G.E.’s Strategies Let It Avoid Taxes Altogether. 'General Electric, the nation’s largest corporation, had a very good year in 2010. The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States. Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.' [more inside]
Right Wing astroturfing A non-scientific analysis of the patterns in forum board discussions on a variety of topics. The gist: discussions of issues in which there's money at stake (like climate change, public health and corporate tax avoidance) are often characterised by amazing levels of abuse and disruption by rightwing libertarians who are pro-corporate, anti-tax, anti-regulation. Discussions of issues in which there's little money at stake tend to be a lot more civilised than debates about issues where companies stand to lose or gain billions.
some strong words about "corporate chickens" thoughts about giving government contracts to companies that have bolted offshore to tax havens - and who might have slipped this defeat of the wellstone amendment into the "homeland security bill"?
How Corporations Operate Tax Free Senator Byron Dorgan on corporations getting away with billions of dollars of taxpayer money. One of the reasons: they negotiate their taxes behind closed doors with the IRS. Wouldn’t you like that access?