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...
The Little-Known Fund at the Heart of the Paris Climate Agreement

The Little-Known Fund at the Heart of the Paris Climate Agreement

Green Climate Fund — now there are three words guaranteed to raise the hackles of Republican members of Congress. The fund is little known outside the world of climate skeptics and policy wonks. Yet the $10.3 billion fund, to which the United States has pledged $3...
The Spanish Left’s Proposal to Combat Inequality

The Spanish Left’s Proposal to Combat Inequality

After weaker than expected results in Sunday’s election, Pablo Iglesias, leader of the Spanish Podemos Party, vowed to continue to push the young party’s ambitious anti-inequality and anti-austerity platform. Podemos and other smaller leftist parties in the coalition...
Onshore Tax Havens

Onshore Tax Havens

The first thing you notice on the cab ride from the airport to downtown Panama City is the skyscrapers. They’re architecturally beautiful, but jumbled together as if there was no plan or consideration for how they might look next to one another. What you might not...
Rare Wins for Tax Fairness Spark New Life Into the Movement

Rare Wins for Tax Fairness Spark New Life Into the Movement

How do you generate tens of billions of dollars in new revenue without raising taxes or passing a law through Congress? Block a corporate inversion, that’s how. This week President Obama announced new rules from the Treasury Department designed to close what he...
The Treasury Department Could Help Block Offshore Tax Havens

The Treasury Department Could Help Block Offshore Tax Havens

My colleague Chuck Collins, almost exactly five years ago, wrote a blog post that opened: “We’re chumps unless we force Congress to stop tax haven abuse.” I’m here to say: we’re chumps. Congress has not taken significant action on offshore tax havens despite serious...
How Will the Candidates Tax the Rich?

How Will the Candidates Tax the Rich?

With the Iowa caucuses and New Hampshire primary right around the corner and the debates finished up, the Democratic primary appears neck and neck as Bernie Sanders and Hillary Clinton jostle for support in key early states. They have each put forward detailed tax...
Here’s What the Millionaires at Davos Can Do About Global Inequality

Here’s What the Millionaires at Davos Can Do About Global Inequality

Every winter the world’s political and business elite retreat to the Swiss mountain resort of Davos to think deep thoughts and sup at five-star eateries. The corporate execs, bankers, and finance ministers who frequent this annual Davos World Economic Forum have of...
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...
Will Congress Be Duped Again on Offshore Taxes?

Will Congress Be Duped Again on Offshore Taxes?

Like a savvy bargainer on a used car lot, big multinational corporations have mastered the art of feigning indifference and walking away. What they walk away with is their profits, stockpiling them abroad where they legally remain untaxed until returned to the United...
Burning Our Bridges

Burning Our Bridges

To generate funds to shore up our nation’s crumbling infrastructure, the U.S. Congress is considering giving corporations large tax cuts on their offshore profits. Under current law, corporations can defer U.S. tax payments on overseas earnings until they bring the...
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...
How Much Wealth Are Our Wealthiest Hiding?

How Much Wealth Are Our Wealthiest Hiding?

Almost everyone knows how Al Capone went down. We’ve seen the movies. The biggest and baddest gangster in American history extorted and murdered for years. But the feds could never convict him on anything, until the green eyeshade guys went to work. They finally...