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Taxation

G7 Promotes Tax Deal for the 1%—Not the 99%

Despite the recent G7 agreement on corporate taxation, global leadership requires going beyond national interests to ensure that all countries have sufficient resources to develop healthier post-pandemic economies. This will require addressing the developing world’s demands in a way that is not only historic, but also fair.
José Antonio Ocampo ·


Six US Tech Giants Paid Almost $100 Billion Less in Taxes From 2011 to 2020 Than Reported: Analysis

"Substantive tax avoidance is still embedded within many large multinationals and nothing less than a root-and-branch reform of international tax rules will remedy the situation," said one critic.

Kenny Stancil, staff writer ·


Ending Poverty in the Richest Country on Earth

Let's be clear: poverty exists because we allow it to exist.

Barbara Lee ·


Warren Bill Would Nearly Triple IRS Budget to 'Go After Wealthy Tax Cheats'

"For too long, the wealthiest Americans and big corporations have been able to use lawyers, accountants, and lobbyists to avoid paying their fair share."

Jake Johnson, staff writer ·


A Third Reconstruction Is Pragmatically Achievable and Could End American Poverty

The Third Reconstruction should aim to end—once and for all—the oligarchy of rich Whites by creating an America in which all are equal at the voting booth, the school, the clinic and the workplace.

Jeffrey D. Sachs ·


Democrats 'Must Be Trying to Lose': Progressives Fume After Report Says Biden Budget Excludes Key Promises

"If the aim is to avoid a midterm massacre, why would you do this?" asked one political critic.

Kenny Stancil, staff writer ·


Plutocrats Cry Over Taxes While the People Cheer

There is broad and deep public majorities—even among Republicans—supporting Biden's infrastructure plan and an increase in corporate taxes to pay for it.

Jim Hightower ·


Plutocrats Cry Over Taxes While the People Cheer

There is broad and deep public majorities—even among Republicans—supporting Biden's infrastructure plan and an increase in corporate taxes to pay for it.

Jim Hightower ·


The Tax Loophole You've Probably Never Heard of Is Making the Rich Even Richer

Unless the stepped-up basis loophole is closed, we will soon have a large class of hugely rich people who have never worked a day in their lives.

Robert Reich ·


The Real Purpose of Austerity

Even if everyone agreed that printing another trillion dollars to finance a basic income for the poor would boost neither inflation nor interest rates, the rich and powerful would still oppose it. After all, their most important interest is not to conserve economic potential, but to preserve the power of the few to compel the many.

Yanis Varoufakis ·