is losing money each year for not increasing its gas tax rates […]
December 19, 2012
Original Post McClatchy News Editorial December 29, 2011 — The Task Force on State Tax Credits and Economic Incentives wants a one-year moratorium on all tax credits in Oklahoma while lawmakers consider the group’s recommendations for greater transparency and stricter oversight. The hole has given more attention to reports like one released earlier this month […]
December 19, 2012
(Original Post) John Celock Posted: 12/19/2012 12:59 pm EST WASHINGTON — Fifteen states are likely to see some sort of tax reform legislation in 2013, according to a study released Wednesday by the Institute on Taxation and Economic Policy. ITEP said that a series of tax reform packages, ranging from an extension of the sales […]
December 18, 2012
(Original Post) Siddhartha Mahanta | 12.18.12 | 1:24 pm | Republishposted in Economy/Finance | Government Accountability/Reform | Politics On January 19 of this year, Kansas state Sen. Julia Lynn offered an exuberant greeting to renowned tax-cutting enthusiast Arthur Laffer. “What an honor and privilege to have you here in Kansas,” Lynn said, welcoming the fabled […]
December 17, 2012
“It’s essential that Oregonians recognize the important contribution undocumented workers make to our state’s economy. Undocumented immigrants perform vital work in certain industries. Together they earn roughly $2.3 billion to $4.5 billion a year, much of it undoubtedly spent on goods and services purchased from Oregon businesses. And beside labor and purchasing power, undocumented immigrants […]
December 17, 2012
This report puts Connecticut’s budget in perspective. It compares our response to the current downturn with our reaction to the previous two, it assesses the impact of recent changes on the progressivity of our tax code, and it places our current expenditures and taxes in historical context. Taking this broad view yields a set of […]
December 17, 2012
“In political talking points, the phrase “everyone should have skin in the game” is being used to push unfair revenue schemes around the country. The phrase is used under the false assumption that low-income Americans aren’t paying their fair share of taxes. In Arizona, some proponents of the so-called flat tax are using this slogan […]
December 17, 2012
In recent months, there has been a steady stream of reports about state business taxation. The Council on State Taxation (COST), a trade association of large corporations, released its annual ranking of state and local business taxes, naming Connecticut the lowest-tax state in America. Then, Good Jobs First graded states on accountability provisions in their […]
December 17, 2012
“On the last Friday of 2011, the legislature’s tax reform task force released its proposals for changing Oklahoma’s tax system. The most significant recommendation was to cut the top income tax rate from 5.25 percent to 4.75 percent. This would be paid for by eliminating numerous tax credits and exemptions, including broad-based credits going to […]
December 17, 2012
The tax package adopted by Gov. Rick Snyder and the Legislature last year will begin to take effect in 2012. Michigan’s business taxes will be reduced by $1.6 billion, while individual income taxes will increase by $1.4 billion, when fully implemented in Fiscal Year 13.1 These tax changes make Michigan’s tax structure even more regressive. […]
December 17, 2012
States have the flexibility to design their own tax rates and structures to fund public services. Most states rely on three types of taxes: personal income, property and consumption (sales and excise) taxes. Whether the state’s tax system is regressive (taxes the poor more heavily than the rich) or progressive (taxes the rich more heavily […]
December 17, 2012
Public services, though sometimes invisible, are a crucial element in a thriving economy. To restore critical services and invest in the future, Ohio should boost income-tax rates on its highest earners. Read the Full Report (PDF)
December 17, 2012
Read the Full Report (PDF)