Tax havens in past times were sleepy Caribbean backwaters. But now the US, led by investor-friendly financial secrecy laws in states like South Dakota and Delaware, has emerged as a global center for hiding illicit wealth.
Money Over People
Donald Trump’s former campaign chairman and former lawyer worked with, between them, a deposed authoritarian president, a bevy of oligarchs, Russia-oriented politicians and alleged Russian spies.
More than 163 journalists from 48 media outlets in 39 countries across the world spent months analyzing bank account information leaked from Credit Suisse, Switzerland’s second-largest lender.
Prices are going up everywhere. Corporations say it is "inflation" and want smaller government and lower taxes as "solutions." The reality is very different.
World governments are spending $1.8 trillion annually on corporate welfare to support fossil fuel emissions, deforestation, water pollution and other harms to the planet.
Once again the pharma industry has proven that it regulates Congress, not the other way around. How long will America allow rampant drug price gouging?
Amazon saved a ton of money on taxes in 2021 using perfectly legal—thanks to Congressionally provided loopholes—maneuvers to bring their tab down from $7.3 billion which would be the statutory rate.
The staggering sums being paid by Americans for healthcare are so far out of whack from literally all other modern countries as to be laughable—or would be if they wasn’t so sick.
On average, COVID is killing an estimated 2,600 people every day in the U.S., a staggering figure that experts fear is becoming “normalized” among the country’s political establishment and population.
There is something profoundly wrong in America when pharma companies can raise the price of generic drugs by 500 percent or more.
From the "not much of a surprise" department, analysis finds that America's 661 billionaires pumped $1,200,000,000 into the 2020 elections.
The study of Fascist Economic History will alert people to the path the current decrepit, corrupt and degraded Republican Party has chosen. This might be one of the reasons Republicans seem to hate history education so much.
According to ProPublica’s analysis of a secret trove of tax data, from 2005 to 2018, Phyllis Taylor took in some $444 million in income, most of it from wages, interest, dividends and capital gains, and didn’t pay a cent in federal income tax.
Donald Trump and other ultrarich Americans have made billions, but they’ve also managed to repeatedly dodge paying any federal income tax by claiming huge losses on their businesses.
Corporate boards have one job and one job only: make money for their shareholders. Thus raising the prices we pay for their goods and services is where "inflation" actually starts even though it is a lazy way of increasing returns.
IRS records reveal how Gov. Jim Justice, Gov. Jared Polis, former Education Secretary Betsy DeVos and other wealthy political figures avoid taxes using strategies unavailable to most of their constituents.
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