When Billionaires Dominate Philanthropy

When Billionaires Dominate Philanthropy

The last couple of years have been boom years for philanthropy. Total donations from individuals, foundations, and corporations rose in 2015 to over $373 billion, a 10 percent increase since 2013. But behind this statistic is a troubling trend. The charitable sector...
The Best and Worst Presidents on Taxes

The Best and Worst Presidents on Taxes

With all the debate over Donald Trump’s tax-dodging, I’ve been wondering how taxes have played into presidential politics in the past. For some answers, I turned to Bob McIntyre, head of the nonpartisan research and advocacy group Citizens for Tax Justice. For 40...
Trump Benefits From a Broken Tax System

Trump Benefits From a Broken Tax System

As we heard at the first presidential debate last week, Donald Trump is among the legions of wealthy investors and transnational corporations that lobby for special tax breaks and then declare they have “broken no laws.” Meanwhile, the bottom 99 percent of taxpayers...
Big Pharma Needs a Cure for its Tax Allergy

Big Pharma Needs a Cure for its Tax Allergy

Millions of families live in constant dread of what an unexpected encounter with a bee, a food additive, or even a dye  could bring. One slip, and breathing could quickly become difficult, or a heartbeat dangerously low. Severe allergies, untreated, can kill. But...
Mike Pence Is a Loyal Friend to Polluters

Mike Pence Is a Loyal Friend to Polluters

In Mike Pence, Donald Trump has picked a running mate who could be relied on to take a chainsaw to President Obama’s signature environmental policy. In 2015 the Indiana governor told Obama in no uncertain terms that his state would not be complying with the Clean...

New Report Shows Utility Tax-Dodging Worth Billions

Utilities companies pay the lowest effective tax rate of any U.S. business sector, and in 2015 this tax-dodging added up to billions in lost revenue that could’ve been used to fight climate change, according to a just-released report by the Institute for Policy...
Utilities Pay Up

Utilities Pay Up

The power sector is responsible for a third of U.S. greenhouse gas emissions, making it the country’s single largest contributor to climate pollution. In 2015, the Environmental Protection Agency released a Clean Power Plan (CPP) aimed at curbing these emissions, with...
America’s Billionaires Owe You a Thank You Note

America’s Billionaires Owe You a Thank You Note

This tax season, America’s billionaires are toasting you, the ordinary taxpayer. That’s because you’re the one picking up the tab for our nation’s ailing infrastructure of roads, bridges, and rail transport. You’re also footing the bill for military forces, disaster...
Fleecing Uncle Sam

Fleecing Uncle Sam

This report reveals stark indicators of the extent to which large corporations are avoiding their fair share of taxes. Of America’s 30 largest corporations, seven (23 percent) paid their CEOs more than they paid in federal income taxes last year. All seven of these...
Corporate Tax Dodgers: 10 Companies and Their Tax Loopholes

Corporate Tax Dodgers: 10 Companies and Their Tax Loopholes

HIGHLIGHTS OF 10 CORPORATE TAX DODGERS Bank of AmericaHad $17.2 billion in profits offshore in 2012 on which it paid no U.S. taxes. Reported it would owe $4.3 billion in U.S. taxes if profits are brought home. CitigroupHad $42.6 billion in profits offshore in 2012 on...

The One Percent Deports Itself

The number of people renouncing their U.S. citizenship is higher than ever. Now that new provisions in the Foreign Account Tax Compliance Act have gone into effect, the feds are reining in tax dodgers living abroad. But many of these super-wealthy people who would be...
Grassroots Victory

Grassroots Victory

A coalition of some of the world’s biggest and greediest corporations, which lobbied to shift their tax burden from themselves to America’s fast-disappearing middle class, is no more. The WIN America Campaign — led by Apple, Google, Cisco, and Pfizer...
Shortchanging America

Shortchanging America

Verizon shareholders gathering in Huntsville, Alabama at the company’s annual meeting on May 3 will be greeted by large crowds of protesters. The nation’s second-largest telecom company became the latest target of the 99 Percent Power campaign — a...
Six Rigged Rules Corporations Use to Dodge Taxes

Six Rigged Rules Corporations Use to Dodge Taxes

As American families rush to complete their annual tax returns, many will have paid more in federal income taxes than some of America’s largest and most profitable corporations. AT&T, Boeing, Citigroup, Duke Energy and Ford collectively reported more than...