A record 54 companies in the Standard & Poors 500 Index of leading U.S. firms are now at least partially exempt from the corporate income tax. Thats more than twice the number four years ago.
President Barack Obama says U.S. corporations that adopt foreign addresses to avoid taxes are unpatriotic. His own administration helped one $20 billion American company do just that.
Ten years ago, Congress passed a law intended to penalize CEOS whose companies shift their legal addresses to tax havens. It hasnt worked out as planned.
DebugScreen: mobile
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"articles": [
{
"uri": "/2019/12/06/sec-chairman-cites-fishy-letters-in-support-of-policy-change-412-90845/",
"title": "SEC chairman cites fishy letters in support of policy change",
"byline": "Zachary R. Mider & Benjamin Elgin",
"kicker": "News",
"prettyDate": "December 06, 2019",
"timeToRead": "9 minute",
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"uri": "https://images.benefitspro.com/contrib/content/uploads/sites/412/2019/11/SEC-Clayton-Jay-2019-034-radzinschi.jpg",
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"summary": "Some \"ordinary Americans\" whose correspondence Clayton referenced said they did not write the letters, or were even unaware of the letters' existence.",
"body": null
},
{
"uri": "/2015/04/14/how-10-of-sp-companies-dodge-taxes/",
"title": "How 10% of S&P companies dodge taxes",
"byline": "Zachary R. Mider",
"kicker": "",
"prettyDate": "April 14, 2015",
"timeToRead": "6 minute",
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"authors": [
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"summary": "A record 54 companies in the Standard & Poors 500 Index of leading U.S. firms are now at least partially exempt from the corporate income tax. Thats more than twice the number four years ago.",
"body": null
},
{
"uri": "/2014/08/07/tax-inversion-critic-obama-helped-delphi-with-one/",
"title": "Tax inversion critic Obama helped Delphi with one",
"byline": "Zachary R. Mider",
"kicker": "",
"prettyDate": "August 07, 2014",
"timeToRead": "14 minute",
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"authors": [
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"summary": "President Barack Obama says U.S. corporations that adopt foreign addresses to avoid taxes are unpatriotic. His own administration helped one $20 billion American company do just that.",
"body": null
},
{
"uri": "/2014/07/17/democrats-target-corporate-inversions/",
"title": "Democrats target corporate inversions",
"byline": "Richard Rubin, Derek Wallbank, Drew Armstrong, Zachary R. Mider",
"kicker": "",
"prettyDate": "July 17, 2014",
"timeToRead": "10 minute",
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"authors": [
{
"webUrl": "/author/profile/richard-rubin-derek-wallbank-drew-armstrong-zachary-r-mider/",
"name": "Richard Rubin, Derek Wallbank, Drew Armstrong, Zachary R. Mider"
}
],
"kickerNode": [],
"summary": "Washington is buzzing this summer about inversions, and the chatter has nothing to do with the weather.",
"body": null
},
{
"uri": "/2014/01/27/companies-fleeing-irs-pay-ceos-extra-as-penalty-ba/",
"title": "Companies fleeing IRS pay CEOs extra as penalty backfires",
"byline": "Zachary R. Mider",
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"prettyDate": "January 27, 2014",
"timeToRead": "12 minute",
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"authors": [
{
"webUrl": "/author/profile/zachary-r-mider/",
"name": "Zachary R. Mider"
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],
"kickerNode": [],
"summary": "Ten years ago, Congress passed a law intended to penalize CEOS whose companies shift their legal addresses to tax havens. It hasnt worked out as planned.",
"body": null
}
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