Tag Archives: tax avoidance

Childcare Crisis Grips US as IRS Chief Says Wealthy Tax Dodgers Cost $150 Billion a Year

“If we can afford to spend over $1 trillion on tax breaks for the top 1% and large corporations making record-breaking profits, we can afford to provide working class families with the childcare they desperately need.”

By Jon Queally. Published 2-25-2024 by Common Dreams

Photo: Learning Policy Institute: Laura E. Hernández/CC BY-NC 4.0

A survey of early childhood educators and caregivers released Sunday shows the post-pandemic collapse of federal funding is fueling a national crisis for young children and their families as centers suffer and out-of-pocket costs soar.

The findings of the survey—titled “We Are NOT OK” and put out by the National Association for the Education of Young Children (NAEYC)—resulted from questions posed to over 10,000 professionals in the early childhood education sector.

Continue reading
Share Button

‘Historic Win’: UN Members to Start Talks on ‘Inclusive and Effective’ Global Tax Standards

Applauding African nations that led the new resolution, one activist argued that “shifting power from the OECD is paramount to end the exploitation and plunder of developing countries.”

By Jessica Corbett  Published 11-23-2022 by Common Dreams

Tax justice campaigners have rallied around a United Nations resolution—adopted on November 23, 2022—that could lead to a U.N. tax convention. (Photo: Global Alliance for Tax Justice/Facebook)

Tax justice advocates around the world on Wednesday celebrated the unanimous adoption of a resolution to “begin intergovernmental discussions in New York at United Nations Headquarters on ways to strengthen the inclusiveness and effectiveness of international tax cooperation.”

The U.N. General Assembly (UNGA) resolution on the “promotion of inclusive and effective international tax cooperation at the United Nations” was spearheaded by the African Group—which is composed of the continent’s 54 member states—and comes after about a decade of delays on the topic at the Organization for Economic Cooperation and Development (OECD). Continue reading

Share Button

‘We Are Fighting Back’: Global Black Friday Strikes and Protests Seek to #MakeAmazonPay

“We are workers and activists divided by geography and our role in the global economy but united in our commitment to Make Amazon Pay fair wages, its taxes, and for its impact on the planet.”

By Kenny Stancil.  Published 11-25-2021 by Common Dreams

Workers at the FRA3 Amazon datacenter in Frankfurt, Germany. Photo: Amazon Workers International/Twitter

On Black Friday, more than 70 labor unions and progressive advocacy groups shut down workplaces and hit the streets in cities around the globe to demand—on Amazon’s most profitable day of the year—that the sprawling tech and logistics corporation pay a living wage to its employees and a fair share of taxes to compensate the societies in which it operates.

“From oil refineries, to factories, to warehouses, to data centers, to corporate offices in countries across the world, workers and activists are rising up in strikes, protests, and actions to Make Amazon Pay,” reads the campaign’s website. While the international coalition held its first Black Friday day of action 12 months ago, opposition to Amazon’s abuses has only grown since then, and work stoppages and rallies targeting the e-commerce giant were expected in at least 20 countries on every inhabited continent this year.

According to the Make Amazon Pay coalition, planned actions include:

  • In Kathmandu, Nepal, organizers from the UNICOME Nepal and UNI Nepal Liaison Council will protest in defense of Amazon suppliers and their rights to decent conditions;
  • In Berlin, Germany, warehouse workers will march on the site of Amazon’s HQ to launch the Amazon Workers Against Surveillance;
  • In Toronto, Canada, postal workers and the Warehouse Worker Resource Center will march on the Brampton Amazon facility to demand better wages;
  • In Buenos Aires, Argentina, activists will take action at the Axion oil refinery against Amazon’s services to fossil fuel corporations like BP; and
  • In Warsaw, Poland, a broad coalition of unions and environmentalists will take to the streets to protest Amazon’s worker repression and arbitrary firings at its warehouses.

Sharan Burrow, general secretary of the International Trade Union Confederation, said Friday that people worldwide are demonstrating “to end corporate impunity, to end the scandal of [Amazon’s] monopoly power.”

“They pay little or no tax, yet their obscene wealth is actually untrammeled,” Burrow continued. She emphasized the need to “stan[d] with Amazon workers every day” and thanked unions for their solidarity.

Amazon is headquartered in the United States, but its reach is global—with a massive workforce of roughly 1.3 million people, excluding countless others employed by the company’s subcontractors, and a carbon footprint larger than two-thirds of the world’s countries. Resistance to one of the most powerful corporate empires in history—founded by Jeff Bezos, currently the second-richest person on the planet—is also transnational.

“Amazon is everywhere, involved in almost every step of the global economy, but we are too,” explains the coalition, which includes Progressive International, UNI Global Union, Amazon Workers International, and dozens of other trade unions and civil society organizations working to stamp out inequality, tax evasion, and climate injustice.

“At every link in this chain of abuse, we are fighting back,” the coalition says. “We are workers and activists divided by geography and our role in the global economy but united in our commitment to Make Amazon Pay fair wages, its taxes, and for its impact on the planet.”

Campaigners from the United Kingdom, Spain, Italy, Argentina, Bangladesh, Germany, Cambodia, and Poland described how “Amazon just doesn’t give a shit”—exploiting workers and consumers, despoiling the environment, dodging taxes, and using its ill-gotten gains to wield enormous, anti-democratic influence over lawmakers.

The Covid-19 pandemic, in particular, “has exposed how Amazon places profits ahead of workers, society, and our planet,” the Make Amazon Pay coalition notes on its website.

Last year, for instance, Amazon became a trillion-dollar corporation. According to a video on the coalition’s website, “Amazon’s wealth has increased so much during the pandemic that its owners could pay all 1.3 million of its employees a $690,000 Covid bonus and still be as rich as they were in 2020.”

Bezos—who paid a 1.1% true tax rate between 2006 and 2018, according to a June report from ProPublica—also became the first individual to amass a personal fortune of more than $200 billion. He surpassed that figure in August 2020, just a few months after he eliminated the short-lived hazard pay of Amazon employees, who have continued toiling at great risk to their own health.

In addition, Amazon’s union-busting tactics were on full display earlier this year in Bessemer, Alabama during a drive organized by the Retail Wholesale and Department Store Union (RWDSU).

Union organizers at the Bessemer warehouse came up short in the April election, but an official at the National Labor Relations Board has recommended invalidating those results and mandating a new vote after RWDSU filed nearly two dozen complaints alleging that Amazon illegally threatened employees with loss of pay and benefits, installed and surveilled an unlawful ballot collection box, and expelled pro-union workers from so-called “captive audience” meetings during which management argued against unionization.

In addition to ruthlessly squashing unionization efforts, Amazon denies governments revenue “through its world-beating efforts at tax dodging,” says the Make Amazon Pay Coalition.

“Like all major corporations, Amazon’s success would be impossible without the public institutions that citizens built together over generations,” the coalition stresses. “But instead of giving back to the societies that helped it grow,” the e-commerce giant “paid just 1.2% tax in the U.S.” in 2019, “up from 0% the two previous years.”

As far as pollution goes, the coalition points out, “Amazon’s growing delivery and cloud computer businesses are accelerating global climate breakdown.”

Bezos, meanwhile, said in July—immediately following his first suborbital flight, which he admitted was paid for by Amazon workers—that he thinks it would be a good idea to relocate industrial production to outer space, threatening, however unrealistically, to push capitalism’s detrimental impacts beyond Earth’s atmosphere.

A study published earlier this month found that “the emissions from a single billionaire spaceflight would exceed the lifetime emissions of someone in the poorest billion people” in the world.

Highlighting Amazon’s environmental destruction here on planet Earth, Extinction Rebellion blocked a total of 15 fulfillment centers throughout Europe on Black Friday, in solidarity with striking workers.

In its list of demands, the Make Amazon Pay coalition says that it is fighting for better pay for Amazon’s workers—”in line with the increasing wealth of the corporation, including hazard pay and premium pay for peak times”—as well as improved working conditions and benefits, such as paid sick leave “so that no worker has to choose between their health or their job.”

The coalition also seeks to protect Amazon workers’ rights to organize as well as unions’ rights to promote the interests of employees—without fear of surveillance and retaliation, throughout the company’s global supply chains.

In addition, the campaign is pushing for Amazon to commit to zero emissions by 2030 and to eliminate “tax abuse through profit shifting, loopholes, and the use of tax havens,” among other demands to safeguard consumers’ data.

“Amazon is not alone in these bad practices,” the coalition acknowledges, “but it sits at the heart of a failed system that drives the inequality, climate breakdown, and democratic decay that scar our age.”

This work is licensed under Creative Commons (CC BY-NC-ND 3.0)
Share Button

Pandora Papers: ‘Biggest-Ever’ Bombshell Leak Exposes Financial Secrets of the Super-Rich

“This is the Panama Papers on steroids.”

By Brett Wilkins, staff writer for Common Dreams. Published 10-3-2021

The Pandora Papers were published by the International Consortium of Investigative Journalists (ICIJ) and include private emails, secret contracts, and other records obtained during a two-year investigation involving more than 600 journalists in 117 countries and territories. (Image: ICIJ)

In what’s being called the “biggest-ever leak of offshore data,” a cache of nearly 12 million documents published Sunday laid bare the hidden wealth, secret dealings, and corruption of hundreds of world leaders, billionaires, public officials, celebrities, and others.

The bombshell revelations—known as the Pandora Papers—were published by the International Consortium of Investigative Journalists (ICIJ) and include private emails, secret contracts, and other records obtained during a two-year investigation involving more than 600 journalists in 117 countries and territories. Continue reading

Share Button

G7 Countries Reach Deal on 15% Global Minimum Tax Rate for Multinational Corporations

One critic of the agreement said that “by settling for anything less than a 25% tax rate, the G7 is telling their citizens and the world that they’re willing to keep the race to the bottom alive and kicking.”

By Jake Johnson, staff writer for Common Dreams. Published 6-5-2021

U.S. Treasury Secretary Janet Yellen at the World Bank 2021 Spring Meetings. Phpto: World Bank/flickr/CC

Representatives from seven of the world’s wealthiest nations reached an agreement on Saturday to support a global minimum tax rate of at least 15% for multinational companies, a move aimed at curbing the use of tax havens and ending the decades-long race to the bottom on corporate taxation.

The deal struck by the U.S., Japan, Germany, France, the U.K., Italy, and Canada still faces a long road to implementation, but Saturday’s development marks substantial progress toward a global accord that could allow governments to raise revenue from corporate giants notorious for shifting operations and profits overseas to avoid taxes. Continue reading

Share Button

Trump, Granting Lobbyist Demands, Quietly Handed Billions More in Tax Breaks to Huge Corporations: Report

“Trump is the most corrupt president in history, and here’s the latest example of how that corruption helps giant corporations.”

By Jake Johnson, staff writer for Common Dreams. Published 12-30-2019

Treasury Secretary Steven Mnuchin and President Donald Trump at a Tax reform press briefing October 31, 2017. Screenshot: YouTube

A “disturbing” New York Times story published Monday detailed how President Donald Trump’s Treasury Department, led by former Goldman Sachs banker Steve Mnuchin, has quietly weakened elements of the 2017 tax law in recent months to make it even friendlier to wealthy

individuals and massive corporations.

Lobbyists representing some of the largest corporations in the world, the Times reported, targeted two provisions in the original 2017 law designed to bring in hundreds of billions of dollars in revenue from companies that had been dodging U.S. taxes by stashing profits overseas. Continue reading

Share Button

Global Offshore Corporate Networks Exposed in Massive Data Leak

By Dan Feldt. Published 12-3-2019 by Unicorn Riot

Hundreds of thousands of documents from inside Formations House, a posh British finance firm located in central London, have been released online tonight. Formations House created thousands of companies for ultra-wealthy business-people for offshore banking and international transactions. The transparency collective ‘Distributed Denial of Secrets‘ obtained these documents from a source dubbed “Babylon” and is publishing them online. More than 100,000 recorded phone calls between Formations House, its customers, and related figures, are included. Full archives of the phone calls are expected to be released in coming days.

This new data release is named ‘#29Leaks’ after 29 Harley Street, the original location in London of Formations House (it moved to a new address after 2016 – the records in this release were generated out of that original location); it’s a prestigious address about a thirty-minute walk from Parliament. Continue reading

Share Button