Colombia Erupts in Protest Again over Right-Wing Gov’t Tax Plans Even as “Solidarity Is Criminalized”

We go to Colombia for an update on anti-government protests in several cities on the country’s Independence Day, when right-wing President Iván Duque presented a new tax reform bill to Congress. The last tax proposal failed in April after it prompted a general strike and massive demonstrations that focused on deepening economic inequality and human …
Continue reading Colombia Erupts in Protest Again over Right-Wing Gov’t Tax Plans Even as “Solidarity Is Criminalized”

Trump Organization and Top Company Exec Charged with Tax Fraud. Is Donald Trump Next?

The Manhattan District Attorney’s Office has charged former President Donald Trump’s family business with operating a 15-year tax fraud scheme, accusing the Trump Organization of helping executives evade taxes by giving them compensation off the books. Allen Weisselberg, the company’s chief financial officer, who has worked with Trump for decades, was also charged with grand …
Continue reading Trump Organization and Top Company Exec Charged with Tax Fraud. Is Donald Trump Next?

Historic But Inadequate: Joseph Stiglitz on G7 Deal to Back a 15% Global Minimum Corporate Tax Rate

This is a rush transcript. Copy may not be in its final form. AMY GOODMAN: Finance ministers from seven of the world’s wealthiest nations have backed a plan to set a global minimum corporate tax rate of at least 15% on multinational companies. The agreement was reached during a meeting in Britain of the G7. …
Continue reading Historic But Inadequate: Joseph Stiglitz on G7 Deal to Back a 15% Global Minimum Corporate Tax Rate

“We Are a Plutocracy”: Jeffrey Sachs Slams Biden for Offering to Preserve Trump’s Corporate Tax Cuts

This year Democracy Now! is celebrating our 25th anniversary—that’s 25 years of bringing you fearless, independent reporting. Since our very first broadcast in 1996, Democracy Now! has refused to take government or corporate funding, because nothing is more important to us than our editorial independence. But that means we rely on you, our audience, for …
Continue reading “We Are a Plutocracy”: Jeffrey Sachs Slams Biden for Offering to Preserve Trump’s Corporate Tax Cuts

Amazon paid zero corporation tax in Europe last year as income soared

Amazon did not have to pay any corporation tax in Europe last year despite record sales income of €44bn. Amazon sells products to households in the UK and many European countries through Amazon EU Sarl. Despite the record amount made, there was a €1.2bn loss at Amazon’s Luxembourg unit, which meant it paid no tax. …
Continue reading Amazon paid zero corporation tax in Europe last year as income soared

Poor people don’t have to pay for the pandemic. A one-off ‘wealth tax’ would raise £260bn.

A one-off “wealth tax” should be implemented in preference to increasing general taxes on work or spending, a report has recommended. This should happen if the government decides to raise taxes as part of its response to the coronavirus (Covid-19) crisis, the Wealth Tax Commission, a body made up of academics, policymakers, and tax practitioners said. …
Continue reading Poor people don’t have to pay for the pandemic. A one-off ‘wealth tax’ would raise £260bn.

As shareholders receive a bumper payday, supermarket giants to net almost £2bn in tax breaks

The UK’s largest supermarket chains are set to benefit from almost £2bn in business rate tax breaks this year despite sales soaring during the pandemic, according to new analysis. It comes after Sainsbury’s and Tesco both paid millions to shareholders in dividend payouts despite accepting state support in the form of business rates relief for …
Continue reading As shareholders receive a bumper payday, supermarket giants to net almost £2bn in tax breaks

Trump’s tax returns reveal what we knew long ago. He’s a tax cheat who’s not even good at business.

The New York Times recently released an extensive investigation into president Donald Trump’s tax returns. The report shows what has long been apparent to even the most casual observer of US politics – that Trump is a serial tax dodger and also a lousy businessman who has lost billions. But there is something even worse going …
Continue reading Trump’s tax returns reveal what we knew long ago. He’s a tax cheat who’s not even good at business.

A Criminal Tax Cheat? Bombshell NYT Report Shows Trump Paid No Federal Income Tax for 10 of 15 Years

This is a rush transcript. Copy may not be in its final form. AMY GOODMAN: We begin today’s show looking at the bombshell report in The New York Times that reveals Donald Trump paid no federal income taxes in 10 of the last 15 years, and he paid just $750 in federal income taxes in …
Continue reading A Criminal Tax Cheat? Bombshell NYT Report Shows Trump Paid No Federal Income Tax for 10 of 15 Years