“The Institute for Policy Studies finds that the 2004 tax holiday enabled 843 companies to reduce tax rates from 35 percent to just over 5 percent. These companies repatriated $312 billion in profits, while avoiding about $92 billion in federal taxes. And 58...
Over the past several years, companies have increasingly invoked these agreements to settle disputes in which some say the World Bank is far overstepping its authority. A paper produced in 2005 by the Institute for Policy Studies and Food and Water Watch noted that...
The WCG report notes that the top marginal tax rate was 91% in 1960 before it started dropping during the Kennedy administration. The effective rate (total tax paid on gross income) for the “IRS 400” dropped from 51.2% in 1955 to 16.6% in 2007. The report...
