Reports

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 […]

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 […]

The Walmart Tax Subsidy

As Walmart prepares to implement its previously announced plan to hike wages to a minimum of $9 an hour in April, Americans for Tax Fairness has published a new report detailing how employee wage hikes to $9 in 2015 and to $10 in 2016 will still require large taxpayer subsidies to compensate for Walmart’s low […]

Burger King’s Inversion: A Whopper of a Tax Dodge

This new Americans for Tax Fairness report shows that Burger King and its leading shareholders will dodge an estimated $400 million to $1.2 billion in taxes between 2015 and 2018 from its planned merger with Tim Hortons, a Canadian company. This contradicts the assertion by CEO Daniel Schwartz that Burger King’s plan to become a Canadian […]

New Report Reveals That Walmart Avoids Billions In U.S. Taxes, And Is Working To Change The Law So It Can Dodge Billions More

WASHINGTON – A new report released Thursday by Americans for Tax Fairness (ATF) reveals that Walmart uses tax breaks to dodge a whopping $1 billion annually, on average, in federal taxes. It also shows how Walmart is working behind the scenes to help lower the U.S. corporate tax rate to 25%, which would allow Walmart to cut its tax bill on average another […]

How Walmart is Dodging Billions in Taxes: And Scheming to Avoid Billions More

This new Americans for Tax Fairness report exposes how Walmart uses tax breaks to dodge a whopping $1 billion in federal taxes each year, on average. It also shows how Walmart is working behind the scenes to help lower the U.S. corporate tax rate to 25%, which would allow Walmart to cut its tax bill […]

Walmart’s Executive Bonuses Cost Taxpayers Millions

Walmart, the largest private U.S. employer with 1.4 million employees, 1 has been widely criticized for shifting the costs of its low-wage model onto taxpayers. Hourly employees receive low-level if not poverty wages and inadequate benefits and many of them are forced to work part-time, leaving thousands with little choice but to rely on public […]

New Report Analyzes Walgreens’ Possible Move of its Corporate Address Offshore to Avoid Paying $4 Billion in U.S. Taxes over Five-Year Period

WASHINGTON – A new report released today by Americans for Tax Fairness (ATF) and Change to Win Retail Initiatives estimates that Walgreens could cost taxpayers $4 billion in lost revenue over five years should the company decide to renounce its American corporate legal status and move its official address to Switzerland, a tax haven. The company […]

New Report Reveals Walmart Cut Its Taxes by $104 Million by Giving Executives Lavish “Performance-Based” Bonuses

WASHINGTON – Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS) today released a report revealing that Walmart received $104 million in taxpayer subsidies over a six-year period due to tax deductions for “performance-based” executive compensation. During that time, eight top executives pocketed more than $298 million in “performance pay” that was fully tax deductible.