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Taxes And The American Corporation

American corporations paying zero in American taxes, starting with General Electric. We’ll look at what’s going on.

Jeffrey R. Immelt, right, General Electric's chief executive, was appointed by President Obama to head the President's Council on Jobs and Competitiveness. (AP)

Jeffrey R. Immelt, right, General Electric's chief executive, was appointed by President Obama to head the President's Council on Jobs and Competitiveness. (AP)

Just over two weeks until tax day now -– April 15th. You may be burning the midnight oil, trying to figure out what to pay, how to pay, how to save a buck. American multinational corporations have that game down.

In the 1950s, almost a third of federal tax receipts came from corporations. Today, that’s been whittled down to 6.6 percent.

Some of the biggest global players are parking profits overseas, and paying little or nothing at home. It’s legal. But it’s also been lobbied to a fare thee well. At a time of massive deficits, some call it corrupt.

This hour On Point: U.S. corporations, global tax games.

- Tom Ashbrook

Guests:

David Kocieniewski, tax reporter for the New York Times.

Martin Sullivan, contributing editor for Tax Analysts, a non-profit, nonpartisan group that produces research and analysis on tax policy.

James Hines, professor of Law and Economics at the University of Michigan and an expert on tax issues.

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Apr 24, 2015
The Rev. Jamal Bryant leads a rally outside of the Baltimore Police Department's Western District police station during a march and vigil for Freddie Gray, Tuesday, April 21, 2015, in Baltimore. (AP)

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Apr 24, 2015
Dick West (Dr. Walter Richard West, Wah-pah-nah-yah or Wapah Nahya, Light Foot Runner), 1912−1996, Southern Cheyenne, Oklahoma. Cheyenne Sun Dance—The Third Day, 1949. Paper, casein, 24 5/8 x 35 1/8 inches. © 2013 Philbrook Museum of Art, Inc., Museum purchase, 1949.20, Photo: John Lamberton.

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Apr 24, 2015
Dick West (Dr. Walter Richard West, Wah-pah-nah-yah or Wapah Nahya, Light Foot Runner), 1912−1996, Southern Cheyenne, Oklahoma. Cheyenne Sun Dance—The Third Day, 1949. Paper, casein, 24 5/8 x 35 1/8 inches. © 2013 Philbrook Museum of Art, Inc., Museum purchase, 1949.20, Photo: John Lamberton.

Artists of earth and sky. Rawhide, bear claw, eagle feathers and the glory of America’s Plans Indians, on display at the Metropolitan Museum of Art.

 
Apr 24, 2015
The Rev. Jamal Bryant leads a rally outside of the Baltimore Police Department's Western District police station during a march and vigil for Freddie Gray, Tuesday, April 21, 2015, in Baltimore. (AP)

Loretta Lynch gets a vote. Race and anger in Baltimore. Migrant crisis in the Mediterranean. Petraeus, sentenced. Our weekly news roundtable goes behind the headlines.

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