BSP In the News
- The Hill: Frank Knapp, Small business opposes multinational corporations' tax avoidance
- Minimum Wage News at our BUSINESS FOR A FAIR MINIMUM WAGE website
- The Hill: Report: Taxpayers shoulder burden for offshore tax haven use
- Paramus Post (NJ): Offshore Tax Havens Cost Average Taxpayer $1,026 a Year, Small Businesses $3,067
- U.S. PIRG, Sen. Levin, Small Business Leaders Release "Picking up the Tab 2013: Average Citizens and Small Business Owners Pay the Price for Offshore Tax Havens"
- American Forum: Scott Klinger, Half Time at the Federal Budget Super Bowl
- Philadelphia Daily News: Talking Small Biz
- Triple Pundit: Don’t Blame Google and Starbucks For Minimizing Tax Bills
- Roll Call: Time for Plan C - Close the Floodgates on Corporate Tax Dodging
- CFO: Small Biz, the Fiscal Cliff, and the Big, Bad Bank
- Westerly Sun: Business leaders urge change in tax system
- McClatchy Tribune News Service: A plea for tax fairness from small businesses
- UPI: 'Fiscal cliff': Is there a Plan C to avoid tax increases, spending cuts?
- Madison Capital Times: Wisconsin business owners join national call to raise corporate taxes
- Charlotte Observer: Charlotte small business owners urge tax reform
- Politico: 'Revenue-neutral' tax reform takes hit
- National Journal: Sen. Levin, Small Businesses Push for Corporate Tax Hikes
- Washington Post: Sen. Levin wants corporate tax revenue in a fiscal cliff deal
- The Hill: Corporate revenues must be in debt deal
- Accounting Today: Small Business Leaders Urge Closing of Corporate Tax Haven Loopholes
National Journal: Sen. Levin, Small Businesses Push for Corporate Tax Hikes
By Niraj Chokshi
National Journal, December 14, 2012
It’s time to raise corporate taxes, Sen. Carl Levin, D-Mich., and small business owners said on Friday.
Tax-evasion tactics have led to an increasingly smaller effective tax rate for big corporations, putting smaller businesses at a competitive disadvantage, Levin and two small business owners said on a conference call with reporters. But the current fiscal negotiations offer a chance to right that wrong.
“It is very unfair to the American taxpayer, it robs the U.S. Treasury of needed revenues, it’s unfair to any competitors who don’t use these offshore gimmicks and these corporate loopholes,” Levin said. It’s time, he said, to return corporate taxes to historical levels. ...
Some executives have pushed for “revenue-neutral” reform, which would simplify the corporate tax code, but leave the amount corporations pay roughly the same. ...
Friday's call was hosted by the American Sustainable Business Council, Business for Shared Prosperity and the Main Street Alliance, which are collecting signatures for a letter to Congress and President Obama to reform the tax system in a way "that is fair and provides sufficient revenue for the public services and infrastructure that underpin our economy."
Copyright 2012 National Journal