Big U.S. corporations shift profits to foreign tax havens to cut their US taxes to zero. US loses about $100 billion annually from corporate tax games by Apple, Google, Coke, Nike, Caterpillar, others while.Billionaires enjoy a boom – $1 trillion in new wealth in 2020. Biden calls for corporate minimum tax to restore fairness, fight inequality..
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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