These Companies Pay Their Executives More Than They Pay in Taxes

  • 📰 truthout
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 68%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Tesla, Ford, Netflix and T-Mobile are among scores of U.S. firms that pay their top execs more than they pay the IRS.

Elon Musk, CEO of Tesla and X, speaks to reporters as he leaves the “AI Insight Forum” at the Russell Senate Office Building on Capitol Hill, on September 13, 2023, in Washington, D.C.In his State of the Union address, President Biden called out “massive executive pay” and vowed to “make big corporations and the very wealthy finally pay their share” of taxes.

Tesla is perhaps the most dramatic example. Over the period 2018-2022, the electric car maker raked in $4.4 billion in profits but paidwe co-authored for the Institute for Policy Studies and Americans for Tax Fairness analyzes executive pay data for some of the country’s most notorious corporate tax dodgers.

Another 29 profitable corporations paid their top executives more than they paid Uncle Sam in at least two of the five years of the study period.its executives played in the 2008 financial crisis: American International Group. Back then, the insurance giant ignited a firestorm by pocketing ain bonuses to the very same executives responsible for pushing the company — and the nation — to the brink of collapse.

Lavish executive compensation packages and skimpy corporate tax payments are not unrelated. Executives have a huge personal incentive to hire armies of lobbyists to push for corporate tax cuts because the windfalls from these cuts often wind up in their own pockets.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 69. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Trump and his companies ordered to pay $355M in NY civil fraud caseA New York judge has ordered Donald Trump and his companies to pay $355 million in penalties. The judge found they engaged in a yearslong scheme to dupe banks and others with financial statements that inflated his wealth.
แหล่ง: AP - 🏆 728. / 51 อ่านเพิ่มเติม »

Two Alaskan seafood shipping companies to pay U.S. $9.5 million for violation of Jones ActTwo Alaska seafood shipping companies settled a lawsuit with U.S. Customs and Border Protection (CBP) for violating the Jones Act.
แหล่ง: KTVF11 - 🏆 267. / 63 อ่านเพิ่มเติม »

Bay Area voters support better transit, if rich people and companies pay: pollProponents of a funding measure want to integrate services among the Bay Area’s 27 transit agencies, to make travel throughout the region as fast and smooth as possible, boost use, cut traffi…
แหล่ง: mercnews - 🏆 88. / 68 อ่านเพิ่มเติม »

Palantir CEO says short sellers bet against great companies ‘so they can pay for their coke'Palantir CEO Alex Karp had colorful words for short sellers in an interview with CNBC on Wednesday.
แหล่ง: NBCNewYork - 🏆 270. / 63 อ่านเพิ่มเติม »