Richard is a senior policy analyst at ITEP. He researches and writes about current and proposed federal tax laws and regulations, with an emphasis on corporate and international tax policy. He regularly reviews corporate financial filings and produces blogs, reports and analyses about corporate tax avoidance and how loopholes in the federal tax code enable it. He also writes about legislative solutions to curb tax avoidance. Since 2011, he has co-authored ITEP’s comprehensive corporate studies, which include years of data on corporate financial filings, show trends in corporate tax avoidance, and explore how corporations use loopholes in the federal tax code to reduce their effective tax rates. He is the lead author for the last three editions of Offshore Shell Games, a report that reveals how much Fortune 500 companies are avoiding in U.S. tax by holding their profits in tax haven countries. He has testified on individual and corporate tax issues before the Maryland State Legislature and, recently, before the U.S. House Ways and Means Tax Policy Subcommittee.
Prior to joining ITEP in 2010, Richard made his way through the progressive policy world as an intern at the Center for American Progress, Taxpayers for Common Sense, and Center on Budget and Policy Priorities. He holds bachelor’s degrees in both political science and interdisciplinary studies, and a Master’s Degree in Public Policy (with a focus in public financial management) from American University. Richard hails from Frederick, Md., and currently resides in Washington, D.C.
Follow Richard on Twitter: @taxjusticewonkrichard at itep.org
Recent Publications and Posts view more
A core problem with our corporate income tax laws at the federal and state levels is that they allow companies to use accounting gimmicks to shift significant amounts of their profits into low or zero-tax jurisdictions. Federal lawmakers had an opportunity to address this with the 2017 tax law, but they failed to do so, and, in fact, the law may incentivize more offshore tax avoidance. State lawmakers, however, can buck the federal trend and crack down on profit shifting themselves.
While it has only been a year since passage of the Tax Cuts and Jobs Act (TCJA), it’s clear the law largely is both a debacle and a boondoggle. Below are the five takeaways about the legacy and continuing effect of the TCJA. 1. The Tax Cuts and Jobs Act will substantially increase income, wealth, and racial inequality. 2. The Tax Cuts and Jobs Act will continue to substantially increase the deficit. 3. The Tax Cuts and Jobs Act is not significantly boosting growth or jobs. 4. The Tax Cuts and Jobs Act continues to be very unpopular. 5. Despite the Tax Cuts and Jobs Act’s lack of popularity and ill effects, many Republican lawmakers are calling for even more tax cuts for the wealthy and corporations.