Big American corporations are reaping billions in tax savings from tax havens. But don't blame the tax havens: blame the US tax code for being too weak to stop this.
Our latest @factcoalition.bsky.social analysis of newly-required corporate tax disclosures:
thefactcoalition.org/major-americ...
💯As someone who was on the receiving end of some obnoxious questioning by Senator Kennedy - yes, I wish I had been so brave.
And as an American immigrant, I am inspired & encouraged to see a strong voice of reason speaking truth to power in America today.
Thank you @davidjbier.bsky.social 🙏
This is from the official US government website: g20.org/g20-united-s...
Here's a laugh:
US government chairs G20 this year and one of its top priorities is "unlocking affordable and secure energy supply chains"
...by bombing the part of the world that controls much of those supply chains? While also doing everything to kill off alternative energy supply?
Catch ODI Global's webinar next week to see what's the latest on the ongoing negotiations for protocol 1 (cross-border services taxation) under the #UNTaxConvention. ICTD's Frederik Heitmüller will join the panel of experts.
📅 March 17 | 14:00-15:30 GMT
👉 Register: https://ow.ly/x65j50Yq7EG
Ticketmaster is an exploitative monopoly. The Trump administration just caved to them. And they pay no taxes.
Looking forward to next week's EU Tax Symposium co-organised by @europarl.europa.eu & @ec.europa.eu #TaxMix2050
I'll be speaking on a panel about the future of the global minimum tax and "side-by-side" approach.
Join us in Brussels or online for this timely and critical discussion.
No it is not. Companies get to keep the extra windfall under Trump, as opposed to paying tax to the government.
Happy International Women's Day!
IRS criminal referrals on big corporations and ultrawealthy individuals plummeted during Trump’s first year
The IRS office the audits billionaires and large corporations referred *at most* two cases to criminal investigators in fiscal year 2025.
www.icij.org/news/2026/03... @icij.org
Just how much have Trump's tax cuts benefited huge corporations?
Our Senior Fellow Matt Gardner says it's entirely possible that for 2025, S&P 500 corporations "will overall be paying something less than 10% of their income in corporate taxes."
www.marketplace.org/story/2026/0...
New by me: Unless the Iranian regime's illicit financial networks are dismantled, its capacity for terror, repression, and corruption will survive defeat on the battlefield.
The regime must not only be decapitated but defunded.
www.washingtonexaminer.com/opinion/4479...
"If corporate income tax collection had kept up with 1960's levels, companies would be paying $620 billion more in taxes. In my latest I ask: what did we get in return? Not wages, not benefits, but record profits and a growing public disgust with companies."
Read more: https://bit.ly/3PifT78
A new report from @americanprogress.bsky.social reveals that the US subsidizes fossil fuels more than renewable energy sources. “Policymakers must stop forcing Americans to pick up the tab for dirty fossil fuel production that is harming Americans’ health and environment.”
Estimates from UK and Netherlands suggest global revenues from the global minimum tax will be around 30% lower under the "side-by-side" agreement (US carve-out).
This is line with @taxobservatory.bsky.social modelling from 2024 of the temporary UTPR exemption, so seems a credible magnitude.
Something more frightening than Iranian drones: paying taxes?
Trump’s illegal war with Iran has already taken a devastating human toll. It could also mean higher energy bills worldwide, while fossil fuel companies, traders, and investors get rich. Read our deep dive: oilchange.org/blogs/trumps...
Fossil fuel stocks are exploding in response to the war on Iran.
Who stands to benefit? The richest of the rich.
Who stands to lose? All of us who have to pay higher prices for energy and a new round of sellers' inflation.
"You can just do things, sure, right until the game is up, and then you can’t."
@patblanchfield.bsky.social in @nplusonemag.com on the war in the Middle East, also applicable to what the US is doing on other crises and emergencies of our time: climate, debt, inequality, AI
Yeah that is the big difference from last time! Everyone calling this déjà vu is missing it.
Elizabeth Warren
True regime change starts at home.™️
Yes! I made this exact point when I spoke to wapo yesterday.
Lukas Shankar-Ross @foeus.bsky.social is right: absurd to call gas tankers "motorboats."
Yet another crack in the rule of law on tax:
A major gas exporter just got a massive tax refund, claiming a tax credit meant for alternative fuels. This is very questionable legally, as I told @evanhalper.bsky.social
www.washingtonpost.com/business/202...
“ .. I must wonder if America’s utter abdication of any responsibility for global warming will someday come back to bite in the form of retaliatory tariffs .. What’s to stop a group of nations with .. climate-related economic losses from eventually penalising the US ..”
www.ft.com/content/4d25...
Did you miss my chat with @oliverbullough.bsky.social today? If so, the recording is now live. thefactcoalition.org/fact-book-ta...
A new report from @americanprogress.bsky.social reveals that the US subsidizes fossil fuels more than renewable energy sources. “Policymakers must stop forcing Americans to pick up the tab for dirty fossil fuel production that is harming Americans’ health and environment.”
The impact of Trump's attacks on the IRS, in two charts.
From my latest for @economist.com.
www.economist.com/finance-and...
List of favors to the oil industry from the Trump administration.
Big Oil flooded Donald Trump’s campaign with cash.
Now, they’re getting billions in handouts from his administration.
