Posted in Corporate Taxes Restart 2021 Wealth Tax

As ‘unhinged’ Sinema blocks corporate rate hike, demand grows for billionaire tax

“It seems truly unhinged to look at a country full of working people struggling to get by… and decide that it’s more important to preserve low tax rates for billionaires and corporations than it is to…

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Posted in Analysis Politics Restart 2021

‘Carrying water for big corporations’: Sinema faces backlash for opposing tax hikes

“Make no mistake, if she sides with her wealthy donors and kills popular investments to jump-start the economy, everyday families—including across Arizona—will pay the price.” by Jake Johnson, Common Dreams September 26, 2021 Sen. Kyrsten Sinema…

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Lisa Larson-Walker/ProPublica. Photos: Elon Musk (Tristar Media/Getty Images), Jeff Bezos (Mandel Ngan/AFP via Getty Images), Michael Bloomberg (Joshua Lott/AFP via Getty Images), Warren Buffett (Taylor Hill/FilmMagic/Getty Images)
Posted in Analysis Pro Publica Taxes Wealth

The Secret IRS files: Trove of never-before-seen records reveal how the wealthiest avoid income tax

ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing. by Jesse…

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G7 Countries Reach Deal on 15% Global Minimum Tax Rate for Multinational Corporations
Posted in Corporate Taxes Economy News world

G7 countries reach deal on 15% global minimum tax rate for multinational corporations

One critic of the agreement said that “by settling for anything less than a 25% tax rate, the G7 is telling their citizens and the world that they’re willing to keep the race to the bottom…

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