A new analysis released Tuesday estimates that an annual wealth tax targeting the world’s millionaires and billionaires would raise enough revenue to lift 2.3 billion … Tax on Global Mega-Rich Could Help Lift 2.3 Billion Out of PovertyRead more
Tax
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How Fortune 500 Companies Avoid Paying Income Tax
The U.S. corporate tax rate was cut from 35% to 21%, thanks to the Tax Cuts and Jobs Act (TCJA).1 The U.S. tax rate is … How Fortune 500 Companies Avoid Paying Income TaxRead more
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Almost $500bn ‘lost to tax abuse by firms and super-rich in 2021’
Countries are losing almost half a trillion dollars through tax abuse by multinationals and the super-rich, enough to fully vaccinate the global population against Covid-19 … Almost $500bn ‘lost to tax abuse by firms and super-rich in 2021’Read more
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Under Modi, Tax Burden has Shifted from Corporates to People
It was once famously said that the executive (government) is nothing but a committee to manage the affairs of the ruling class in any society. … Under Modi, Tax Burden has Shifted from Corporates to PeopleRead more
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Pandora Papers Massive Leak
I think the big picture finding is that this — we hav uncovered a system that benefits the few at the expense of the many. … Pandora Papers Massive LeakRead more
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Top 1% Dodge $163 Billion in Taxes Each Year
A Treasury Department report released Wednesday estimates that the richest 1% of Americans are responsible for more than $160 billion in unpaid taxes per year, … Top 1% Dodge $163 Billion in Taxes Each YearRead more
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Amazon Gets $3 Billion in NY Tax Breaks
[youtube https://www.youtube.com/watch?v=KlECXGQfVyY&rel=0&feature=relmfu] Richard Wolff
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GST Has Increased India’s Reliance on Indirect Taxes, Hurting the Poor
As India celebrates four years of the Goods and Services Tax (GST), it has emerged that its implementation has widened existing economic inequalities in the … GST Has Increased India’s Reliance on Indirect Taxes, Hurting the PoorRead more
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Exxon lobbyists caught
In what can only be described as both shocking and unsurprising at the same time, yesterday Greenpeace’s investigative journalism outfit, Unearthed, released video of two … Exxon lobbyists caughtRead more
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GST: Failure over Four Years
[youtube https://www.youtube.com/watch?v=QQHnfbMCM70&rel=0&feature=relmfu] 1. promise – with gst 2% gdp increase. 2015-16 – 8% 16-17 – 8.26 17-18 – gst started – 6.8 18-19 – 6.53 … GST: Failure over Four YearsRead more