How FedEx Cut Its Tax Bill to $0 – The New York Times

In the 2017 fiscal year, FedEx owed more than $1.5 billion in taxes. The next year, it owed nothing. What changed was the Trump administration’s tax cut — for which the company had lobbied hard. The public face of its lobbying effort, which included a tax proposal of its own, was FedEx’s founder and chief…

GOP Lobbyists Helping U.S. Companies Exploit the Amazon

The Intercept has an excellent expose of the role of US lobbyists in promoting the catastrophic destruction of the Amazonian rainforest. This summer, fires are being used to clear wide swaths of the Amazon at an unprecedented rate. One-fifth of the Amazon has already been destroyed in the past 50 years; further industrialization of the rainforest risks destroying…

Abortion Likely to Spark Shareholder Activism

The recent adoption of unprecedented restrictions on abortions in states including Georgia, Louisiana, Missouri, and Alabama is a legal and political controversy that is likely to become a corporate governance controversy as well.  Judd Legum at Popular Information dug through the disclosure of corporate political contributions and revealed that these corporations supported politicians who sponsored…

These Six Corporations Are Supporting the Controversial New Abortion Bans

Investigative reporter Judd Legum of Popular Info has identified six major corporations who are supporting the state legislators behind the controversial new abortion bans: Coca-Cola, Eli Lilly, Aetna, ATT, Walmart, and Pfizer. He explains in the Twitter thread the laborious process of getting the information, the exact dollar amount of each contribution to each legislator…

Shareholder Proposal Calls on Exxon to Disclose Lobbying Expenses and Policies

To ExxonMobil Shareholders: The United Steelworkers International Union (USW) urges shareholders to vote FOR Item 10, Report on Lobbying at the ExxonMobil Shareholder Meeting on May 29, 2019. The proposal, Item 10, calls on ExxonMobil to prepare a report, to be updated annually, disclosing: 1) ExxonMobil’s policies and procedures governing lobbying, both direct and indirect,…

You elected them to write new laws. They’re letting corporations do it instead. – Center for Public Integrity

A two-year investigation by USA TODAY, The Arizona Republic and the Center for Public Integrity reveals for the first time the extent to which special interests have infiltrated state legislatures using model legislation.USA TODAY and the Republic found at least 10,000 bills almost entirely copied from model legislation were introduced nationwide in the past eight years, and…

‘Corporations Are People’ Is Built on a 19th-Century Lie – The Atlantic

Somewhat unintuitively, American corporations today enjoy many of the same rights as American citizens. Both, for instance, are entitled to the freedom of speech and the freedom of religion. How exactly did corporations come to be understood as “people” bestowed with the most fundamental constitutional rights? The answer can be found in a bizarre—even farcical—series…