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 "finance":

"… them under Luxembourg companies that are all served by internal corporate finance companies, akin to a company’s own bank. These internal lenders received …"

"… ents show.  At the center of the new structure is a third company, a finance arm initially called Wedco Participations SCA. The internal bank made loa …"

"… hidden capital contributions” from other Luxembourg subsidiaries to the finance company, totaling more than €650 million. Disney also set up a U.S. bra …"

How to fix the IRS nonprofit division

By Julie Patel

Employees, reformers offer three recommendations for improving the agency's flagging nonprofit division.

Excerpts from this story referencing "Center for Responsive Politics":

"… 2 election cycle, a presidential election year, according to data from the Center for Responsive Politics. Create a regulatory agency for nonprofits — one separate from the IRS. …"

IRS employees back Obama, Democrats

By Michael Beckel

IRS employees routinely open wallets for Democratic candidates and liberal groups.

Excerpts from this story referencing "Center for Responsive Politics":

"… ntegrity analysis of Federal Election Commission filings maintained by the Center for Responsive Politics. The donations were split roughly evenly between Obama's two presidential …"

"… r union has historically supported Democratic candidates, according to the Center for Responsive Politics. Both the Democratic National Committee and Republican National Committee …"

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 "director":

"… That assumption may be wrong and TPC knows it. That’s why the center’s director has said it would be wrong to “interpret this [study] as evide …"

FACT CHECK: Obama’s ‘Boss’ Baloney

By FactCheck.Org

The Obama campaign is up with a "badly misleading

Excerpts from this story referencing "Tax":

"… g New York law firm and former chair of the New York State Bar Association Tax Section. Kleinbard is a professor of law at the University of So …"

"… Southern California and a former chief of staff of the Joint Committee on Taxation of the U.S. Congress.But both have given to Democratic candidates in …"

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 "Tax":

"… f its invaluable series on “Distribution of Household Income and Federal Taxes,” this time covering 2008 and 2009. The CBO’s statistical series now …"

ALEC faces new challenge to tax-exempt status

By John Dunbar

A group of clergy is challenging the tax status of the American Legislative Exchange Council.

Excerpts from this story referencing "American Legislative Exchange Council":

"… t businesses, the Republican Party, and legislators and not the public.The American Legislative Exchange Council (ALEC) “elevates commercial gain for a few over the well-being of societ …"

Nonprofit profile: Ending Spending

By Rachael Marcus

Quick stats on the nonprofit group, supporting fiscal conservatives

Excerpts from this story referencing "Ending Spending Action Fund":

"… e and a family trust owns the Chicago Cubs. He also founded the super PAC, Ending Spending Action Fund.Brian Baker (chairman and general counsel): Baker served as an advisor to …"

"… . Bob Dole, R-Kan., and Sen. Richard Shelby, R-Ala. He is the president of Ending Spending Action Fund.Stephanie Mesick (Omaha office executive director, director of outreach): …"

"… t Republican Richard Mourdock.Ending Spending has an affiliated super PAC, Ending Spending Action Fund, which gained national attention when the storyboard of a controversial ad …"

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 "Elizabeth Warren":

"… ing. Nor is it required to.– Robert Farley …"

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 "Tax":

"… ddle of the income range in fiscal year 2015, according to the nonpartisan Tax Policy Center.The president and vice president have given a series of spee …"

"… uation that — making over a million dollars do the same exact thing."The Tax Policy Center did an analysis of the Paying a Fair Share Ac …"

"… percent — earning between $39,862 and $69,074 in 2011, according to the Tax Policy Center’s analysis.Under current law (which assumes the Bush Tax c …"

"… ssumes the Bush Tax cuts expire as scheduled at the end of this year), the Tax Policy Center estimates the Buffett Rule would raise Taxes for 116,000 hou …"

DOD has a hand out on April 17

By Aaron Mehta

And where did you think your tax money was going?

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.

Excerpts from this story referencing "Google":

"… multinationals and found that 27 of the cash-flush firms, including Apple, Google and Microsoft, had invested almost $250 billion in the United States.“Th …"

"… evin noted, have brought home almost all their “trapped” funds. Apple, Google and Microsoft, for example, have brought back from 76 to 100 percent of th …"

FACT CHECK: GOP candidates misstate taxes and federal government pay

By FactCheck.Org

Republican debate featured mistakes on how many people pay taxes and how much they spend on tax prep

Excerpts from this story referencing "official":

"… but still have incomes under $20,000 a year. For most of the country, the official poverty guidelines this year classify a family of four as poor if they hav …"

"… prominent conservatives, including Gingrich and former Justice Department official Viet Dinh, paying each $300,000 in 2006, according to internal records.Gin …"

FACT CHECK: Rick Perry’s dubious tax promise

By FactCheck.Org

Texas Gov. and presidential contender's flat tax plan isn't quite flat for lower-income taxpayers

How candidates' tax plans would affect one struggling family

By Amy Biegelsen and John Aloysius Farrell

Republican presidential candidates' ambitious tax plans don't help working class

Wealthy corporations with a trillion dollars stashed offshore lobby for a 'holiday' from U.S. taxes

By John Aloysius Farrell and Aaron Mehta

Wealthy corporations are lobbying for a tax holiday for a trillion dollars stashed offshore

Excerpts from this story referencing "Senate committee":

"… ting corporations, while hiring stagnated or declined,” according to the Senate committee’s study of 15 leading firms that profited from the tax break. Drug giant …"

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 "Internal Revenue Service":

"… ist of the 400 wealthiest Americans, Kaiser reported taxable income to the Internal Revenue Service just once, totaling $11,699 — equivalent to a full-time hourly wage of $ …"

"… ime Kaiser caught the attention of government tax officials. In 1997, the Internal Revenue Service sent Kaiser and his companies bills for more than $72 million in back taxe …"

Top fisheries official says EU is investigating illegalities by Spanish companies

By Kate Willson

Top EU fishing official responds to allegations of misappropriated funds by ICIJ

Excerpts from this story referencing "Sunday Times":

"… -far been re-published or cited by outlets around the world, including The Sunday Times, El País, El Mundo, The New York Times, EU Observer, Huffington Post and …"

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 "security guard":

"… ally shared.It shows actors playing an office worker, a man who could be a security guard or police officer, and the fictional working mother dressed in blue scrubs …"

Subsidy methodology

A look behind ICIJ's reporting on their second installment in overfishing coverage

Excerpts from this story referencing "Madrid":

"… id not match. When possible, ICIJ based its calculations from Brussels and Madrid on amount “paid” rather than amount “allocated.” Despite the major …"

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 "Tax":

"… our calculations, which we confirmed with Nick Kasprak, an analyst at the Tax Foundation.A childless couple making $50,000 would have paid more — but …"

"… , we calculated 2010 federal income Tax liabilities using the 2010 “Tax Calculator” on the H&R Block website. Those calculations agree with …"

"… ulations agree with the independent calculations of analyst Kasprak at the Tax Foundation. We used the Tax Foundation’s “2011 Marginal Rates Cal …"

"… nt calculations of analyst Kasprak at the Tax Foundation. We used the Tax Foundation’s “2011 Marginal Rates Calculator” for 2011 figures. …"

FACT CHECK: Twists and turns on the U.S. debt ceiling

By FactCheck.Org and Scott Blackburn

Senate GOP leader, senior House Democrat misstate debt ceiling facts

Excerpts from this story referencing "Republican candidate":

"… debt ceiling increase since I’ve been in Congress."And he's not the only Republican candidate with that view. Baier correctly mentioned Bachmann, who declared in her fi …"

FACT CHECK: Obama's mis-Tweets

By Lori Robertson and FactCheck.Org

President dives into social media - and misses on electric cars and taxes

Excerpts from this story referencing "Twitter":

"… ludes U.S. production for foreign-owned companies LG Chem and Nissan. …"

"… ngle American" when many will get less than that.Obama took questions from Twitter users — limited to 140 characters, of course — and gave more verbose a …"

IRS in the dark about number of tax shelters and avoidance schemes

By Laurel Adams

IRS says 1 million tax returns sought to evade taxes in some way

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

IRS isn't catching fraudulent and excessive home energy credits

By Laurel Adams

IRS can't verify $6.8 billion in energy tax credits claimed by home owners

Bankers, consumer groups clash over IRS plan to crack down on foreign tax cheats

By Michael Hudson

US banks say they shouldn't have to report foreign deposits

Grants.gov struggles to track its expenses while managing $500 billion in grants

By Laurel Adams

Grants.gov, created to streamline bureaucracy for grants, is failing

IRS could save millions through e-filing

By Laurel Adams

Electronic filing of tax returns could save the Internal Revenue Service millions of dollars. The IRS currently spends $3.29 to process each

Improper EITC payments top $11 billion

By Laurel Adams

A quarter of earned income tax credit payments are improper, amounting to $11 billion to $13 billion in 2009, the Internal Revenue Service r

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