Corporate Tax Watch
The Border Adjustment Tax Creates More Problems Than It Solves
February 22, 2017 • By Richard Phillips
In recent weeks, the Republican congressional leadership’s effort to introduce a comprehensive tax reform bill has increasingly faced opposition from major business groups and skeptical lawmakers from across the aisle. The primary source of dissent thus far is that the most prominent tax framework, the House GOP’s “Better Way” tax blueprint, contains a radical provision […]
Regressive and Loophole-Ridden: Issues with the House GOP Border Adjustment Tax Proposal
February 22, 2017 • By Matthew Gardner, Richard Phillips
In the summer of 2016, House Republicans released a blueprint for tax reform that is likely to be used as the starting point for major tax legislation in 2017.[1] One of the most radical provisions is a proposal to shift the corporate tax code from a residence-based to a destination-based system through applying a border adjustment on exports and imports. This proposal has major flaws that would make it a challenge to implement. Further, it is inherently regressive, rife with loopholes and would violate international agreements.
Tim Cook’s Disingenuous Argument to Justify Apple’s $215 Billion Offshore Cash Hoard
August 9, 2016 • By Jenice Robinson
Tim Cook is a persuasive CEO. In a wide-ranging interview published earlier this week in the Washington Post, he discussed his vision for the company, thoughts about leadership succession, and humbly admitted he has made mistakes. So it would be very easy to view as reasonable his declaration that Apple will not repatriate its offshore […]
The Sorry State of Corporate Taxes
February 25, 2014 • By Matthew Gardner, Richard Phillips
Many of America's Most Profitable Corporations Pay Little or No Federal Income Taxes; Multinationals Pay Higher Rates Abroad Than in the U.S.
Corporate Taxpayers & Corporate Tax Dodgers
November 13, 2011 • By Matthew Gardner
Earlier this year, Berkshire Hathaway Chairman Warren Buffett made headlines by publicly decrying the stark inequity between his own effective federal tax rate (about 17 percent, by his estimate) and that of his secretary (about 30 percent). The resulting media firestorm has drawn welcome attention to unfair tax breaks that allow the richest Americans to […]
Massey Pays One-Sixth of 35% Federal Tax Rate, Little in State Income Tax
April 15, 2010 • By Matthew Gardner
A new analysis shows that Massey Energy, which owned the Upper Big Branch mine where 29 West Virginia miners were killed last week, paid an average of 5.6 percent of its profits in federal income taxes over the last three years—despite having large profits in each year. This is less than one-sixth of the statutory […]
Corporate Income Taxes in the Bush Years
September 15, 2004 • By ITEP Staff
This study details which companies have benefitted the most from the decline in corporate taxes over the past three years, and which have been less fortunate. It also measures the effects of loopholes in our corporate tax laws that predated the George W. Bush administration. Specifically, the study looks at the federal income taxes paid […]
