Washington
Washington Post: Study: Big corporations use loopholes, dodge taxes
December 19, 2012
(Original Post) By Jia Lynn Yang, Thursday, November 3, 12:00 AM Many of this country’s biggest companies paid no federal taxes — or even made money through credits and refunds from the government — over the past three years by using an array of loopholes and tax breaks, according to a report released Thursday. The […]
News Max: Big Firms Pay No Taxes
December 19, 2012
(Original Post) Friday, 04 Nov 2011 12:53 PM By Jim Meyers With the federal government drowning in debt and lawmakers struggling to curtail the deficit, a new report shows that many of the nation’s biggest companies paid no federal taxes over the past three years — and some even made money through credits and refunds […]
Memphis Commercial Appeal: Study on corporate tax ‘dodgers’ names Memphis-based FedEx, Int’l Paper
December 19, 2012
WASHINGTON — Memphis-based FedEx Corp. paid no corporate income taxes in 2008 and International Paper Co. paid none last year, according to a study by Citizens for Tax Justice and the Institute on Taxation and Economic Policy released Friday. By Bartholomew Sullivan Posted November 4, 2011 at 5:26 p.m., updated November 4, 2011 at 9:51 […]
Chattanooga Times: EDITORIAL: U.S. taxes unfair on multiple levels
December 19, 2012
So the issue isn’t so much whether there should be taxes at all, but whether our taxes are spent wisely and according to the limits laid down by the U.S. Constitution. Too often, of course, they aren’t. But many people also question whether taxes are levied fairly. Nearly half of American households pay no federal […]
Palm Beach Post: Rooney right to call and raise: Joins just two others in House delegation to reject ideology
December 19, 2012
By The Palm Beach Post Posted: 7:23 p.m. Monday, Nov. 7, 2011 Dysfunction in Washington is so severe that stating the obvious counts as an act of courage. Three members of Florida’s U.S. House delegation stated the obvious last week when they signed a letter agreeing that for the debt-reduction committee to succeed, “all options […]
The Berkshire Eagle: Disgraceful tax dodge
December 19, 2012
(Original Post) Updated: 11/07/2011 11:14:26 AM EST Monday November 7, 2011 If there is anything we should be able to agree upon in this fractured nation it’s that giant corporations should not pay less in federal taxes than the average small business or working man and woman. Especially those corporations that extravagantly compensate their top […]
Reuters: Benefiting from taxes
December 19, 2012
(Original Post) Tue Nov 8, 2011 7:00am EST By David Cay Johnston Nov 8 (Reuters) – In a competitive market, economists argue endlessly about who bears the burden of corporate income tax. Is it owners, who get a smaller net return? Or workers, who make less? Or suppliers, who get lower prices? Or customers, who […]
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 […]
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 […]
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 […]
The Boston Globe: Big corporations avoid state taxes, study says
December 19, 2012
(Original Post) By Beth Healy | Globe Staff December 08, 2011 Sixty-eight out of 265 Fortune 500 companies across the country paid no state corporate income taxes in at least one of the last three years, according to a new report. The companies included in the study – including EMC Corp. and Raytheon Co. […]
The Epoch Times: Many Large Firms Paid No State Taxes, Report Says
December 19, 2012
(Original Post) By Alex JohnstonEpoch Times Staff Created: December 8, 2011 Last Updated: December 8, 2011 A report released on Wednesday found that 68 large companies in the United States paid no state income taxes in at least one of the past three years, and 20 of these companies had a tax rate of zero […]
Washington Post: Some companies paid little or no state tax
December 19, 2012
(Original Post) By Danielle Douglas, Published: December 11 Some of the Washington area’s biggest public companies paid little to no state income taxes by using a myriad of tax breaks and other tactics, according to a research report released last week. Citizens for Tax Justice and the Institute on Taxation and Economic Policy examined 265 […]
The Huffington Post: State Tax Reform Legislation Likely In 15 States In 2013
December 19, 2012
(Original Post) John Celock Posted: 12/19/2012 12:59 pm EST WASHINGTON — Fifteen states are likely to see some sort of tax reform legislation in 2013, according to a study released Wednesday by the Institute on Taxation and Economic Policy. ITEP said that a series of tax reform packages, ranging from an extension of the sales […]
Twin Cities Daily Planet: Tax Cut on Autopilot
December 17, 2012
Original Post by Conrad Defiebre January 5, 2012 On July 1 this year, Minnesota’s highway fuel tax will go up a half-penny to 28.5 cents a gallon, the last of seven phased increases that began in 2008. Absent legislative action, it won’t go up again — ever. Before you raise a cheer, let’s consider what […]
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 […]
Huffington Post: Hollywood Activists Protest FedEx’s Low Corporate Tax Rate
December 17, 2012
(Original Post) Anna Almendrala First Posted: 01/25/2012 9:55 pm Updated: 01/26/2012 12:49 pm Unfair tax rates are the topic du jour when it comes to inequality in America and protesters in Hollywood put the issue center stage on Wednesday afternoon with a march down Hollywood’s Sunset Boulevard to highlight what they called FedEx’s excesssively low […]
Huffington Post: Obama Corporate Tax Plan Would Create Big Winners And Big Losers
December 17, 2012
(Original Post) Dan Froomkin Senior Washington Correspondent, Huffington Post Posted: 02/23/12 03:18 PM ET | Updated: 02/23/12 03:30 PM ET WASHINGTON — Every one of the dozens of corporate tax loopholes and subsidies that President Barack Obama announced this week he’d like to expunge has something in common: Somebody fought really hard to get it […]
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 […]
Associated Press: Wash. House Dem freshmen call for tax code changes
December 17, 2012
(Original Post) JONATHAN KAMINSKY, Associated Press THE ASSOCIATED PRESS STATEMENT OF NEWS VALUES AND PRINCIPLES OLYMPIA, Wash. (AP) — Washington state’s freshman House Democrats on Wednesday called for wide-ranging changes to the state’s tax code, from creating a state capital gains tax to eliminating the out-of-state sales tax exemption. A dozen lawmakers — one of […]
Orlando Sentinel: Shamu the shrewd? SeaWorld sees record earnings – and no income tax
December 17, 2012
(Originial Post) 5:56 p.m. EST, April 4, 2012| By Jason Garcia, Orlando Sentinel SeaWorld Parks & Entertainment had a banner year in 2011. Attendance and guest spending rose across its U.S. theme parks. Earnings set a company record. But SeaWorld won’t have to pay a dime in federal income tax. It will not have to […]
The Orlando Sentinel: SeaWorld an example of why people want tax laws changed
December 17, 2012
(Original Post) By Jason Garcia — The Orlando Sentinel Posted: 12:00am on Apr 9, 2012; Modified: 1:38am on Apr 9, 2012 ORLANDO, Fla. — SeaWorld Parks & Entertainment had a banner year in 2011. Attendance and guest spending rose across its United States theme parks. Earnings set a company record. But SeaWorld won’t have to […]
