News Releases
Contrary to Rhetoric, President’s Tax Plan Will Disproportionately Benefit Wealthy Taxpayers and Corporations
February 28, 2017 • By ITEP Staff
Following is a statement by Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy, regarding President Donald Trump's address to Congress. During the speech, Trump said he will reduce the corporate tax rate and provide "massive" tax relief for the middle class.
Trump/Congressional Tax Holiday Would Net $514 Billion Corporate Tax Break
January 18, 2017 • By ITEP Staff
Fortune 500 corporations stand to reap $514 billion in tax breaks under President-elect Trump's proposal to allow companies to pay only a 10 percent tax rate on offshore profits. And the 10 firms that have most aggressively shifted their profits offshore would glean fully 25 percent of this massive corporate tax break, the Institute on Taxation and Economic Policy (ITEP) said today.
News Release: U.S. Should Take a Page from European Commission’s Book And Crack Down on Corporate Tax Avoidance
August 30, 2016 • By ITEP Staff
Following is a statement by Matt Gardner of the Institute on Taxation and Economic Policy regarding the European Commission’s ruling today that the Apple Corporation must pay as much as €13 billion ($14.5 billion) in back taxes due to an illegal tax break granted by the Irish government. “The European Commission action is a chastening […]
ITEP Statement on Illinois Department of Revenue Analysis of House Bill 689
May 4, 2016 • By ITEP Staff
For Immediate Release: May 4, 2016 Contact: Jenice R. Robinson, 202.299.1066 X29, Jenice@itep.org Earlier today, the Illinois Department of Revenue (ILDOR) released an economic analysis of the tax changes included in House Bill 689, which would transform the state’s personal income tax from its current flat rate to a graduated-rate system. The following is […]
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