Corporate Tax

Wall Street and Multinationals Get Theirs While America Suffers

While America still suffers with repressed wages, increasing poverty and a vanishing middle class, Wall Street and big Multinational Corporations are having a party.  Bonuses increased 15% and are back to their pre-financial crisis excesses  Corporations hording cash offshore increased 11.8% in 2013 to a whopping $1.95 trillion.

Outrageous Economic Shorts - The Great American Middle Class Wipe Out

Welcome to this week in economic outrage.  Every day there are thousands of economic horror stories where one just shakes their head in disbelief at the incessant injustice.  To combat the information overload, we give you a financial follies reader's digest and how those in power could care less about any of it.

Friday Movie Night - A Collection of Outrage

Tonight's Friday Night Video is a collection of news and interview clips that need to be seen to be believed.  The first is a report from NBC Rock Center on how people are getting their identities stolen and then ripped off.  If that wasn't bad enough, identity thieves are filing bogus tax returns and collecting the refunds

The Corporate Tax Dodge - Billions in Avoided Taxes While America Goes Broke

The Senate Subcommittee on Investigations held a hearing, Offshore Profit Shifting and the U.S. Tax Code. Did you know U.S. Multinational Corporations have more than $1.7 trillion in untaxed profits stashed as undistributed foreign earnings and keep at least 60% of their cash overseas? That these earnings have increased 400% in the last decade? That corporate tax as a percentage of total Federal revenues has dropped to only 8.9%?

Corporations Pay No State Taxes Either

We already know many large multinationals pay no Federal taxes, but did you know many businesses don't pay State taxes either? Citizens for Tax Justice has issued a new report, Corporate Tax Dodging in the 50 States, 2008-2010. The report shows, instead of creating jobs and products, corporations seem to be in the business of tax dodge.

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