With an increasing number of Americans feeling disconnected from the political process, it is heartening to hear stories in which public opinion and political watchdog groups have a marked impact on political discourse. According to Joshua Holland, a reporter for BillMoyers.com, that is precisely what is going on regarding the so-called tax extenders. The tax […]
An Internal Revenue Service lawyer in the Office of Chief Counsel in New York is claiming that the organization’s officials are giving away billions via tax evasion to corporations and the undermining of whistleblowers. In a letter sent to U.S. Department of the Treasury Secretary Jacob Lew and copied to Sens. Chuck Grassley, Elizabeth Warren, […]
The issue of corporate taxation has taken center stage in many policy-makers’ minds across the world, yet difficulties in agreeing on a solution seem to have resulted in an effective “paralysis.” According to PwC and OECD data cited by The Economist, the global average corporate income tax as a share of profits is continuing to […]
What do AbbVie and Shire; Walgreens and Alliance Boots GmbH; Pfizer and AstraZeneca; Medtronics and Covidien Plc; Perrigo and Elan;, Actavis and Warner-Chilcott have in common? They are companies undertaking corporate inversion transactions whereby the U.S. company seeks to save taxes by removing its worldwide operations from the U.S. tax system. An inversion is the […]
