Washington – If you think our tax system is rigged in favor of U.S. multi-national corporations, Exhibit A is the laws passed by Congress that have let nearly 50 major American companies renounce their U.S. citizenship and merge with foreign companies in order to duck U.S. corporate income taxes. In the anodyne lingo of Wall […]
Washington – If you wonder what price we all pay for corporate money flooding political campaigns ($1.7 billion in 2014), see Exhibit A — the attempt by pharmaceutical giant Pfizer to exploit legal loopholes and renounce its U.S. citizenship to become an Irish company and to duck U.S. corporate income taxes. Pfizer made no secret […]
Hedrick Smith, who conceived this website and is its principal writer and architect, is a Pulitzer Prize-winning former New York Times reporter and Emmy award-winning documentary producer for PBS and PBS FRONTLINE. more »
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