Select Media Mentions
Mercury News: Richmond takes step toward divesting from corporations
December 19, 2012
(Original Post) By Hannah DreierContra Costa TimesPosted: 11/16/2011 06:15:49 PM PSTUpdated: 11/17/2011 09:17:07 PM PST In solidarity with Occupy Wall Street, Richmond is exploring divestment from corporations that do not pay income tax. Council members took inspiration from a report on corporate tax dodgers. The report found that 30 large corporations, including Verizon, Boeing, Wells […]
Huffington Post: Tax Loophole Users, Companies with Negative Tax Rates, Exacerbating US Income Inequality
December 19, 2012
(Original Post) Posted: 11/16/11 03:41 PM ET The fact that America’s biggest companies paid no federal taxes may come as no surprise to Washington. The report released earlier this month by nonprofit groups Citizens for Tax Justice and the Institute on Taxation and Economic Policy shows that 30 of the top 300 companies paid no […]
Forbes: American Families Are Bearing the Tax Burden
December 19, 2012
(Original Post) Jessica Bosari, Contributor Anyone with access to a news broadcast can see the middle class is suffering from bearing the brunt of the tax burden. In an ideal situation, people and business would pay taxes proportional to their earnings and tax bracket. The scales however, are not balanced in the country’s tax practices. […]
Opinion Editorial News: Measuring Corporate Tax Dodgers by Industry
December 19, 2012
(Original Post) By John Iacovelli (about the author) Most U.S. citizens understand that through a variety of loopholes, U.S. based corporations have reduced their U.S corporate tax burdens tremendously over the last forty years. With a new study just published, we can gauge, comparatively, which specific industry categories are the worst offenders. This article documents […]
Newsday: Cyber Monday is bad biz for states
December 19, 2012
(Original Post) Originally published: November 25, 2011 3:41 PM Updated: November 28, 2011 12:01 AM By MATTHEW GARDNER Matthew Gardner is executive director of the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan research organization in Washington. With the holiday season now in full swing, why are so many Main Street retailers down in […]
Plain Dealer: Politifact- Sen. Rob Portman says the U.S. has the second highest corporate tax rate
December 19, 2012
(Original Post) “We have the second highest corporate tax rate among our trading partners.” Rob Portman on Friday, November 11th, 2011 in a Joint Select Committee on Deficit Reduction hearing Tax reform was an issue addressed by the Joint Select Deficit Reduction Committee, aka the supercommittee, in its failed quest to reduce the federal budget […]
Joy Cardin Radio Show on WPR: Cyber Monday and Internet Sales Taxes
December 19, 2012
Joy Cardin Show on Wisconsin Public Radio – Big Question Segment Program Page November 30, 2011 After a busy Cyber Monday, a plan to collect sales tax on internet sales goes before a Congressional committee today. After seven, Joy Cardin asks her guests this week’s Big Question: do you support the idea of an Internet […]
Market Watch: New Report: 265 Major, Profitable U.S. Corporations’ Tax Avoidance Costs States $42 Billion Over Three Years; Sixty Eight Companies Have at Least One Tax-Free Year
December 19, 2012
(Original Post) WASHINGTON, Dec. 7, 2011 /PRNewswire via COMTEX/ — The Institute on Taxation and Economic Policy and Citizens for Tax Justice Release “Corporate Tax Dodging in the Fifty States, 2008-2010” A comprehensive new study that profiles 265 consistently profitable Fortune 500 companies finds that 68 of them paid no state corporate income tax in […]
Orlando Sentinel: Central Florida companies don’t pay fair share of state income taxes, report says
December 19, 2012
(Original Post) By Sandra Pedicini, Orlando Sentinel 4:54 p.m. EST, December 7, 2011 Three Central Florida companies were named in a national report released Wednesday that contends many corporations pay too little in state income tax. Darden Restaurants, Publix and Harris Corp. are “paying substantially less than what the tax rate would suggest they should […]
Accounting Today: Corporate Tax Avoidance Cost States $42 Billion
December 19, 2012
(Original Post) Washington, D.C. (December 7, 2011) By Michael Cohn, Accounting Today Sixty-eight of the most consistently profitable Fortune 500 companies paid no state corporate income tax in at least one of the last three years, and 20 of the companies averaged a tax rate of zero or less from 2008-2010.Like what you see? Click […]
The Huffington Post: State Income Tax Avoided By 68 Large Profitable U.S. Companies In Recent Years: Study
December 19, 2012
(Original Post) Bonnie Kavoussi First Posted: 12/ 7/11 12:16 PM ET Updated: 12/ 7/11 12:16 PM ET Large U.S. corporations are not only figuring out ways to avoid federal income taxes, but taxes at the state level too. Of the country’s most consistently profitable large companies, a full fourth of them — 68 companies in […]
The Tennessean: Dollar General, Community Health are tax dodgers, report says
December 19, 2012
Dollar General Corp. and Community Health Systems are among Fortune 500 companies in Tennessee using loopholes to avoid paying their fair share of state corporate income taxes, according to a new report from two tax policy think tanks. Nationwide, corporate tax avoidance by 265 corporations cost all states $42 billion in lost revenues in the […]
Nashville Scene: Memphis Multinational Company Skirts Taxes
December 19, 2012
(Original Post) Posted by Jonathan Meador on Wed, Dec 7, 2011 at 12:44 PM Memphis-based International Pulp and Paper paid no state income taxes in 2008 and 2010, according to data released today by the nonprofit Citizens for Tax Justice. The data, included in the CTJ’s “Corporate Tax Dodging in the Fifty States, 2008-2010″ report, […]
The Cap Times: State firms named in tax avoidance report
December 19, 2012
(Original Post) MIKE IVEY | The Capital Times | [email protected] | @BizBeatIvey | Posted: Wednesday, December 7, 2011 12:30 pm A new report is out showing — once again — that the largest and most profitable U.S. corporations manage to skirt paying state and local income taxes. The Washington-based Institute on Taxation and Economic Policy […]
NPR: Report Shows Many Profitable Companies Pay No State Income Taxes
December 19, 2012
(Original Post) by Chris Lehman December 6, 2011 Dozens of Fortune 500 companies paid no net state income taxes over the past three years, including one in the Pacific Northwest. That’s one of the findings of a report issued Wednesday by a liberal think tank. The report examined federal Securities and Exchange Commission filings from […]
Bloomberg: Sixty-Eight U.S. Companies Avoided State Income Tax, Study Finds
December 19, 2012
(Original Post) By Andrew Zajac – Dec 7, 2011 12:29 AM ET Sixty-eight large U.S. corporations paid no state income tax in at least one of the past three years and 20 had an average tax rate of zero or less in that period, according to a report by the Institute on Taxation and Economic […]
New York Times: Big Firms Limit Paying State Taxes, Study Finds
December 19, 2012
(Original Post) By MICHAEL COOPERPublished: December 7, 2011 As states have struggled to balance their budgets by cutting services, laying off workers and raising taxes, a study to be released on Wednesday suggests that many profitable Fortune 500 companies have not been paying as much in state corporate income taxes as the average levied on […]
Salon: Attack of the deadbeat corporations, Part 2
December 19, 2012
(Original Post) We already knew U.S. companies weren’t paying enough federal taxes. But the same is also true at the state level By Andrew Leonard Why do those mean people at the Citizens for Tax Justice and the Institute on Taxation and Economic Policy keep picking on American corporations? Just one month ago, they released […]
Think Progress: Corporate Tax Dodging Has Cost States More Than $42 Billion In Revenue Over The Last Three Years
December 19, 2012
(Original Post) By Travis Waldron on Dec 7, 2011 at 6:30 pm DuPont would rather sponsor race cars than pay taxes ThinkProgress has documented the repeated tax dodging of large corporations, some of which, like GE, have gone entire years without paying taxes despite hauling in massive profits. Now, that phenomenon has spread to the […]
The Ledger: Publix Underpays Taxes
December 19, 2012
(Original Post) By Kyle Kennedy THE LEDGER Published: Wednesday, December 7, 2011 at 11:13 p.m.Last Modified: Wednesday, December 7, 2011 at 11:13 p.m. LAKELAND | A report says Publix Super Markets Inc. and seven other large Florida-based companies are among 265 “consistently profitable” firms that underpay corporate taxes owed to states.Facts Three think tanks, including […]
KWGS News: Big Corporations Avoiding Taxes
December 19, 2012
(2011-12-07) OKLAHOMA CITY, OK (kwgs) – A comprehensive new study finds that many consistently profitable companies are paying little to no corporate income taxes on those profits. Out of 265 Fortune 500 companies examined, 68 managed to pay no state income tax in at least one out of the last three years, despite making almost […]
WFPL: Yum Brands Avoided State Taxes Despite Record Profits
December 19, 2012
A comprehensive study on corporate tax avoidance finds that Louisville-based Yum Brands paid no net corporate income taxes to states over the past three years despite colossal profits over $1 billion. The report was compiled by the Institute on Taxation and Economic Policy and Citizens for Tax Justice and lists 68 companies that paid no […]
The Salt Lake Tribune: Some say corporate tax-dodging hurts public schools
December 19, 2012
(Original Post) By Cathy Mckitrick The Salt Lake Tribune A new study takes aim at tax-dodging corporations, revealing that between 2008 and 2010, 68 Fortune 500 companies managed to avoid paying any state income tax for one or more of those three years. The nonprofit Institute on Taxation and Economic Policy (ITEP) was joined by […]
Lexington Herald Leader: Yum Brands avoided paying state income taxes despite large profits
December 19, 2012
(Original Post) By Linda B. Blackford — [email protected] Posted: 12:00am on Dec 8, 2011; Modified: 6:27am on Dec 8, 2011 The Louisville-based parent of such companies as Kentucky Fried Chicken and Taco Bell paid no net corporate income taxes to states over the past three years, even as it generated more than a billion dollars […]
San Francisco Chronicle: Government gets blamed for widening wealth gap
December 19, 2012
(Original Post) Marisa Lagos, Chronicle Staff Writer Thursday, December 8, 2011 The state and federal governments are largely responsible for the widening gap between the rich and poor in the United States and should institute policy changes – including reforms to the tax code and more investment in education – to help reverse this 30-year […]
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