Select Media Mentions
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 […]
The Huffington Post: State Income Tax Avoided By 68 Large Profitable U.S. Companies In Recent Years: Study
December 19, 2012
(Original Post) Bonnie Kavoussi First Posted: 12/ 7/11 12:16 PM ET Updated: 12/ 7/11 12:16 PM ET Large U.S. corporations are not only figuring out ways to avoid federal income taxes, but taxes at the state level too. Of the country’s most consistently profitable large companies, a full fourth of them — 68 companies in […]
The Tennessean: Dollar General, Community Health are tax dodgers, report says
December 19, 2012
Dollar General Corp. and Community Health Systems are among Fortune 500 companies in Tennessee using loopholes to avoid paying their fair share of state corporate income taxes, according to a new report from two tax policy think tanks. Nationwide, corporate tax avoidance by 265 corporations cost all states $42 billion in lost revenues in the […]
Nashville Scene: Memphis Multinational Company Skirts Taxes
December 19, 2012
(Original Post) Posted by Jonathan Meador on Wed, Dec 7, 2011 at 12:44 PM Memphis-based International Pulp and Paper paid no state income taxes in 2008 and 2010, according to data released today by the nonprofit Citizens for Tax Justice. The data, included in the CTJ’s “Corporate Tax Dodging in the Fifty States, 2008-2010″ report, […]
The Cap Times: State firms named in tax avoidance report
December 19, 2012
(Original Post) MIKE IVEY | The Capital Times | [email protected] | @BizBeatIvey | Posted: Wednesday, December 7, 2011 12:30 pm A new report is out showing — once again — that the largest and most profitable U.S. corporations manage to skirt paying state and local income taxes. The Washington-based Institute on Taxation and Economic Policy […]
NPR: Report Shows Many Profitable Companies Pay No State Income Taxes
December 19, 2012
(Original Post) by Chris Lehman December 6, 2011 Dozens of Fortune 500 companies paid no net state income taxes over the past three years, including one in the Pacific Northwest. That’s one of the findings of a report issued Wednesday by a liberal think tank. The report examined federal Securities and Exchange Commission filings from […]
Bloomberg: Sixty-Eight U.S. Companies Avoided State Income Tax, Study Finds
December 19, 2012
(Original Post) By Andrew Zajac – Dec 7, 2011 12:29 AM ET Sixty-eight large U.S. corporations paid no state income tax in at least one of the past three years and 20 had an average tax rate of zero or less in that period, according to a report by the Institute on Taxation and Economic […]
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