Showing posts with label deductions. Show all posts
Showing posts with label deductions. Show all posts

Great TV Show: Economic Update by Richard Wolff - News with a Socialist Perspective instead of Corporate "Yadda-Yadda"

https://www.democracyatwork.info/

This week on Economic Update, Professor Wolff delivers updates on German workers who elect almost half of corporate boards of directors, major US corporations with negative tax rates, Kentucky governor maneuvers against black-lung victims, involuntary part-time employment, epidemic of U.S. evictions and Trump's tariffs on China. 
https://www.democracyatwork.info/eu_employees_vs_employers_endless_tensions

https://itep.org

Amazon reportedly raked in more than $5.6 billion in U.S. profits in 2017, but despite that, the company essentially paid $0 in federal income taxes.

That’s largely attributable to “excess stock-based compensation deductions” and the effect of the 2017 Tax Act, according to the company’s U.S. Securities and Exchange Commission filing earlier this month. In other words, Amazon was able to leverage the tax credits and breaks to zero out taxes it owed this year, according to the Institute on Taxation and Economy Policy (ITEP), a non-partisan think tank.

https://itep.org/category/blog+corporate-taxes/

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