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June 11th, 2012
Corporate America, in part through the now-dissolved WIN America Campaign, has spent a good portion of the last few years lobbying for a tax holiday. They would like Congress to allow them to repatriate deferred tax dollars that are sitting offshore and pay a very low tax rate, instead of the 35% that they owe. U.S. companies are allowed to wait to pay taxes on "foreign" income until they bring the money back into the United States. I put the word foreign in quotes because we know that "foreign" income is often just the result of abusive transfer pricing,...
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May 29th, 2012
Attiyah Waris, Tax Law Professor at Nairobi University, argues that tax evasion strategies used by African multinational corporations drain the continent of revenues that would more than sufficiently finance the African continent. Foreign Aid would be rendered unnecessary if Africa were to receive tax revenues that are rightfully theirs. The video demonstrates a good
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May 29th, 2012
Republican presidential candidate, Mitt Romney, is unwilling to disclose his tax returns to the public but maintains that he has paid taxes on all incomes. His company, Bain Capital, established off-shore accounts which attract more business from those attempting to avoid U.S. taxes. The Romney campaign maintains that they may someday release his tax
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April 19th, 2012
Oliver Wendell Holmes, Jr. once famously wrote that "taxes are the price we pay for a civilized society"—a notion implicitly acknowledged by each of us when we file our tax returns with the IRS every April. Yet civilized society, at home and abroad, is precariously at risk today unless we do something to stem the rampant tax dodging facilitated by tax havens.
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