Why Not Tax Heirs Directly?

Why Not Tax Heirs Directly?

With the onslaught of inequality-increasing policy directives coming out of the White House these days, it’s easy to lose sight of what good policy ideas look like. Lily Batchelder, author of this just-published Democracy Journal article, refuses to let our bleak...
How a Global Tax on Billionaires Could Help End Extreme Poverty

How a Global Tax on Billionaires Could Help End Extreme Poverty

At the end of Thomas Piketty’s 2013 blockbuster Capital in the Twenty-First Century, the French economist makes a compelling case for a global wealth tax. Levying a tax on wealth, Piketty explains, would be a preferable alternative to global war or economic calamity,...

Fast Food CEOs Gorge on Taxpayer-Subsidized Pay

Washington DC — Ordinary taxpayers are subsidizing exorbitant executive pay at the top fast food corporations, according to a new report by the Institute for Policy Studies. The report focuses on the loophole that allows corporations to deduct unlimited amounts from...
New Report: Corporate Pirates of the Caribbean

New Report: Corporate Pirates of the Caribbean

DOWNLOAD FULL REPORT HERE CEOs with the dubious lobby group “Fix the Debt” are pushing for cuts to Social Security, Medicare, and the social safety net, painting themselves as the good guys in the budget debate. But as they ask for everyday Americans to...
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...

New IPS Proposal Would Scrap Most of the Deficit

Without trimming the safety net, an Institute for Policy Studies framework would shrink the federal budget deficit by $881 billion per year while making the United States more equitable, green, and secure. Washington DC — A new Institute for Policy Studies...

Stop Corporate Tax Dodgers: IPS Media Highlights

Two weeks ago, IPS released a study which demonstrated that 25 giant firms were paying more to their CEOs than they paid in taxes to Uncle Sam. As you will see in this short video, the study hit a chord. It was covered in The New York Times, The Washington Post, Fox...
Executive Excess 2011: The Massive CEO Rewards for Tax Dodging

Executive Excess 2011: The Massive CEO Rewards for Tax Dodging

Guns don’t kill people, the old saw goes. People do. By the same token, corporations don’t dodge taxes. People do. The people who run corporations. And these people — America’s CEOs — are reaping awesomely lavish rewards for the tax dodging they have...