243 Search Results for corporate taxes

In Letter to Congress at Start of Lame Duck, Nearly 60 National Groups Oppose Loophole Extensions that Could Cost $600 Billion Reflecting growing public demand for tax fairness, 58 national organizations yesterday sent a letter to Congress urging it to reject the extension of three corporate tax loopholes that could cost up to $600 billion […]

Major corporations enjoying record profits from low tax rates and inflated prices are lobbying Congress to renew three major tax breaks before the end of the year, two that expired this year and a third expiring next year. These tax giveaways—which could cost $600 billion in lost revenue if extended over 10 years—were given expiration […]

Americans for Tax Fairness  •  AFL-CIO  •  Americans for Financial Reform  •  Communications Workers of America  •  Economic Policy Institute  •  Institute on Taxation and Economic Policy  •  United Auto Workers June 28, 2019 The Honorable Charles Grassley Chairman, Committee on Finance U.S. Senate Washington, D.C. 20510 The Honorable Ron Wyden Ranking Member, Committee on […]

Americans for Tax Fairness  •  AFL-CIO  •  Americans for Financial Reform  •  Communications Workers of America  •  Economic Policy Institute  •  Institute on Taxation and Economic Policy  •  United Auto Workers June 28, 2019 The Honorable Richard E. Neal Chairman, House Committee on Ways & Means U.S. House of Representatives Washington, D.C. 20515 The Honorable […]

NEW Campaign Highlights Five Major Corporations Collaborating with ICE & DHS that Saved $19 Billion Annually in Taxes Thanks to Trump’s Tax Law Today, following increasingly violent and lawless immigration enforcement raids by the Trump Administration’s DHS, Americans for Tax Fairness launches ICE’s Corporate Collaborators: Exposed, a project revealing huge tax savings for giant corporations […]

Big Stores & Their CEOs Are Paying Much Less Thanks to Trump Tax Law Big retailers and their top bosses are enjoying their own big discounts this holiday shopping season and all through the year thanks to the 2017 Trump-GOP tax law, according to a new study by Americans for Tax Fairness (ATF). In the […]

Unlike Thanksgiving flyers–who wait in endless lines for cancelled flights or are stuffed into overcrowded planes–airlines and their top executives have every reason to be thankful this holiday season. The nation’s five biggest airlines have collectively paid just a 7.5% federal income tax rate on $6.4 billion of profits made the first seven years after […]

Community Catalyst and Americans for Tax Fairness will host a national press call on Wednesday, Sept. 3 at 11:00 a.m. ET to reveal new findings showing how seven major health care corporations—including UnitedHealth, Elevance, Centene, and Humana—have dodged $34 billion in taxes since 2017 while simultaneously increasing care denials and cutting patient services. Key Findings […]

Read full report here. A Dirty Dozen of Big Corporations That Underpay Their Taxes, Overpay Their Executive & Shareholders, and Otherwise Harm The Public Good Much like billionaires and other super-rich individuals, massive corporations in the U.S. have spent years pushing for legislation to lower their taxes. In 2017, the Trump-GOP Tax law cut the corporate […]

Next Step in Major Corporate Tax Reform from Inflation Reduction Act The U.S. Department of the Treasury and Internal Revenue Service issued a Notice of Proposed Rulemaking today to implement the Inflation Reduction Act’s Corporate Alternative Minimum Tax (CAMT). Per the Treasury, the CAMT only applies to large corporations that average more than $1 billion […]