Florida Gov. Ron DeSantis consigned Disney World’s self-governing status to the historical dustbin on Feb. 27 as he signed the bill setting up a new board to govern the Central Florida property, one of the world’s premier tourist destinations. DeSantis staged the bill with a backdrop not of the Magic Kingdom, but of a big […]
The average effective tax rate, or the proportion of income paid after tax breaks, among profitable major firms dropped from 15.7 percent in 2014 to 8.9 percent in 2018, according to a new study (pdf) by the Government Accountability Office (GAO). Despite lower rates, tax contributions from large profitable companies increased from 2016 to 2018, due […]
With technological advancements, farming is becoming more efficient—delivering more food to more places. But family farmers are shrinking in California. My guest is Victor Davis Hanson, a historian and farmer. He explains what is lost in the transition to corporate farming and its impact on our farming communities. * Click the “Save” button below […]
Treasury Secretary Janet Yellen has confirmed that leaders of the world’s 20 biggest economies (G20) have endorsed a “historic agreement” on new international tax rules, including a global minimum corporate tax. A senior White House official told reporters on Friday that G20 leaders would this weekend formalize their endorsement of a deal establishing a global minimum […]
Three Democratic senators on Tuesday unveiled proposed legislation that would require roughly 200 U.S. companies to pay a minimum 15 percent tax rate The proposal, called “The Corporate Profits Minimum Tax” is sponsored by senators Elizabeth Warren (D-Mass.), Angus King (I-Maine), and Senate Finance Committee Chair Ron Wyden (D-Ore.) and co-sponsored by senators Michael Bennet (D-Colo.), Edward […]
Amazon is allowing company managers to decide when corporate employees return to the office after they began working remotely due to the COVID-19 pandemic. The company issued updated guidance in a memo to employees on Oct. 11 stating that it was leaving the decision as to when employees return to the office in the hands […]
Two potential Republican presidential candidates said Thursday that they will not accept donations from corporate political action committees (PACs). “In my nine years in the Senate, I’ve received $2.6 million in contributions from corporate political-action committees. Starting today, I no longer accept money from any corporate PAC. I urge my GOP colleagues at all levels […]
Bernie Sanders has released a major proposal to “end corporate greed and corruption” by requiring large companies to give ownership stakes to their employees. The proposal also would ensure that many of the nation’s most profitable firms pay more in federal taxes.
