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NationofChange What’s driving the tax games corporations play? To make sure corporations pay their fair tax share, we need to make sure individuals are paying theirs. Image Credit: Andrew Roberts How do we make sure America’s corporations pay their fair share of the nation’s taxes? We cut away, team Biden is now proposing, at the thicket of tax loopholes that Corporate America is now so shamelessly exploiting. U.S. corporations — the world’s most profitable — are currently paying just 7.8 percent of their profits in federal income taxes. The United...

Joe Manchin's Tax Block Could Protect the Private Equity Donors Who've Bankrolled Him By David Sirota and Andrew Perez On 4/7/21 at 2:36 PM EDT Sen. Joe Manchin, D-WV, at the US Capitol in Washington DC, on February 24, 2021. LEIGH VOGEL / POOL / AFP/Getty Images Democratic Sen. Joe Manchin says President Biden's legislation to fund infrastructure investments will go nowhere as long as it acts to fund the investments by raising the corporate tax rate to 28 percent. Derailing the tax hike would be a lucrative gift to both corporate CEOs in general, and to private equity giants whose execut...

Reprinted with permission from A new study shows that the top five executives of major corporations pocketed 15 to 19 cents of every dollar their companies gained from two recent tax cuts. The paper, by Eric Ohrn at Grinnell College, should be a really big deal. The basic point is CEOs and other top executives rip off their companies. The officers are not worth the $20 million or more that many of them pocket each year. This is not a moral judgment about their value to society. It is a simple dollars-and-cents calculation about how much money they produce for shareholders. The piece suggests ...