Corporate Accountability

Tax Loopholes Seen Costing Billions Annually

WASHINGTON - Tax and accounting loopholes that largely benefit rich taxpayers and companies cost the government $20 billion a year even as the pay gap between chief executives and employees has widened, two groups said on Monday.

The biggest loss comes from a "stock option accounting double standard" that allows corporations paying executives stock options to deduct more than their actual expenses, they said.

Read the full article on Reuters.

Executive Excess 2008: How Average Taxpayers Subsidize Runaway Pay

Our 15th annual Labor Day report (with the Institute for Policy Studies) finds that tax subsidies directly related to executive pay total $20 billion. Average CEO pay is 344 times the pay of an average U.S. worker.

Executive Excess Reports

Executive Excess Reports

Our annual Labor Day report (with the Institute for Policy Studies) compares average CEO to the pay of an average US worker and looks at related issues and possible solutions.

2008: How Average Taxpayers Subsidize Runaway Pay (.pdf) Tax subsidies directly related to executive pay total $20 billion. Average CEO pay is 344 times the pay of an average U.S. worker.

Corporate Dominance

Corporate Dominance

Corporate domination of our economic and political lives often leads to corporate crime and greed, while undermining democratic institutions. More than any time in history, today's trans-national corporate power obscures the rights of the public. Without greater accountability, corporate dominance will continue to overshadow national sovereignty and undermine the principles of the common wealth.

Keywords: Corporate accountability, corporate crime, corporate personhood, transparency

Related Links:

Wells Fargo Shareholder Resolution 2007

WHEREAS, there are wide disparities between the interest rates charged to African-American and Latino families compared to white families, according to Home Mortgage Disclosure Act data filed by lending institutions.

Western Union Shareholder Resolution 2007

Western Union Review on Remittance Fees, Rates, and Policy

WHEREAS, we believe onerous charges in the multi-billion dollar money transfer industry place an undue economic burden on low-income immigrant families in the United States and in their communities of origin while creating an increased reputational risk for our Company.

According to the World Bank, the remittance market will generate more than $15 billion in annual revenues in 2006, with profit margins for companies like Western Union as high as 30%.

Responsible Wealth Action News – Back Issues

December 2006 (PDF, 524 KB) Ten Years: Looking Back, Looking Forward • Immigration as Foreign Aid • Myth Busting About Race • Funding Justice Gulf South• Preserving the Estate Tax

Corporate Loopholes Need Plugging

http://cjonline.com/stories/102607/opi_212146319.shtml

Responsible Wealth Action News – October 2007

Reflection: Inconvenience Yourself | Reining in the Wells Fargo Stagecoach | Tax Fairness Organizing | Capturing Capital Gains | Western Union Pressured | Wal-Mart's Annual Meeting | Opinion: War & Taxes | Estate Tax Heads for Compromise | In Your Own Voice | RW Member Runs for Congress

Fair Play Newsletter – Summer 2007