A growing number of corporations spend more on executive compensation than federal income taxes.
[ BY SARAH ANDERSON AND SCOTT KLINGER | NOVEMBER 18, 2014 | via IPS ]
This report reveals stark indicators of the extent to which large corporations are avoiding their fair share of taxes.
Of America’s 30 largest corporations, seven (23 percent) paid their CEOs more than they paid in federal income taxes last year.
Of America’s 100 highest-paid CEOs, 29 received more in pay last year than their company paid in federal income taxes—up from 25 out of the top 100 in our 2010 and 2011 surveys.
For corporations to reward one individual, no matter how talented, more than they are contributing to the cost of all the public services needed for business success reflects the deep flaws in our corporate tax system. Rather than more tax breaks, Congress should focus on addressing these deep flaws by cracking down on the use of tax havens, eliminating wasteful corporate subsidies, and closing loopholes that encourage excessive executive compensation.
Полный текст (аж двадцать страниц, ага) вне всякого сомения заслуживает внимания. IMHO, разумеется.