Select Media Mentions
My Bank Tracker: Wells Fargo, PNC Hardly Pay Taxes
December 19, 2012
(Original Post) By Willy Staley Fri Nov 4, 2011 A new report on corporate tax rates shows that the financial services industry pays way less than its fair share. Citizens for Tax Justice and the Institute on Taxation and Economic Policy recently published a paper that examines the tax rates that 280 profitable Fortune 500 […]
Memphis Commercial Appeal: Study on corporate tax ‘dodgers’ names Memphis-based FedEx, Int’l Paper
December 19, 2012
WASHINGTON — Memphis-based FedEx Corp. paid no corporate income taxes in 2008 and International Paper Co. paid none last year, according to a study by Citizens for Tax Justice and the Institute on Taxation and Economic Policy released Friday. By Bartholomew Sullivan Posted November 4, 2011 at 5:26 p.m., updated November 4, 2011 at 9:51 […]
Economist: Focus: US corporate tax
December 19, 2012
(Original Post) Nov 4th 2011, 16:06 by The Economist Online The statutory federal income tax rate for big American companies is 35%. But a study by the Citizens for Tax Justice and the Institute on Taxation and Economic Policy, two Washington, DC-based think-tanks, has assessed the tax records of 280 companies from the Fortune 500 […]
San Francisco Chronicle Bay: Area firms among 30 not paying federal taxes
December 19, 2012
(Original Post) Andrew S. Ross, Chronicle Columnist Friday, November 4, 2011 More grist for the anticorporate mill. Thirty major U.S. public companies, including San Francisco’s PG&E Corp. and Wells Fargo & Co., paid no federal taxes over the past three years, according to a report released Thursday. A number of them, notably Wells Fargo, also […]
Los Angeles Times: Dozens of big U.S. firms pay no income taxes, study finds
December 19, 2012
(Original Post) A report by two left-leaning advocacy and research groups concludes that a majority of companies surveyed paid only about half of the 35% corporate income tax rate over the last three years. By Tiffany Hsu, Los Angeles Times November 4, 2011 Many of the nation’s most profitable companies are paying far less than […]
Huffington Post: Small Business Owners Ask Super Committee To Tax Big Corporations
December 19, 2012
(Original Post) Tyler Kingkade WASHINGTON — Outraged by a new report about America’s largest corporations dodging their taxes, small business owners are orchestrating a new campaign to pressure the congressional super committee into delivering a legislative fix. Twenty-five companies, led by Wells Fargo, AT&T, and Verizon, enjoyed a combined $114.8 billion in tax breaks from […]
Huffington Post: Bailed-out banks paid no income tax in some years, according to study
December 19, 2012
(Original Post) The Center for Public Integrity By John Dunbar, iWatch News Posted: 11/4/11 11:01 AM ET Five banks that received federal bailout funds during the financial crisis paid no income tax at least one year between 2008 and 2010 according to an iWatch News analysis of a new study of tax dodgers. Wells Fargo […]
Baltimore Sun: Constellation and Occupy Baltimore, a tale of our times
December 19, 2012
(Original Post) PSC hearings draw out some of same issues as the occupy movement November 05, 2011|By Jean Marbella, The Baltimore Sun You might have seen the news footage of the guy in the orange construction vest who a couple of weeks back angrily yelled at the Occupy Baltimore encampment that he was “working his […]
Chattanooga Times: EDITORIAL: U.S. taxes unfair on multiple levels
December 19, 2012
So the issue isn’t so much whether there should be taxes at all, but whether our taxes are spent wisely and according to the limits laid down by the U.S. Constitution. Too often, of course, they aren’t. But many people also question whether taxes are levied fairly. Nearly half of American households pay no federal […]
Irish Times: Middle classes let out another shriek of pain, this time in DC
December 19, 2012
(Original Post) Saturday, November 5, 2011 LARA MARLOWE AMERICA: THE OCCUPY movement that started in the US seven weeks ago has been described as a shriek of pain by the American middle- class. That pain was obvious on Thursday, when 2,000 nurses, trade unionists and government employees gathered in Lafayette Park, across the street from […]
The Business Insider: REVEALED: The 30 American Companies That Paid Less Than $0 In Income Tax Over The Last 3 Years
December 19, 2012
(Original Post) Linette Lopez | Nov. 6, 2011, 7:32 AM The corporate tax rate in the U.S. is 35%, but there aren’t many companies that end up paying that amount. According to a study by the Citizens for Tax Justice and the Institute on Taxation and Economic Policy, the average tax rate of 280 S&P […]
Boston Herald: Study: Verizon pays no taxes
December 19, 2012
By Thomas Grillo Sunday, November 6, 2011 The union that represents Bay State telephone workers is blasting Verizon following a report that said the telecommunications giant has not paid a penny in taxes for the past three years. “We wouldn’t mind if Verizon wasn’t paying taxes if they used the money saved to invest in […]
The Hill: Pentagon Notebook: Report shines a light on defense firms’ low tax rates
December 19, 2012
(Original Post) By John T. Bennett – 11/06/11 11:28 AM ET A new report has branded U.S. defense firms with a label that has become a political target, charging that they pay too little in taxes. American defense manufacturers pay an average annual tax rate of 17.5 percent, placing them in a class with some […]
Palm Beach Post: Rooney right to call and raise: Joins just two others in House delegation to reject ideology
December 19, 2012
By The Palm Beach Post Posted: 7:23 p.m. Monday, Nov. 7, 2011 Dysfunction in Washington is so severe that stating the obvious counts as an act of courage. Three members of Florida’s U.S. House delegation stated the obvious last week when they signed a letter agreeing that for the debt-reduction committee to succeed, “all options […]
The Berkshire Eagle: Disgraceful tax dodge
December 19, 2012
(Original Post) Updated: 11/07/2011 11:14:26 AM EST Monday November 7, 2011 If there is anything we should be able to agree upon in this fractured nation it’s that giant corporations should not pay less in federal taxes than the average small business or working man and woman. Especially those corporations that extravagantly compensate their top […]
Think Progress: Defense Contractors Pay Little To No Corporate Income Tax While Earning Billions
December 19, 2012
(Original Post) By Pat Garofalo on Nov 7, 2011 at 11:50 am Last week, Citizens for Tax Justice released a report showing that 30 major corporations have paid no income taxes for the last three years, as they made $160 billion. CTJ looked at 280 companies in the Fortune 500, and found that “while the […]
Reuters: Benefiting from taxes
December 19, 2012
(Original Post) Tue Nov 8, 2011 7:00am EST By David Cay Johnston Nov 8 (Reuters) – In a competitive market, economists argue endlessly about who bears the burden of corporate income tax. Is it owners, who get a smaller net return? Or workers, who make less? Or suppliers, who get lower prices? Or customers, who […]
Get Solar: Renewable Subsidies Pale in Comparison to Support for Fossil Fuels
December 19, 2012
(Original Post) Tuesday, November 8th 2011 2:02 PM By GetSolar Staff. With the technology steadily coming into its own, solar installations have grown across the world at an astounding pace. But critics argue that the industry relies too heavily on the wide variety of solar incentives provided by national, state and local governments. To an […]
The Morning Call: Air Products’ CEO says education is key
December 19, 2012
(Original Post) John McGlade tells Greater Lehigh Valley Chamber of Commerce a skilled workforce is ‘critical.’ Air Products CEO John McGlade addresses the crowd at the Greater Lehigh Valley Chamber of Commerce annual meeting and awards luncheon at Stabler Arena Tuesday. Air Products CEO John McGlade addresses the crowd at the Greater Lehigh… (DONNA […]
MSNBC.com: 30 companies paid ‘less than zero’ taxes in recent years
December 19, 2012
(Original Post) By Marisa Taylor (This story has been updated to include a response from General Electric.) General Electric made big waves earlier in the year when The New York Times reported that the company paid no taxes in the U.S. in 2010, and in fact claimed a tax benefit of $3.2 billion. How could […]
The Nonprofit Quarterly: The Nearly Tax Exempt Sector: Big For-Profit Corporations
December 19, 2012
(Original Post) November 09, 2011Rick Cohen Earning $160.3 billion in pretax profit must have been very difficult for 30 companies between 2008 and 2010, because despite their profitability these giant firms were let off the hook that most readers of the NPQ Newswire face: these 30 corporations didn’t pay any federal income tax over that […]
Cincinnati CityBeat: Here’s Why the ’99 Percent’ Are Pissed
December 19, 2012
(Original Post) By Kevin Osborne · November 9th, 2011 · Porkopolis Even the most ardent political junkie probably missed the news amid all the other reports last week about Ohio Issue 2, Cincinnati Issue 48, the looming City Council elections and the drama over the Occupy protests being busted up across the nation. While the […]
Ars Technica: Big ISPs dwell in tax-break heaven, according to corporate tax study
December 19, 2012
(Original Post) By Matthew Lasar A scathing new report on corporate tax breaks is out, and telcos and media companies figure prominently. Authored by Citizens for Tax Justice and the Institute on Taxation and Economic Policy, the survey focuses on 280 corporations that it concludes paid, on average, far less than the 35 percent corporate […]
Grist: Energy companies get $24 billion of corporate welfare from taxpayers
December 19, 2012
(Original Post) by Brad Johnson 9 Nov 2011 4:24 PM Chart.Tax breaks and subsidies for energy companies have gotten so extreme that dozens of top companies have made billions in profits while having negative taxes — actually receiving taxpayer welfare instead of paying anything to the federal treasury. An analysis by Citizens for Tax Justice […]
DSL Reports: Study: Verizon Hasn’t Paid a Cent in Taxes in 3 Years
December 19, 2012
(Original Post) by Karl Bode Thursday 10-Nov-2011 Two non profits, the Citizens for Tax Justice and the Institute on Taxation and Economic Policy, are circulating a new study named Corporate Taxpayers & Corporate Tax Dodgers (pdf) which names and shames corporations that are dodging taxes. The study examines financial reports from 280 profitable from the […]
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