ATF in the News ·
April 15, 2016
Main Street Alliance Op-Ed in The Hill: Small Businesses Pay Their Taxes. Why Don’t Big Corporations?
ATF ally The Main Street Alliance placed the following op-ed in The Hill. Rosalind McCallard wrote: “Like a lot of small business owners at tax season, I’m rushing to get my returns in on time. But big corporations can take it easy: they get to decide when, if ever, to pay $700 billion in U.S. […]
ATF in the News ·
April 12, 2016
Op-Ed in the Chicago Tribune: Tax Day Should Mean Something for Big Corporations, Too
ATF ally The Main Street Alliance placed the following op-ed in The Chicago Tribune. David Borris wrote: “Tax Day is the perfect time to highlight the different sets of rules that apply to small business and big business in our country. While most small business owners (and most citizens) have to file and pay their […]
ATF in the News ·
April 11, 2016
Tax Notes: Taxes Proving to Be Campaign Dud So Far
Although most 2016 presidential candidates took the trouble to develop fairly detailed tax plans, taxes are playing a small role in the campaign so far, political analysts say. Few polls involve questions about the tax positions of the candidates, and those that do show taxes fairly well down the list of voter concerns. … Ron […]
ATF in the News ·
April 10, 2016
The (Newark) Star-Ledger Columnist: How New Jersey Largest Corporations Dodge Paying U.S. Taxes
Star-Ledger Guest Columnist Linda Stamato wrote: “Four New Jersey companies make the top 10 list of corporate tax dodgers reported by Americans for Tax Fairness. They include Honeywell, Merck, Pfizer and Verizon.” “The tax code, once you get to know it, embodies all the essence of human life: greed, politics, power, goodness, charity.” — From “The Pale King,” by David Foster […]
ATF in the News ·
April 8, 2016
Thom Hartmann Program: The Treasury Department Disrupts Pfizer-Allergan Inversion!
This News Story appeared on the Thom Hartmann Program. Frank Clemente of the group Americans for Tax Fairness said, “If our analysis is correct, this is a major victory for taxpayers who pay their fair share and who should expect no less from one of America’s biggest and most profitable corporations.” The U.S. Treasury Department […]
ATF in the News ·
April 8, 2016
The Nation: Capitalist Deserter Pfizer Just Got a Spanking
This piece appeared in The Nation. Tax law is not sexy, but Pfizer’s loss is a potent win for small-d democracy. It can provide a starting point for reinvigorating reform politics. Among Washington’s myriad scandals, the drug industry is the Goliath of our corrupted politics. Pfizer and its brethren in Big Pharma spread millions around the […]
This piece appeared on Inequality.org. The planned merger between American pharmaceutical giant Pfizer, maker of Viagra, and the Irish pharmaceutical company Allergan, maker of Botox, was the most high profile inversion to hit the news recently. Pfizer’s blatant tax dodging motives sparked serious backlash from tax fairness activists and organizations, 55 of which sent a letter […]
ATF in the News ·
April 7, 2016
Op-Ed in The Guardian: If You’re Rich, You Can Avoid Paying Taxes. That’s Got to Change.
Article below found in The Guardian. Congresswoman Jan Schakowsky (D-Ill.) wrote: “Pfizer apparently tried to structure one such inversion deal with the Irish company Allergan, shifting its headquarters from the US to Ireland. According to Americans for Tax Fairness, Pfizer would loan $150bn in untaxed profits to Allergan and then avoid paying $35m in taxes owed […]
ATF in the News ·
April 6, 2016
New York Times Editorial: A Corporate Tax Dodge Gets Harder
This editorial appeared in the New York Times. Any pretense to a motivation other than dodging taxes has now been wiped away. On Wednesday, just two days after the Obama administration introduced new rules to narrow the loopholes that the drug companies were exploiting, Pfizer announced that the deal with Allergan was off. Pfizer never tried to hide the fact […]
ATF in the News ·
April 6, 2016
The Financial Times: How Fury Over Tax Havens Moved From the Margins to the Mainstream
Across the Atlantic, tax dodging has become an emblem of what has left so many Americans infuriated with the business and political elite, says Frank Clemente, executive director of Americans for Tax Fairness, a liberal advocacy group. “Americans are really upset about Washington. They think it is a cesspool filled with special deals. The place […]