Citations
6,208 posts
NC Policy Watch: Profitable corporations avoid paying fair share of taxes
March 21, 2014 • By ITEP Staff
As our state leaders continue to look for ways to give more and more tax cuts to profitable corporations, these corporations continue to find ways to avoid paying their fair share of taxes. It is a win-win proposition: Heads they win; Tails they still win! Read the Full Report
Pennsylvania Budget and Policy Center: Pa. Companies Like PPL, Heinz Paid Little or Nothing in State Income Taxes
March 20, 2014 • By ITEP Staff
Many profitable Fortune 500 companies including Pennsylvania-based PPL, H.J. Heinz, Airgas, Allegheny Technologies, Hershey, and Comcast are paying little or nothing in state income taxes thanks to loopholes, tax breaks, and crafty accounting, according to a new report from the Institute on Taxation and Economic Policy (ITEP) and Citizens for Tax Justice (CTJ). Read the […]
Oregon Center for Public Policy: Profitable Corporations Pay No Oregon Income Taxes
March 20, 2014 • By ITEP Staff
Some highly profitable corporations are finding ways to avoid paying any state income taxes, Oregon and national data show. At least 24 corporations that made a profit in Oregon in 2011, including eight with profits of over $5 million, paid no Oregon income taxes for that year, according to the Oregon Center for Public Policy’s […]
Kentucky Center for Economic Policy: While Kentucky’s Budget Faces More Cuts, Profitable Fortune 500 Companies Avoid Paying State Corporate Income Taxes
March 20, 2014 • By ITEP Staff
As Kentucky and other states struggle with tough budget decisions about essential public services, profitable Fortune 500 companies including Kentucky-based Yum Brands and Humana pay little to nothing in state corporate income taxes around the country, according to a new study by the Institute on Taxation and Economic Policy and Citizens for Tax Justice. Read […]
Voices for Illinois Children: Profitable Companies in Illinois Not Paying Their Fair Share of State Income Taxes
March 20, 2014 • By ITEP Staff
Over the past five years, many profitable Fortune 500 corporations, including several based in Illinois, paid little or no state income taxes to any of the states in which they do business thanks to copious loopholes, lavish giveaways, and crafty accounting. That’s the conclusion of a new report, released by Citizens for Tax Justice and […]
Wisconsin Budget Project: New Report Shows Major Corporations Based in Wisconsin Pay Little in State Income Tax
March 20, 2014 • By ITEP Staff
A number of large, profitable corporations in Wisconsin pay little or nothing in state corporate income tax, according to a new report. Loopholes, tax credits, and creating accounting keep the amount these corporations pay in income tax to a minimum. A study by the Institute on Taxation and Economic Policy and Citizens for Tax […]
North Carolina Justice Center: Tax change for multistate corporations would harm state investments
March 20, 2014 • By ITEP Staff
State lawmakers are considering a change that would provide a tax cut to a handful of corporations and no guarantee of job creation, says a report released this morning by the Budget & Tax Center, a project of the NC Justice Center. It would also reduce available revenue for public investments by $90 million over […]
The Hill: Our great nation of immigrants
March 20, 2014
(Original Post) March 17, 2014, 09:00 am By Rep. Matt Cartwright (D-Pa.) This month I, along with 34.5 million Americans of Irish descent, celebrate St. Patrick’s Day. It was Irish immigrant Annie Moore who was the first to pass through Ellis Island when it officially opened on New Year’s Day 1892. Today, Irish is the […]
The Hill: Corporations avoid state taxes
March 20, 2014
(Original Post) March 19, 2014, 10:01 pm By Bernie Becker Dozens of Fortune 500 companies paid no state corporate taxes in at least one recent year, according to a new report from liberal groups. The study, from Citizens for Tax Justice and the Institute on Taxation and Economic Policy, found that 269 companies in all […]
The Oregonian: 24 Oregon companies turned a profit but paid no income tax in 2011
March 20, 2014
(Original Post) By Christian Gaston | cgaston@oregonian.com on March 19, 2014 at 7:00 PM, updated March 19, 2014 at 7:08 PM At least two dozen profitable corporations paid no Oregon income taxes in 2011, according to a new study by the Oregon Center for Public Policy. The Silverton-based think tank sifted through data from the […]
Politico: Study Finds Nearly 100 Companies Don’t Pay State Income Taxes
March 20, 2014
(Original Post) Some of the country’s most famous Fortune 500 companies are using tax code giveaways and breaks to avoid paying state income taxes, a new study by Citizens for Tax Justice and the Institute for Taxation and Economic Policy, two left-of-center advocacy groups, found. The study examined 269 Fortune 500 companies that posted profits […]
Public News Service: Report Highlights Illinois Companies Dodging State Taxes
March 20, 2014
(Original Post) March 20, 2014 SPRINGFIELD, Ill. – Illinois may have the fourth highest corporate tax in the nation, but it turns out that not all businesses are actually paying it. Several Illinois-based companies are on a list of profitable Fortune 500 companies that paid zero state income tax in at least one year from […]
Indiana Institute for Working Families: What Corporate Tax Burden
March 18, 2014 • By ITEP Staff
On the immediate heels of significantly cutting taxes for corporations and high income individuals, lawmakers are close to making a deal to deliver additional tax breaks to some businesses including very profitable multi-national corporations. Read the Full Report
Policy Matters Ohio: Kasich Tax Plan- Advantage, Top 1 Percent
March 18, 2014 • By ITEP Staff
Gov. John Kasich’s new tax proposal would deliver annual tax cuts averaging more than $2,800 to the top 1 percent of Ohio taxpayers while those in the bottom two-fifths would pay more on average than they do now. Read the Full Report
Economic Policy Institute: The ‘Better Off Budget’
March 18, 2014 • By ITEP Staff
The Congressional Progressive Caucus (CPC) has unveiled its fiscal year 2015 (FY2015) budget, titled the “Better Off Budget.” It builds on recent CPC budget alternatives in prioritizing near-term job creation, financing public investments, strengthening the middle and working classes, raising adequate revenue to meet budgetary needs while restoring fairness to the tax code, protecting social […]
Burnt Orange Report: The Texas Miracle – The Devil in the Details
March 18, 2014
(Original Post) by: Joe Deshotel Fri Mar 14, 2014 at 02:00 PM CDT As the American economy begins to gain traction and the national dialogue addresses the subject of income equality it is a good time to reflect on merits of “The Texas Miracle.” The narrative is simple — Low taxes, low services, and low […]
The Gazette: Potential benefits of a community ID
March 18, 2014
(Original Post) The Gazette Editorial Board Center for Worker Justice of Eastern Iowa and others are proposing a community ID program for Iowa City and Johnson County. It’s the first Midwest location to seriously discuss implementation. The aim is to help a substantial number of people who cannot access basic services without an ID, one […]
Accounting Today: Multinationals Pay Higher Tax Rates Abroad than in U.S.
March 18, 2014
(Original Post) WASHINGTON, D.C. (MARCH 17, 2014) BY MICHAEL COHN Most U.S.-based multinational corporations paid lower U.S. taxes on their domestic profits than they paid to foreign governments on their foreign profits, according to a recent study. The study, released late last month by the advocacy groups Citizens for Tax Justice and the Institute on […]
The Digital Journal: Customers will pay for ash pond cleanup, Duke Energy CEO says
March 13, 2014
(Original Post) BY KELLY FETTY Charlotte – Duke Energy expects its customers to pay for the cleanup and removal of hazardous coal ash ponds in North Carolina, CEO Lynn Good said last Friday. Good made the remark in a brief interview after she accepted the BusinessWoman of the Year award at Queens University of Charlotte […]
Voices for Illinois Children: New FPC report — tax cuts won’t improve the economy or create jobs
March 12, 2014 • By ITEP Staff
Allowing current state income tax rates to expire will cause a revenue collapse that would threaten Illinois’ economic recovery, curtail the ability to support vital investments, and create more uncertainty over how the state will meet its many obligations, a new FPC report released today finds. Read the Full Report
USA Today: Needing money for roads, states mull gas tax hikes
March 11, 2014
(Original Post) Larry Copeland, USA TODAY 10:13 a.m. EDT March 11, 2014 The federal gas tax hasn’t been raised in more than two decades The federal gas tax, long used to help states pay for roads and bridges, hasn’t been raised since Bill Clinton was president. The prices of asphalt, steel and heavy machinery — […]
Salon: The “Texas Miracle” fraud
March 10, 2014
(Original Post) FRIDAY, MAR 7, 2014 01:56 PM EST Yes, Texas has seen a lot of growth — but should conservatives really be bragging about it? ALEX PAREENE Remember “The Texas Miracle”? It was the story of how Rick Perry was going to be president because his state, Texas, was doing so much better than […]
The Huffington Post: Why Rick Perry Is So Wrong About California And New York
March 10, 2014
(Original Post) Posted: 03/08/2014 10:20 am EST Updated: 03/08/2014 10:59 am EST Texas Gov. Rick Perry (R) was the standout star at the Conservative Political Action Conference this year, in no small part because of his impassioned plea for Americans to recognize that the fate of the U.S. comes down to a battle of visions […]
Buenos Aires Herald: The US – the poorest rich country on earth
March 10, 2014
(Original Post) By Gabriela Esquivada For The Herald in US The United States is often referred to as the “land of opportunity.” But an increasing number of US citizens are feeling the pinch, struggling to makes ends meet as inequality in the country rises. From New York, Gabriela Esquivada looks at how the richest nation […]
The Buffalo News: Democrats ought to embrace budget
March 10, 2014
(Original Post) By Douglas Turner | News Washington Columnist on March 10, 2014 – 6:17 AM WASHINGTON – Sophisticates speaking for the real power here have already blown off President Obama’s 2015 budget. The group includes almost the entire Congress and sadly, the corps of journalists, some who are world weary, but include all who […]
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