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Tag Archives: overseas profits
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 – Riding a tide of tax cuts and rising profits over four decades, the captains of Corporate America have shifted $1 trillion each year from the paychecks of middle class Americans into massive payoffs to Wall Street investors and CEO pay packages. And now they want you to believe, once again, that cutting corporate […]
Washington – With his cabinet of billionaires and trickle-down CEOs, President-elect Donald Trump has set the stage for the second “Revolt of the Bosses,” ignoring that the first “Revolt of the Bosses” starting in the late 1970s fueled the gaping inequalities of income and wealth that now plague America and that infuriated Trump’s working class […]