Select Media Mentions
The Boston Globe: Big corporations avoid state taxes, study says
December 19, 2012
(Original Post) By Beth Healy | Globe Staff December 08, 2011 Sixty-eight out of 265 Fortune 500 companies across the country paid no state corporate income taxes in at least one of the last three years, according to a new report. The companies included in the study – including EMC Corp. and Raytheon Co. […]
ABC-7 San Francisco: Profitable corporations paying minimal taxes
December 19, 2012
(Original Post) Thursday, December 08, 2011 Nannette Miranda SACRAMENTO, Calif. (KGO) — As the battle rages in California over increasing taxes or cutting state spending, a new report on corporate taxes is raising a lot of eyebrows. A surprising number of very profitable corporations are paying either very low, or even no state income tax. […]
Portland Business Journal: Intel, OCPP differ over tax report
December 19, 2012
(Original Post) Date: Thursday, December 8, 2011, 2:39pm PST – Last Modified: Friday, December 9, 2011, 6:44am PST Andy Giegerich Business Journal staff writer – Portland Business Journal Intel Corp. and a state research group disagree over whether the Portland area’s largest private employer has paid state income taxes. The disagreement stems from a report […]
Baton Rouge Business Report: Corporate profits often escape state income taxe
December 19, 2012
(Original Post) Many large U.S. corporations paid little or no state income taxes from 2008 to 2010, according to a new report by the Institute on Taxation and Economic Policy. The Baton Rouge-based Louisiana Budget Project says two Louisiana-headquartered multistate firms are included in the report: New Orleans-based Entergy, which paid state income taxes equal […]
Maryland Reporter: Study Finds Some Corporations Paid No State Income Taxes
December 19, 2012
Posted December 8, 2011 By Len Lazarick MarylandReporter.com A new study finds that at least 68 profitable corporations paid no state income taxes anywhere in the country in one of the last three years, according to their annual reports and official government filings. Among the major companies on the list that do significant business in […]
The Epoch Times: Many Large Firms Paid No State Taxes, Report Says
December 19, 2012
(Original Post) By Alex JohnstonEpoch Times Staff Created: December 8, 2011 Last Updated: December 8, 2011 A report released on Wednesday found that 68 large companies in the United States paid no state income taxes in at least one of the past three years, and 20 of these companies had a tax rate of zero […]
The Courier-Journal: Study names Yum! Brands among companies “dodging” state taxes
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 […]
Salt Lake Tribune: Corporate tax-dodging hurts state tax revenue
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 […]
Maryland Gazette: Corporations hit for ‘tax dodging’
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 […]
The Cap Times: Another report shows corporate taxes shrinking
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 […]
Tulsa World: Fair Share? Corporations in ‘race to the bottom’ in taxes owed
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 […]
Washington Post: Some companies paid little or no state tax
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 […]
Huffington Post: State Gas Tax Policies Costing Governments Millions In Lost Revenue, Report Indicates
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 […]
Clarion Ledger: Corporations already evading Miss. state income tax
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 […]
About.com: Corporate Tax Dodgers Hurting States, Group Says
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, […]
WNYC: ‘The Capitol Pressroom’ with Susan Arbetter
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 […]
NJ Today: Report: NJ Loses More Than $500M Due To Stagnant Gas Tax
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 […]
Counter Punch: Half of America in Poverty?
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 […]
New Jersey Newsroom: NJ Loses Money with Gas Tax Rates
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 […]
Muskogee (OK) Phoenix: Tax Credit Moratorium the Right Call
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 […]
The Huffington Post: State Tax Reform Legislation Likely In 15 States In 2013
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 […]
The American Independent: Arthur Laffer’s dynamic roadshow
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 […]
Maryland Reporter: Study: Some Big Firms Paid No State Taxes
December 17, 2012
Original Post By LEN LAZARICK January 4, 2012 A new study found that at least 68 profitable corporations paid no state income taxes anywhere in the country in one of the last three years, according to their annual reports and official government filings. Among the major companies on the list that do significant business in […]
Twin Cities Daily Planet: Tax Cut on Autopilot
December 17, 2012
Original Post by Conrad Defiebre January 5, 2012 On July 1 this year, Minnesota’s highway fuel tax will go up a half-penny to 28.5 cents a gallon, the last of seven phased increases that began in 2008. Absent legislative action, it won’t go up again — ever. Before you raise a cheer, let’s consider what […]
Inside Tucson Business: After 21 Years, PAG Says It’s Time to Raise the Gas Tax
December 17, 2012
Original Post January 6, 2011 By Garry Duffy Arizona’s gasoline tax has stood at 18 cents per gallon for 21 years. Factor in an average rate of inflation of 2.67 percent over those years, and that 18 cents is now worth what a dime was in 1990. Or, looking at it another way, if the […]
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