The Cost of Keeping Companies in the United States – The New York Times

Brent Glover and Oliver Levin write in the New York Times: In a recent paper, we look at 60 inversions by United States public companies dating back two decades, to when policy makers started to discourage companies from leaving the United States by requiring stockholders to pay capital gains taxes on their shares at the…

The EpiPen, a Case Study in Dysfunction 

There have been a lot of headlines about the shocking 400% price increase for the vital EpiPen, which is essential for people with life-threatening allergies. An article by a doctor in the NY Times says: EpiPens are a perfect example of a health care nightmare. They’re also just a typical example of the dysfunction of…

Is This the End of the Rush to Inversions?

On Tuesday, drugmakers Pfizer and Allergan announced that the two companies terminated their $160 billion merger agreement. The deal would have moved US-based Pfizer’s headquarters to Ireland, where corporate tax rates are lower. New Treasury rules aimed at limiting corporate inversions were introduced just a day prior. https://w.graphiq.com/w/3kvOQlA8bQ1?data-uid=0aba9ffe5e&data-campaign=e4e609d4ea (chart courtesy of Graphiq) Alan Murray writes…

How U.S. companies are avoiding $695 billion in taxes – The Washington Post

U.S. companies stashed another $200 billion in profits overseas last year, escaping billions in taxes, and escalating a battle with Congress over the country’s complex tax code. The amount of unrepatriated foreign profits reached $2.4 trillion, according to Citizens for Tax Justice, allowing companies to avoid up to $695 billion in taxes. The total for foreign…

What Fires Anger in Grass Roots America?

What Fires Anger in Grass Roots America? January 28, 2016 Washington – If you want to see what fires the grass roots passion for Donald Trump and Bernie Sanders and the populist rebellion against the U.S corporate and political elite, take a look at the latest case of an American corporation’s gaming the system for handouts…