The CLEAR (Coalition for Labor Engagement and Accountable Revenues) Coalition highlights corporate loopholes which allows multi-state corporations to shift their earnings to a tax-haven state like Delaware. 70 percent of corporations in Pennsylvania do not pay income taxes. Because of this, the state loses an estimated $400 million to $1 billion while essential community services are being drastically cut in the state budget.
Ah tax day, April 15th is one of the most agonizing days of the year for most Americans. But many multi-billion-dollar companies aren't stressing – they're finding legal loopholes to avoid paying taxes. Here are just four corporations that haven’t paid their fair share to Uncle Sam. Help AJ+ win a Webby: http://pv.webbyawards.com/2015/online-film-video/video-channels-and-networks/news-information-channel Voting ends Thursday, April 23 at 11:59pm PST and you can only vote once. Subscribe for more videos: http://www.youtube.com/channel/UCV3Nm3T-XAgVhKH9jT0ViRg?sub_confirmation=1 Like us on Facebook: https://www.facebook.com/ajplusenglish Download the AJ+ app at http://www.ajplus.net/ Follow us on Twitter: https://twitter.com/ajplus
In this 1968 interview, Milton Friedman explained the negative income tax, a proposal that at minimum would save taxpayers the 72 percent of our current welfare budget spent on administration. http://www.LibertyPen.com Source: Firing Line with William F Buckley Jr. Buy It : http://www.amazon.com/Firing-Line-William-Buckley-Jr/dp/B004SQFQL0/ref=sr_1_2?ie=UTF8&qid=1336999966&sr=8-2
Produced by the Tax Foundation in Washington, D.C. Script: Whether you know it or not, there's a tax barrier to bringing money into the U.S. It sounds strange, I know, but here's how it works. Say you're a U.S. company, and you open up an office overseas to serve British customers. Any money you make in Great Britain is taxed at Great Britain's tax rate, in this case, 25%. And as long as you leave that money in Great Britain, you won't have to pay any more taxes on it. But say you want to bring that money back into the United States. Well, before you can bring that money back to invest in the U.S., you have to pay the difference between England's tax rate and the U.S. tax rate, and since the U.S. has the second-highest corporate tax rate in the world, no matter where you're bringing the money from, you're likely to have to pay an extra tax to bring it home to the U.S. In this case, you'd have to pay the difference between England's tax rate of 25% and the U.S. tax rate of 35%. It's almost like paying a toll to bring money to the U.S. And that discourages investment in America, year after year. That's money that should be in America -- there shouldn't be a penalty for bringing it home. So, what can we do? Well, in addition to reducing our 35% tax rate, the answer may lie in what almost every other developed country has already done. It's called a territorial tax system. In a territorial system, companies only pay taxes on the profits earned here in America. Profits earned in markets outside the United States can be brought home and invested here year after year, without that added penalty. If you want to bring that money back for jobs, expansion, research, development, whatever -- you don't have to pay any additional tax. And that's not all. Right now, U.S. companies are at a disadvantage when they compete for business abroad. Since their international competitors don't have to pay a toll to move their money back home, the U.S. companies have higher costs in everything they do. But switching to a territorial tax system would create a level playing field, letting us win more business around the world. And that's good for our workers here at home. And the increased money invested in the U.S. helps create American jobs and helps grow American businesses. Just a couple ways switching to a territorial tax system can help the American economy. For more information, visit tax foundation dot org.
Mike Swanson interviews Dave Skarica of addictedtoprofits.net about how he pays no income tax.
Secretary of State Hillary Clinton recently said that "the rich are not paying their fair share" of taxes in the United States and other developed countries. Is she right? It depends on what you consider fair. Using 2006 data, The New York Times found that the richest 20 percent of households were paying 26 percent of their income to the federal government in the form of income, payroll, corporate, and excise taxes. The average for all familes? 21 percent. And there's this: "In 2006, the top quintile of households earned 55.7 percent of pretax income and paid 69.3 percent of federal taxes, while the top 1 percent of households earned 18.8 percent of income and paid 28.3 percent of taxes." Paying in a lot more than you get out? That doesn't seem fair. The rich are different than you and me; they've got more money. And they pay more taxes. Politicians are different too--they rarely say what they really mean. Perhaps what Secretary Clinton means is that the rich can always pay more than they're already paying. That would explain why she and the president are lobbying to let the Bush tax cuts expire at the end of the year, a policy that would raise all sorts of taxes on all sorts of people. Which doesn't sound all that fair either. Produced by Meredith Bragg and Nick Gillespie. Go to http://reason.com/blog/2010/05/28/hillary-clinton-the-rich-are-d for documentation and graphs.
How a corporation can set up a tax haven and use it through transfer pricing. Created by Sal Khan. Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/taxes-topic/corporate-taxation/v/is-limited-liability-or-double-taxation-fair?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: In exchange for being treated as a person-like-legal entity (and the limited liability this gives for its owners), most corporations pay taxes. This tutorial focuses on what corporations are, "double taxation" and a few ways that multinationals might try to get out of paying taxes. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Pundit Alex Jones decided to make a shirtless rant in which he compared his show to The Young Turks. Cenk Uygur and Ana Kasparian show the actual numbers and give you the facts. Turns out Alex should have spent a moment putting a shirt on and checking his numbers. Check out Alex's YouTube numbers: http://vidstatsx.com/TheAlexJonesChannel/youtube-channel Check out Alex's Alexa numbers: http://www.alexa.com/siteinfo/infowars.com Check out Our YouTube numbers: http://vidstatsx.com/TheYoungTurks/youtube-channel http://www.facebook.com/theyoungturks
Can The Government Classify Your Memories? http://testu.be/1K15sLL » Subscribe to NowThis World: http://go.nowth.is/World_Subscribe The CIA released a report on its failures prior to 9/11, yet parts of the report still remain classified. So, what is the government hiding? Learn More: Office Of Inspector General Report on Central Intelligence Agency Accountability Regarding Findings And Conclusions Of The Report Of The Joint Inquiry Into Intelligence Community Activities Before And After The Terrorist Attacks On September 11, 2001 http://www.foia.cia.gov/sites/default/files/DOC_0006184107.pdf "The Senate Select Committee on Intelligence and the House Permanent Select Committee on Intelligence requested that the CIA's Office of Inspector General (IOG) review the findings of their Joint Inquiry Report..." Security Clearance Frequently Asked Questions https://www.clearancejobs.com/security_clearance_faq.pdf "A security clearance is a determination by the United States Government that a person or company is eligible for access to classified information." 5.1 million Americans have security clearances. That's more than the entire population of Norway http://www.washingtonpost.com/blogs/the-switch/wp/2014/03/24/5-1-million-americans-have-security-clearances-thats-more-than-the-entire-population-of-norway/ "Critics of the country's national security apparatus say Washington is addicted to secrecy." Report to the President https://nsarchive.files.wordpress.com/2010/04/2009-annual-report.pdf "Executive Order (E.O.) 12958, as amended, 'Classified National Security Information,' and E.O. 12829, as amended, 'National Industrial Security Program.'" Watch More: What Really Happens To Whistleblowers? https://www.youtube.com/watch?v=ubDIOq-A5tI&list=UUgRvm1yLFoaQKhmaTqXk9SA _________________________ NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today. More from NowThis: » Subscribe to NowThis News: http://go.nowth.is/News_Subscribe » Like NowThis World on Facebook: https://go.nowth.is/World_Facebook » Connect with Judah: Follow @judah_robinson on Twitter – Facebook: http://go.nowth.is/LikeJudah » Connect with Versha: Follow @versharma on Twitter – Facebook: http://go.nowth.is/LikeVersha http://www.youtube.com/nowthisworld Special thanks to Julia Wilde for hosting TestTube! Check Julia on Twitter: https://twitter.com/Julia_SCI
How Much Is Yours Worth? Garko finds out that a military industrial complex company owns his birth certificate which is worth $1000000 by calling a stock broker and giving the digits that are in the bottom right of the B.C. Garko finds out that a military industrial complex company owns his birth certificate which is worth $1000000 by calling a stock broker and giving the digits that are in the bottom right of the certificate in red. We are owned property folks! There's proof! Thanks to http://www.youtube.com/user/Kits2Shoes for the video