posted by Morgan Meis in 3 Quarks Daily
Nick Burns at The Hedgehog Review:
There is room for reform in American philanthropy, but circumspection is in order.
Is modern-day philanthropy a disease in the democratic body politic? Rob Reich, a professor of political science at Stanford University (not to be confused with former secretary of labor Robert Reich), believes that it is. And Reich is not alone. Near-universal outrage over the recent college admissions scandal has left two black eyes on American philanthropy: one for the role of Rick Singer’s fraudulent 501(c)(3) organization, Key Worldwide Foundation, in bribing several elite universities to accept children of privilege; the other for the universities’ susceptibility to such schemes. Reich’s book went to press well before the scandal broke, but it is hard to imagine a better indication of his central claim: that philanthropy amplifies the power of the few at the expense of the many.
Philanthropy, Reich reasons, is necessarily “a form or exercise of power”. Under the current regime, it is an undemocratic sort of power: Bill Gates’s donations to public schools, for example, give him a measure of curricular control that cannot be wrested away at the ballot box. Though Reich favors greater government oversight and a freer hand for representative bodies to regulate charities’ operations, he goes a step further by arguing for the abolition of American philanthropy’s legal mainstay: the tax deduction.
more here.
Showing posts with label corporation_tax. Show all posts
Showing posts with label corporation_tax. Show all posts
Friday, 11 October 2019
Tuesday, 28 November 2017
Excellent, plain-language explainer on corporate and 1 percenter tax evasion, with a simple solution
a post by Cory Doctorow for the Boing Boing blog
The New York Times has collaborated with Berkeley economics prof Gabriel Zucman to produce an interactive explainer that walks through the baroque tax-evasion strategies deployed by multinationals like Google and Apple, as well as the super-rich, using plain language and explanatory graphics to get past the deliberately eye-glazing tedium of these arrangements, a shield of boringness that has allowed the super-rich to hide $8.7 trillion from tax authorities while taking advantage of national courts, education, roads, police, and health care.
This system of representation without taxation gives the wealthy the best of all worlds: tiny and giant countries alike scramble for crumbs from the ever-more-rich 1 percent, tilting policies in their favor.
Go straight to
How Corporations and the Wealthy Avoid Taxes (and How to Stop Them) [Gabriel Zucman/New York Times]
The amounts involved are mind-blowing but the interactive chart explains very clearly how companies can avoid paying tax. Evasion is something else.
The New York Times has collaborated with Berkeley economics prof Gabriel Zucman to produce an interactive explainer that walks through the baroque tax-evasion strategies deployed by multinationals like Google and Apple, as well as the super-rich, using plain language and explanatory graphics to get past the deliberately eye-glazing tedium of these arrangements, a shield of boringness that has allowed the super-rich to hide $8.7 trillion from tax authorities while taking advantage of national courts, education, roads, police, and health care.
This system of representation without taxation gives the wealthy the best of all worlds: tiny and giant countries alike scramble for crumbs from the ever-more-rich 1 percent, tilting policies in their favor.
Go straight to
How Corporations and the Wealthy Avoid Taxes (and How to Stop Them) [Gabriel Zucman/New York Times]
The amounts involved are mind-blowing but the interactive chart explains very clearly how companies can avoid paying tax. Evasion is something else.
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