skip to main content
skip to newscasts

Wednesday, May 8, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Alaska covers fewer kids with public insurance vs. 2019; Judge Cannon indefinitely postpones Trump's classified docs trial; Federal initiative empowers communities with career creation; Ohio teacher salaries haven't kept pace with inflation.

view newscast page
play newscast audioPlay

Former Speaker Paul Ryan weighs in on the 2024 Presidential election. President Biden condemns anti-semitism. And the House calls more college and university presidents to testify on handling pro-Palestine protests.

view newscast page
play newscast audioPlay

Some small towns in North Dakota worry they'll go to pot if marijuana is legalized, school vouchers are becoming a litmus test for Republicans, and Bennington, Vermont implements an innovative substance abuse recovery program.

Some WA Companies on List of "Corporate Tax Dodgers"

play audio
Play

Monday, March 3, 2014   

OLYMPIA, Wash. - Some of Washington's most prominent corporate citizens are benefiting by the billions in terms of federal tax breaks, according to a new report. Boeing figures prominently on the list of 288 major corporations for not paying any federal corporate income tax from 2008 through 2012 - along with 25 other companies, many of which also do business in Washington.

Marilyn Watkins, policy director, Economic Opportunity Institute, Seattle, said it proves that companies - like individuals - will do whatever they can to minimize their tax burdens.

"Many of them are doing the same thing at the state level, too, moving assets around from state to state and exploiting the variations in state laws around corporate taxation, in order to minimize what they pay to state governments," Watkins said. "And that means all of us are having to make up the difference."

The report detailed a few common tax avoidance strategies and said few major corporations pay the 35 percent federal tax rate - the five-year average was just over 19 percent. Add in their government subsidies, and some companies effectively have negative tax rates, it added. The data was compiled by the groups Citizens for Tax Justice and the Institute on Taxation and Economic Policy.

At the state level, Watkins said Washington has improved the transparency of its tax policies. A citizens commission and state agencies examine some tax breaks, and the companies that receive them sometimes have to report on what they're doing to justify them. But when it comes to actually ending a tax break, she said, it has been a different story.

"That's what gets to be very, very hard," Watkins said. "We see a lot of people in very nice suits running around Olympia, every time any bill that would extend a new tax break or repeal a tax break is up for discussion."

As an example, in this legislative session she cited a push to indefinitely extend state tax breaks that began in the 1990s for high-tech companies that, back then, were start-ups. She called it "hypocritical" for today's tech giants to criticize the state for not spending more on higher education, while at the same time avoiding paying the taxes that would fund it.

The report, "The Sorry State of Corporate Taxes," is on the Citizens for Tax Justice website.




get more stories like this via email

more stories
Healthcare organizations in Nebraska and elsewhere are struggling to fill nursing positions, which can have significant consequences for patient care. (Adobe Stock)

Health and Wellness

play sound

It's National Nurses Week, and educators and healthcare officials say there just aren't enough of them to go around. A combination of retiring baby …


Environment

play sound

There are nearly 150,000 miles of rivers and streams in South Dakota, but new data show many of those don't meet state standards for safe water …

Health and Wellness

play sound

Birth doulas assist new moms with the stress, uncertainty and anxiety of childbirth, while another type of doula offers similar support to those who …


Social Issues

play sound

The first week of May is designated as Teacher Appreciation Week in the United States. The push to honor teachers started in 1953 when First Lady …

Researchers with the Johns Hopkins Center for Gun Violence Solutions say safe storage of firearms is a good way to prevent suicides, especially when adolescents are in the home. (Adobe Stock)

Social Issues

play sound

The end date for Minnesota's legislative session is less than two weeks away. One of the remaining debates is gun safety and supporters of a safe …

Social Issues

play sound

The shortage of educators and school staffers has reached a crisis level in some Pennsylvania public schools, prompting a new "Educators Rising" …

Social Issues

play sound

A collaboration between the federal government and local communities works to create new career opportunities. The Flint Environmental Career Worker …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021