Five transactions and five tax exemptions for Koch in Luxembourg

By Alison Fitzgerald and Kimberley Porteous

A close look at some of the transactions included in the restructuring that the Luxembourg government agreed would be exempt from tax.

Excerpts from this story referencing "Invista":

"… bsp;     …"

"… g that the Luxembourg government agreed would be exempt from tax.  1) Invista B.V. transfers $300 million to another Koch subsidiary called Arteva Globa …"

"… rom income tax and municipal business tax by Luxembourg officials. 2) Invista then transfers $175 million to a third Koch subsidiary called KoSa Lux Fin …"

"… e to no written accounting” for Koch’s Luxembourg company.  3) An Invista subsidiary in Luxembourg transfers a $177 million credit to a related comp …"

Luxembourg tax deals for Disney, Koch brothers empires revealed

By Alison Fitzgerald and Marina Walker Guevara

New leak discloses secret tax agreements between major American companies and Luxembourg.

Excerpts from this story referencing "Europe":

"… embourg that may have helped them slash the taxes they pay in the U.S. and Europe, according to the documents obtained by the International Consortium of In …"

"… stigation has sparked swift condemnation and calls for reform in Europe. In the wake of the revelations, Jean-Claude Juncker, the new president of …"

"… the wake of the revelations, Jean-Claude Juncker, the new president of the European Commission, who was prime minister of Luxembourg while many of the contr …"

"… troversial tax policies were enacted, survived a no-confidence vote in the European Parliament but saw his leadership questioned. Juncker has firmly m …"

Investment managers top list of super PAC donors

By Rachael Marcus and Andrea Fuller

Hedge fund managers, other investors top donors by industry to super PACs.

Excerpts from this story referencing "Israel":

"… pport was linked to a shared stance with Gingrich as staunch supporters of Israel. Not quite so well publicized was Adelson’s financial stake in who wins …"

"… wsworthy.Adelson’s steadfast and occasionally controversial positions on Israel’s national security have also increased his profile in the national medi …"

"… and provided fodder for the opposition.He opposes a two-state solution for Israel and the Palestinian Authority, once calling it a “stepping stone for the …"

"… nian Authority, once calling it a “stepping stone for the destruction of Israel and the Jewish people.”He was also once one of the biggest backers of AI …"

FACT CHECK: Social Security scare tactics

By FactCheck.Org

Both campaigns make misleading claims about potential changes to Social Security

Excerpts from this story referencing "Social Security":

"… eware: The Obama and Romney campaigns are making false claims about taxing Social Security benefits:Vice President Joe Biden told seniors in Florida that Romney’s …"

"… d seniors in Florida that Romney’s tax plan “would raise taxes on your Social Security.” But that’s not part of Romney’s tax plan. It’s the Oba …"

"… Committee falsely claim that Biden “repeatedly voted for higher taxes on Social Security benefits.” Obama and Biden repeatedly opposed attempts to cut the tax on …"

"… benefits.” Obama and Biden repeatedly opposed attempts to cut the tax on Social Security benefits for higher-income seniors, but that’s not a vote for raising ta …"

FACT CHECK: Obama’s ‘Boss’ Baloney

By FactCheck.Org

The Obama campaign is up with a "badly misleading

Excerpts from this story referencing "Mitt Romney":

"… ;  …"

FACT CHECK: Truth about tax rate talking points

By FactCheck.Org

Despite common talking points, tax rates were actually at a 30-year low in 2008-2009 period.

Excerpts from this story referencing "president":

"… s own campaign promise to raise taxes on upper-income households, the new president was a tax cutter in 2009.The Top 1 PercentThe CBO figures show rates have …"

FACT CHECK: GPS's bogus tax attack against Obama

By FactCheck.Org

A new Crossroads GPS ad makes a completely unfounded claim on President Obama's tax plans.

Excerpts from this story referencing "Tax":

"… the national debate on jobs, the economy, ObamaCare and government debt.”Tax NonsenseThe ad — titled “Obama’s Promise” — lists several pledge …"

"… all individuals and families, working or not, according to the nonpartisan Tax Policy Center.The Crossroads GPS ad simply ignores these very real Tax cut …"

"… ay for an expansion of the Children’s Health Insurance Program.Mandate = Tax Increase?The Heritage Tax figure includes $65 billion that comes from pena …"

FACT CHECK: Elizabeth Warren attacks GE's controversial tax practices

By FactCheck.Org

Massachusetts Senate candidate makes sweeping, inaccurate statement about corporate tax loopholes.

Excerpts from this story referencing "Tax":

"… ory in the New York Times headlined “GE’s Strategies Let It Avoid Taxes Altogether.” It was part of a 2012 Pulitzer Prize-winning series title …"

FACT CHECK: 'Fat Cats' ad not quite accurate on Buffett Rule

By FactCheck.Org

In advocating for Buffett Rule, MoveOn.org gives false impression of tax rates for the ultra-wealthy.

Excerpts from this story referencing "Warren Buffett":

"… less than the average — the notable examples being billionaire investor Warren Buffett and Republican presidential candidate Mitt Romney. Then again, there are t …"

FACT CHECK: Warren Buffett's tax rate is an exception, not a rule

By FactCheck.Org

Most high-earning tax payers actually do pay a higher rate than the middle-class.

Excerpts from this story referencing "Warren Buffett":

"… ort for the Buffett Rule. The proposal is named after billionaire investor Warren Buffett, who famously wrote that many of his office staff pay a higher t …"

"… may be “tens of thousands,” but certainly not “several millions.” Warren Buffett is the exception, not the rule.Obama, April 10: "In the next few weeks, we …"

DOD has a hand out on April 17

By Aaron Mehta

And where did you think your tax money was going?

Excerpts from this story referencing "Tax":

"… ebsite from the federal government, now you can!The White House “Federal Taxpayer Receipt” calculator, released Wednesday, asks you to put in how muc …"

Romney's small tax bill could be a big problem

By Corbin Hiar

The millionaire former venture capital partner pays an effective tax rate lower than a family earning less than $70,000

Excerpts from this story referencing "Bain Capital":

"… y told reporters in South Carolina Tuesday, when asked about his taxes.The Bain Capital founder and current GOP presidential front-runner has been under pressure …"

"… been referring to the lucrative retirement package he secured when he left Bain Capital, the private equity firm he helped found in 1984.Romney left Bain in early …"

Tax gift to the rich

By John Aloysius Farrell

How one loophole helps some wealthy Americans pay less taxes

Excerpts from this story referencing "Douglas Holtz-Eakin":

"… repreneurial talent pool, and harm overall economic efficiency,” claimed Douglas Holtz-Eakin, a former congressional budget director, in a paper for the American Actio …"

Senate committee finds most 'trapped' offshore income is already in U.S.

By John Aloysius Farrell

Senate committee finds most 'trapped' offshore income from Google, Microsoft already in U.S.

Bailed-out banks paid no income tax in some years, according to study

By John Dunbar and John Dunbar

New study shows bailed-out banks among those companies that paid no income tax at least one year

Excerpts from this story referencing "Goldman Sachs":

"… News analysis of a new study of tax dodgers. Wells Fargo & Co., Goldman Sachs Group, PNC Financial Services Group, Capital One Financial Inc. and State …"

"… ers 2011, Wells Fargo "expects to pay significant income taxes for 2011." Goldman Sachs also received government money under the TARP program in the form of& …"

"… eign jurisdictions" as well as $300 million in taxes for 2010.  Goldman Sachs and State Street did not respond to a request for comment. …"

How an Obama fundraiser turned Oklahoma into a personal tax haven

By Bill Allison

How George Kaiser turned Oklahoma into his personal tax haven

Excerpts from this story referencing "Tax avoidance":

"… nvestigated how wealthy individuals and powerful corporations avoid taxes. Tax avoidance is legal — and the strategies Kaiser used to minimize his own and his co …"

FACT CHECK: Ad on billionaire's statement misses the facts

By FactCheck.Org

Tax burden is actually more equal than liberal advocacy group portrays in video campaign

Excerpts from this story referencing "MSNBC":

"… om this ad released by MoveOn.org Civic Action. The ad appeared on CNN and MSNBC starting Sept. 22. It was keyed to a White House push to get Congress to a …"

FACT CHECK: Obamas' tax rate not lower than the average teacher's

By FactCheck.Org

From every angle, the Obamas' tax rate was substantially higher than that of a teacher or firefighter

Excerpts from this story referencing "Warren Buffett":

"… nt was on safer ground when he stuck to talking about billionaire investor Warren Buffett, who wrote in a much-quoted Aug. 14 New York Times opinion piece …"

GAO says at least 3,700 stimulus recipients are delinquent on taxes

By Laurel Adams

Stimulus recipients who got $24 billion owe $750 million in taxes

Excerpts from this story referencing "Government":

"… ving a $24 billion handout from the federal Government. An analysis by the Government Accountability Office found that almost 5 percent of the 80,000 Recovery A …"

Medical device industry lobbies IRS, Congress to dodge health law tax

By Joe Eaton

Device makers lobbying to get out from under tax imposed by health care reform law

Excerpts from this story referencing "Montana":

"… framework” version of the health bill pushed by Democrat Max Baucus of Montana, for example, would have nailed the industry with a $40 billion excise tax …"

IRS not strict enough on fraudulent tax refunds to nonresident aliens

By Laurel Adams

The Internal Revenue Services needs to strengthen its review of tax refunds to nonresident aliens before they are sent out of the country, a

Excerpts from this story referencing "Internal Revenue Service":

"… er than men the same age. (OIG US Agency for International Development) …"

Stimulus tax credit may increase penalties

By Laurel Adams

The “Making Work Pay” tax credit, which increased take—home pay for workers, may result in 13.4 million people actually owing the government

More corporations pay less in taxes

By The Center for Public Integrity

Corporate tax payments accounted for 23 percent of all federal tax revenue in 1960. By 2007 that figure had dropped to just 14 percent

Excerpts from this story referencing "American International Group":

"… cial giants turning to U.S. taxpayers for costly bailouts — for example, American International Group, which recently received up to $123 billion in Treasury assistance — had …"

Steve Forbes, cattle farmer

WASHINGTON, D.C. January 25, 2000 — Steve Forbes' signature line in his 2000 campaign is, "Steve Forbes: He wants you to win." But who's the

Excerpts from this story referencing "Business":

"… he entire cost of capital investments in land, construction and machinery. Business expenses, including travel and entertainment costs (even three-martini lun …"

Bradley was driving force behind biggest tax giveaway

January 6, 2000 — Democratic presidential candidate Bill Bradley laid out his plans for tax reform on Jan. 4, attacking corporate tax shelte

Excerpts from this story referencing "Tax Reform Act":

"… ever. Bradley, who trumpets himself as “the architect of the 1986 Tax Reform Act,” laid out his agenda for tax reform in the new century. Speaking at …"

"… he history of the Internal Revenue Code. Buried in obscure passages of the Tax Reform Act of 1986, of which Bradley indeed was the architect, were hundreds of speci …"

"… rom the bill, which became part of the Internal Revenue Code thanks to the Tax Reform Act: Indebtedness outstanding on May 29, 1985. – Indebtedness is d …"

"… 85 million, respectively. Like most of the other 650 special breaks in the Tax Reform Act of 1986, called “transition rules” by members of Congress &nda …"