New York
Concord Monitor: No tax holiday for profits held offshore
December 19, 2012
(Original Post) By Monitor staffNovember 4, 2011 The driving force behind the Occupy Wall Street protests that have cropped up across the nation is the participants’ belief that the game is rigged. Corporations and wealthy political campaign donors concoct the rules and a Congress more concerned with reelection than governing makes them the law of […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
New York Times: Big Firms Limit Paying State Taxes, Study Finds
December 19, 2012
(Original Post) By MICHAEL COOPERPublished: December 7, 2011 As states have struggled to balance their budgets by cutting services, laying off workers and raising taxes, a study to be released on Wednesday suggests that many profitable Fortune 500 companies have not been paying as much in state corporate income taxes as the average levied on […]
Think Progress: Corporate Tax Dodging Has Cost States More Than $42 Billion In Revenue Over The Last Three Years
December 19, 2012
(Original Post) By Travis Waldron on Dec 7, 2011 at 6:30 pm DuPont would rather sponsor race cars than pay taxes ThinkProgress has documented the repeated tax dodging of large corporations, some of which, like GE, have gone entire years without paying taxes despite hauling in massive profits. Now, that phenomenon has spread to the […]
The Courier-Journal: Study names Yum! Brands among companies “dodging” state taxes
December 19, 2012
(Original Post) Posted on December 9, 2011 by Chris Otts A new report names Louisville-based Yum! Brands as one of 68 Fortune 500 companies that paid no state corporate income taxes in at least one year between 2008-2010, despite earning profits for shareholders. The report doesn’t say that Yum! has been shorting the state of […]
WNYC: ‘The Capitol Pressroom’ with Susan Arbetter
December 19, 2012
(Original Post) December 19, 2011 | 10:25 AM | By Colby Hamilton Today on “The Capitol Pressroom”: The North Country was a big winner in the economic development grant competition. While the 16 projects that won the $103.2 million dollars are posted on-line, we wanted to know how these projects will leverage growth throughout the […]
NYS Tax Reform and Fairness Commission: Promises Made But Not Yet Kept
December 17, 2012 • By ITEP Staff
The Governor has called for the creation of a Tax Reform and Fairness Commission to develop recommendations on how we might modify our current tax structure so that is fair to all New Yew Yorkers. The current tax system in the State of New York tends to put more of the state and local tax […]
ABC News: State of the Union: Fact Checking the President
December 17, 2012
(Original Post) By ABC News | ABC News ABC News’ Huma Khan, Elizabeth Hartfield, Matt Negrin, Chris Good, Amy Bingham, Jeunee Simon, Greg Krieg, Meg Fowler and Sarah Parnass report:Fact or Fiction Number 1 – The Booming Economy: Obama’s Jobs Story Did the economy crater before President Obama’s inauguration, then rebound once his policies took […]
Outcome Magazine: U.S. tax loopholes allow some highly profitable companies to skate
December 17, 2012
(Original Post) February 22, 2012 By ANTHONY HALL The U.S. corporate tax code just became the biggest sidebar under jobs for the national election campaign. It should be clear to one and all that large corporations have not begun to participate in hiring to any significant degree and are, in fact, far short of getting […]
Chicago Tribune: The case for a graduated income tax in Illinois
December 17, 2012
(Original Post) Tuesday, February 28, 2012 If Illinois were to adopt the same graduated income tax rate structure as Iowa, Illinois would raise $6.3 billion more in revenue than it does from its current five percent flat rate, while 54 percent—over half—of all taxpayers would pay less in state income taxes…from The Case for Creating […]
International Business Times: GE Taxes Again Under Scrutiny: Only 2.3% Paid Over 10 Years, Group Says
December 17, 2012
(Original Post) By Ashley Portero February 29, 2012 1:30 PM EST General Electric Co. (NYSE: GE) again stands accused of employing tax-dodging techniques to avoid paying a fair rate of income tax. In a dispute that crystallizes the politically charged debate over corporate taxes, GE is again the focus of criticism from Citizens for Tax […]
Journal News: Gas taxes fail in their purpose
December 17, 2012
11:02 PM, Mar. 19, 2012 Written by A Journal News editorial Sunday’s report on gas taxes in New York helps codify the pain and anguish so many New Yorkers feel when they so much as drive by a gas station in the Empire State. “It’s outrageous,” declared Stephen Lester, whose quest for cheaper gas takes […]
Newsday: New York should pass its Dream Act
December 17, 2012
(Original Post) Published: April 11, 2012 6:13 PMBy CARL HAYDEN Carl Hayden is former Regents chancellor and former chairman of the SUNY Board of Trustees. Undocumented young people are everywhere in our public schools. They pay tuition at our colleges and universities. Despite a persistent misperception, they and their parents pay taxes. Still, they are […]
John Hopkins News-Letter: Illegal immigration is not the problem
December 17, 2012
(Original Post) By NIKKO PRICE Published: Saturday, April 14, 2012 Updated: Friday, April 13, 2012 21:04 This week, the Christian Science Monitor reported that illegal immigration in the United States has hit a net zero for the first time in 50 years. The population of undocumented immigrants in the U.S. has fallen from 12 million […]
Connecticut News Junkie: Taxes Build Our State and Nation
December 17, 2012
(Original Post) by Wade Gibson | Apr 16, 2012 9:55am For Easter, my friend and I traveled from Connecticut to visit family down in Texas, a distance of nearly 2,000 miles. Two centuries ago, our journey would have taken months by land; a sailboat would have hastened our trip, although we would have feared pirates […]
Press TV: No fair share for war taxes
December 17, 2012
(Original Post) Sun Apr 22, 2012 3:29PM GMT Frida Berrigan, Waging Nonviolence I am big fan of the post office in general and of my local post office in particular. I go there as often as I can (honestly, I do). But, when I needed stamps on Monday, I was not prepared for the line […]
Fairfield County Business Journal: Corporations dodge taxes, hand small biz the bill
December 17, 2012
(Original Post) by Janice Kirkel The amount the average American small business had to pay in 2011 to cover the cost of corporate abuse of tax havens was $2,116.The amount an individual tax filer had to pay was $426. Both are the findings of a report by U.S. PIRG, the federation of state public interest […]
Casper Star-Tribune: Wyoming ranks high again for economic growth
December 17, 2012
(Original Post) By JOAN BARRON Star-Tribune capital bureau | Posted: Sunday, April 29, 2012 10:00 am CHEYENNE — Wyoming again ranks fourth among states for best economic growth and outlook, largely because of the state’s low total tax burden, according to a nonprofit group’s report. The American Legislative Exchange Council ranked Wyoming fourth for the […]
