In the largest audit in U.S. history, the IRS rejected Microsoft’s attempts to channel profits to a small factory in Puerto Rico that burned Windows software onto CDs.
ConocoPhillips, Chevron, and other oil companies are paying negative taxes on huge profits. Sheldon Whitehouse, Ro Khanna, and other Democrats in Congress propose a windfall tax to change that.
FedEx and Nike are among those found to have avoided U.S. tax liability for three straight years.
Thigpenn says the path forward means reversing public spending priorities that direct resources away from low-income communities — priorities that create tax structure that makes low-income communities in California scramble to fund schools.
The Proposition 15 ballot measure aims to hike commercial tax rates and potentially raise billions to support funding for schools and other public infrastructure.
Police foundations across the country are partnering with corporations to raise money to supplement police budgets by funding programs and purchasing tech and weaponry for law enforcement with little public oversight.
If Uber and Lyft had treated workers as employees, the two TNCs would have paid $413 million into the state’s Unemployment Insurance Fund between 2014 and 2019.
Among the tech companies studied, Amazon "stands out as the business with the poorest tax conduct," according to the U.K.-based Fair Tax Mark.
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