Select Media Mentions
Northwest Indiana Times: NiSource among companies getting large tax breaks
December 19, 2012
(Original Post) By Bowdeya Tweh [email protected], (219) 933-3316 | Posted: Friday, November 4, 2011 12:00 am NiSource Inc. was one of 30 companies that benefited from a negative income tax rate in the past three years, according to two national tax policy research groups. In a report released Thursday, Citizens for Tax Justice and the […]
News Max: Big Firms Pay No Taxes
December 19, 2012
(Original Post) Friday, 04 Nov 2011 12:53 PM By Jim Meyers With the federal government drowning in debt and lawmakers struggling to curtail the deficit, a new report shows that many of the nation’s biggest companies paid no federal taxes over the past three years — and some even made money through credits and refunds […]
Sun Sentinel: You paid more in taxes than FPL and other companies
December 19, 2012
(Original Post) By Julie Patel November 4, 2011 12:40 PM Thirty companies, including the parent company of Florida Power & Light, legally paid less than zero in federal income taxes in recent years, according to a report this month by the Citizens for Tax Justice and the Institute on Taxation and Economic Policy. The two […]
The Street: Big Corporations Exploit Big Tax Loopholes
December 19, 2012
(Original Post) By Brian O’Connell 11/04/11 – 11:31 AM EDT NEW YORK (MainStreet) — Taxes are at the heart of the ongoing social debate in cities across the U.S., as the Occupy Wall Street movement flexes its muscles and escalates its visibility in clashes with police in Oakland, Calif. A study from the polling organization […]
RTT: Study Finds Many Corporations Pay No Income Tax
December 19, 2012
(Original Post) 11/4/2011 11:04 AM ET (RTTNews) – While many of the Republican presidential candidates have proposed slashing the corporate tax rate as a way to stimulate the economy, a recent study found that many of the nation’s most profitable companies are already paying well below the current corporate tax rate. The study, conducted by […]
Minnesota Post: New study sure to intensify political battle over corporate income taxes
December 19, 2012
(Original Post) By Dave Beal | Friday, Nov. 4, 2011 Best Buy faced a federal income tax liability of 39.3 percent for the three-year period of 2008-10 — above the statutory rate of 35 percent — while Wells Fargo ended up paying nothing. The disparity between two companies with a strong Minnesota presence is not […]
Daily News and Analysis: 30 corporate giants paid no US taxes in 3 years: Report
December 19, 2012
(Original Post) Published: Friday, Nov 4, 2011, 15:52 ISTPlace: NEW YORK | Agency: IANS Thirty of the 280 most profitable US corporations, including General Electric, Verizon and Boeing, paid no federal income tax in 2008-10, Citizens for Tax Justice (CTJ) said in a report released Thursday. Together, those 30 companies enjoyed pre-tax profits of $160 […]
AllGov: 30 Major Companies Paid No Federal Taxes Last 3 Years
December 19, 2012
(Original Post) Friday, November 04, 2011 According to the U.S. tax code, corporations pay a 35% tax rate on their earnings. But at least 30 of them paid zero federal income over the last three years, while hundreds of other companies paid half the official corporate rate. The findings, produced in a new report from Citizens […]
Austin Statesman: An occupation with purpose, and peace
December 19, 2012
Editorial Board Updated: 8:57 p.m. Friday, Nov. 4, 2011 Published: 8:34 p.m. Friday, Nov. 4, 2011 We’re thankful Austin hasn’t experienced the violence that has plagued other offshoots of the Occupy Wall Street movement, especially in Oakland, Calif. We thank the protesters who have been camping out at City Hall since Oct. 6 for their […]
Cult of Mac: Apple Among Few Tech Giants Paying ‘Fair’ Corporate Taxes [Report]
December 19, 2012
(Original Post) By Ed Sutherland (8:36 am, Nov 04) Don’t look for the Occupy movement to picket Apple. The iPhone maker is among just a few tech companies paying their fair share of corporate taxes. According to a report released Thursday, Apple paid a 31 percent tax rate. By comparison, the likes of HP, Yahoo […]
Death + Taxes: Largest Corporations Paid Only Half Their Taxes
December 19, 2012
(Original Post) By Kevin Pinner Friday, November 04, 2011 Between 2008-2010, 280 of the largest corporations paid an average federal income tax of 18.5% despite the statutory rate being 35%. crooge McDuck skiing on his stash while innocuous kids build money castles. Amidst a national discussion about corporate taxation, Citizens for Tax Justice, a nonpartisan […]
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 […]
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