Tax Avoidance on The Rise
By Barry Ritholtz - November 3rd, 2011, 10:15AM
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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
November 3rd, 2011 at 10:53 am
[...] not close to pulling their weight. A recent report from the Greenlining Institute (which Barry Ritholtz publicized) makes several [...]
November 3rd, 2011 at 3:03 pm
How about “non-profits” and foundations….the epitomy of tax avoidance. How about those taxing religious entities?
Corporate tax avoidance, sanctioned by laxations of Congress, are but one facet of the problem.
November 3rd, 2011 at 6:29 pm
Pretending I was a corporation wouldn’t I being doing the same thing? If I was a publicly traded corp my board would demand it. Until Congress is willing to rewrite the tax code this is all a given. It’s akin to Buffett saying he should be paying more taxes. Ok. What I find interesting is, he doesn’t pay more in the interim. With all the heated rhetoric these days I don’t see any shouts for changing the tax code excepting the repub candidates. With them leading the charge it is a certainty that nothing will happen. Meanwhile GE hangs at the White House.
November 3rd, 2011 at 7:27 pm
but they want to cut their tax rates. that which they don’t pay any way. but they want to keep the loop holes.
November 3rd, 2011 at 10:06 pm
It’s outrageous that our largest corporations are not paying their fair share of taxes. This is an excellent piece that shows how it’s done.The question is who is going to fix it? How about eliminating the “check the box” option on tax forms described in the piece. That might short circuit these structures. This problem makes a case for a flat CORPORATE tax rate with no loopholes.
November 3rd, 2011 at 10:40 pm
My experience is that-roughly- of $3 a large Corporation may have as her initial tax liability only $1 is actually paid whereas $1 is paid to their own tax dept. and their many outside contract corporate tax outfits to avoid taxation . The third $ is saved. To boot, the two dollars paid out may well be passed on as cost of doing business to the buyer/user of the product: ultimately the Consumer or the Government (financed by taxes from Consumers and Corporations and borrowing)
I was surprised to see no mention of any of the Big Oil Co’s as tax avoiders/offenders, at least none made the top 10 list, nor the top 30 list in a recent study by the non-partisan think tank Citizens for Tax Justice:
http://finance.yahoo.com/news/Thirty-cos-paid-no-US-income-rc-649028769.html
November 4th, 2011 at 8:48 am
The 4 biggest tax loopholes http://bit.ly/tn1G1o