This report is a modified version of an earlier report ITEP published in collaboration with Liberation in a Generation. 1. Corporate tax cuts and corporate tax avoidance worsen income inequality. When corporations are allowed to pay less in taxes, the ultimate beneficiaries are mainly the owners of corporate stocks, who are concentrated among the wealthiest … Read more
This report was produced in partnership with Liberation in a Generation and co-authored by that organization’s Jeremie Greer, Emanuel Nieves, and Solana Rice. Read the full report here. Policies that provide corporate tax breaks and allow corporate tax avoidance exacerbate racial and income disparities in our economy. These policies limit revenue raised that could finance … Read more
“Just the FACTs” is a round-up of news stories and information regarding efforts to combat corrupt financial practices, including offshore tax haven abuses, corporate secrecy, and money laundering through the financial system. Send feedback or items for future newsletters to Thomas Georges at tgeorges@thefactcoalition.org Here is the State of Play FACT Calls on Congress to … Read more
WASHINGTON — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America.The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.”But for the past several months, top Biden administration officials have also stepped up … Read more
The fact described in the text is that the 21% corporate flat tax rate enacted under the TCJA is permanent and does not expire.
Ireland is considering limiting its corporate tax break for dividend income to tax treaty countries.