Select Media Mentions
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 […]
Montreal Mirror: DAMN RIGHT: Too big to tax
December 19, 2012
(Original Post) by SCOTT SAXON November 10, 2011 No doubt, the average person has slept better knowing that U.S. bailouts helped calm the waters stirred by American bankers flatulating in their own gilded tubs. If nothing else, the short-lived restabilizing was a convincing case for the importance of paying one’s taxes. Alas, a review of […]
Daily World: Tax formula for big biz: Less than zero
December 19, 2012
(Original Post) By now, it is pretty well known that General Electric, a company that showed $14.2 billion in profit worldwide paid no taxes. In fact, it not only paid no taxes, but got a $3.2 billion tax rebate. Two reports by Citizens for Tax Justice and the Institute on Taxation and Economic Policy respectively, […]
CRSWire: Tax Loophole Exploitation Exacerbates Income Inequality in US
December 19, 2012
(Original Post) Income inequality isn’t only unfair; it’s bad for the economy Nov 13, 2011 – 11:27 PM EST By Michael Shank The fact that America’s biggest companies paid no federal taxes may come as no surprise to Washington. The report released earlier this month by nonprofit groups Citizens for Tax Justice and the Institute […]
Computer World: Verizon called tax dodger by CWA union, others
December 19, 2012
(Original Post) In response, Verizon says it complies with laws, has deferred some taxesBy Matt HamblenNovember 15, 2011 12:47 PM ET Computerworld – Verizon Communications was singled out as one of the nation’s biggest tax dodgers by two citizen action groups and the Communication Workers of America (CWA) union on Tuesday. CWA Chief of Staff […]
Mercury News: Richmond takes step toward divesting from corporations
December 19, 2012
(Original Post) By Hannah DreierContra Costa TimesPosted: 11/16/2011 06:15:49 PM PSTUpdated: 11/17/2011 09:17:07 PM PST In solidarity with Occupy Wall Street, Richmond is exploring divestment from corporations that do not pay income tax. Council members took inspiration from a report on corporate tax dodgers. The report found that 30 large corporations, including Verizon, Boeing, Wells […]
Huffington Post: Tax Loophole Users, Companies with Negative Tax Rates, Exacerbating US Income Inequality
December 19, 2012
(Original Post) Posted: 11/16/11 03:41 PM ET The fact that America’s biggest companies paid no federal taxes may come as no surprise to Washington. The report released earlier this month by nonprofit groups Citizens for Tax Justice and the Institute on Taxation and Economic Policy shows that 30 of the top 300 companies paid no […]
Forbes: American Families Are Bearing the Tax Burden
December 19, 2012
(Original Post) Jessica Bosari, Contributor Anyone with access to a news broadcast can see the middle class is suffering from bearing the brunt of the tax burden. In an ideal situation, people and business would pay taxes proportional to their earnings and tax bracket. The scales however, are not balanced in the country’s tax practices. […]
Opinion Editorial News: Measuring Corporate Tax Dodgers by Industry
December 19, 2012
(Original Post) By John Iacovelli (about the author) Most U.S. citizens understand that through a variety of loopholes, U.S. based corporations have reduced their U.S corporate tax burdens tremendously over the last forty years. With a new study just published, we can gauge, comparatively, which specific industry categories are the worst offenders. This article documents […]
Newsday: Cyber Monday is bad biz for states
December 19, 2012
(Original Post) Originally published: November 25, 2011 3:41 PM Updated: November 28, 2011 12:01 AM By MATTHEW GARDNER Matthew Gardner is executive director of the Institute on Taxation and Economic Policy, a nonprofit, nonpartisan research organization in Washington. With the holiday season now in full swing, why are so many Main Street retailers down in […]
Plain Dealer: Politifact- Sen. Rob Portman says the U.S. has the second highest corporate tax rate
December 19, 2012
(Original Post) “We have the second highest corporate tax rate among our trading partners.” Rob Portman on Friday, November 11th, 2011 in a Joint Select Committee on Deficit Reduction hearing Tax reform was an issue addressed by the Joint Select Deficit Reduction Committee, aka the supercommittee, in its failed quest to reduce the federal budget […]
Joy Cardin Radio Show on WPR: Cyber Monday and Internet Sales Taxes
December 19, 2012
Joy Cardin Show on Wisconsin Public Radio – Big Question Segment Program Page November 30, 2011 After a busy Cyber Monday, a plan to collect sales tax on internet sales goes before a Congressional committee today. After seven, Joy Cardin asks her guests this week’s Big Question: do you support the idea of an Internet […]
Market Watch: New Report: 265 Major, Profitable U.S. Corporations’ Tax Avoidance Costs States $42 Billion Over Three Years; Sixty Eight Companies Have at Least One Tax-Free Year
December 19, 2012
(Original Post) WASHINGTON, Dec. 7, 2011 /PRNewswire via COMTEX/ — The Institute on Taxation and Economic Policy and Citizens for Tax Justice Release “Corporate Tax Dodging in the Fifty States, 2008-2010” A comprehensive new study that profiles 265 consistently profitable Fortune 500 companies finds that 68 of them paid no state corporate income tax in […]
Orlando Sentinel: Central Florida companies don’t pay fair share of state income taxes, report says
December 19, 2012
(Original Post) By Sandra Pedicini, Orlando Sentinel 4:54 p.m. EST, December 7, 2011 Three Central Florida companies were named in a national report released Wednesday that contends many corporations pay too little in state income tax. Darden Restaurants, Publix and Harris Corp. are “paying substantially less than what the tax rate would suggest they should […]
Accounting Today: Corporate Tax Avoidance Cost States $42 Billion
December 19, 2012
(Original Post) Washington, D.C. (December 7, 2011) By Michael Cohn, Accounting Today Sixty-eight of the most consistently profitable Fortune 500 companies paid no state corporate income tax in at least one of the last three years, and 20 of the companies averaged a tax rate of zero or less from 2008-2010.Like what you see? Click […]
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