Senator Dick Durbin (D-IL), Senate Majority Whip, spoke about the IPS Executive Excess report during a floor speech about how corporate accountability can help the U.S. overcome the current economic crisis.
A new report from the Institute for Policy Studies documents how America’s top corporate execs are stiffing Uncle Sam – and lavishly lining their own pockets in the process.
Shareholders should reward CEOs for building better products or delivering better services, not for accounting gymnastics that game their tax bills down.
Since the release of Executive Excess 2011, several of the corporations included in our study have raised questions about our methodology. Here’s our response.
On a press conference call on Wednesday, August 31, report co-authors Chuck Collins and Scott Klinger discuss the 25 CEOs who were paid more in compensation last year than their corporations paid in taxes, as well as other report findings, and answer reporters’ questions about the report.
Corporate tax dodging has gone so out of control that 25 major U.S. corporations paid their CEOs more than they paid the U.S. government in federal income taxes.