Tag: tax avoidance
After a year of reporting on the tax machinations of the ultrawealthy, ProPublica spotlights the top tax-avoidance techniques that provide massive benefits to billionaires.
Owners like Steve Ballmer can take the kinds of deductions on team assets — everything from media deals to player contracts — that industrialists take on factory equipment. That helps them pay lower tax rates than players and even stadium workers.
US corporations have trillions stashed in tax havens, being kept away from taxation and shareholders.
We the People of the United States, through our elected representatives in Congress, allow this.
Corporate data from numerous sources recently revealed state-by-state corporate tax avoidance. As a result, greed and corruption is hurting education and infrastructure across America.