Pfizer: Price Gouger, Tax Dodger

Pfizer, one of the world’s largest pharmaceutical companies and more profitable companies, is attempting to permanently dodge tens of billions of dollars of U.S. taxes it currently owes through a merger with fellow drug firm Allergan, based in the tax haven of Ireland. While technically not a corporate inversion, this maneuver will provide Pfizer with […]

Pfizer’s Tax Dodging Rx: Stash Profits Offshore

Pfizer, one of the world’s largest pharmaceutical companies, has announced that it has entered into preliminary discussions with the Irish corporation Allergan to effect a business combination, which most observers assume would be structured as an “inversion” transaction. An inversion would allow Pfizer to renounce its U.S. tax citizenship while retaining its current U.S. headquarters, management structure […]

Carl Icahn’s Latest Investment: Corporate Tax Dodging

Sometimes the smartest investment a Wall Street billionaire can make is in our pay-to-play political system. That’s why legendary wheeler-dealer Carl Icahn plans to fund a campaign to promote a huge corporate tax cut — one that could personally enrich him by up to $440 million (and maybe more). With that kind of payoff, the […]

Raising Revenue Must Be Central Goal of Budget Talks

Budgets are made up of spending and revenue. But budget negotiators in Washington are talking only about what spending to cut, not what revenue to raise — even though there are gaping tax loopholes to close. Closing them would eliminate the need to cut critical services that benefit tens of millions of Americans and would […]

Vintage Ethics: Etsy Crafts an Offshore Tax Dodge

  Who knew a New Age crafts seller could be so, well, crafty? Etsy, the online marketer of handmade earrings, vintage watches and millions of other precious items, proudly brands itself a socially responsible corporation. But when it comes to the socially responsible act of paying its fair share of taxes, Etsy is decidedly old […]

5 Tax Myths You’ll Hear During Republican Presidential Debate

We tune into presidential debates for the surprises (who knew Rick Perry couldn’t count to three?), but most of what happens is all too predictable. At a GOP debate, you can be sure taxes will be a hot topic. After all, what ailment can’t be cured with a tax cut? Here are some perennial Tax […]

Tax Fairness Coalition Sends Letter to U.S. Senate Finance Committee Criticizing Unpaid for Corporate Tax Breaks in Tax Extender Legislation

Americans for Tax Fairness, which represents 425 national and state endorsing organizations, sent a letter today to U.S. Senate Finance Committee members.

The Walmart Web

How the World’s Biggest Corporation Secretly Uses Tax Havens to Dodge Taxes A groundbreaking report reveals that Walmart has built a vast, undisclosed network of 78 subsidiaries and branches in 15 overseas tax havens, which may be used to minimize foreign taxes where it has retail operations and to avoid U.S. tax on those foreign […]

Congress Rewards Corporations While Punishing The American People

Opinion piece by Frank Clemente, Executive Director of Americans for Tax Fairness on the House of Representatives vote to extend the R&D tax credit.

Repeal of Estate Tax Rewards Billionaires, Punishes Working Americans

Who deserves a break more these days: a struggling working family, or the heir to a billion-dollar fortune? According to the Republican majority in the U.S. House of Representatives, it’s the billion-dollar baby. Recently, the House voted for a budget that would end tax credits for many working families that put $1,000 a year in […]