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: @taxjusticewonk
Recent Publications and Posts view more
With most of the results of the 2018 midterm elections in, the broad landscape for federal tax policy over the next couple years is coming into view. Democratic control of the House and Republican control of the Senate means a significant tax overhaul is unlikely, but minor tax changes may happen. And the run-up to the 2020 presidential election will force more robust debate over the impact of the Tax Cuts and Jobs Act (TCJA) and what aspects of the legislation should be repealed, reformed, or built upon.
A recently released working paper from Kimberley Clausing of Reed College finds that U.S. corporations will avoid taxes on nearly $300 billion in offshore profits every year for the foreseeable future. The paper provides an informative new look into the level of offshore tax avoidance before and after the Tax Cuts and Jobs Act (TCJA). While advocates of the TCJA claimed the tax law would end tax haven abuse through lowering the statutory rate and other measures, Clausing’s analysis shows that the TCJA will still allow the vast majority of offshore tax avoidance to remain intact.