How Some Big Corporations Don’t Pay Taxes?
According to a five year study by a tax activist group, it was found that many U.S. corporations paid very little or no federal income tax, between 2008 to 2012. Citizens of Justice glanced at some profitable Fortune 500 companies and found that 26 companies like Apple, Boeing, Verizon, General Electric, etc. paid no federal income tax in those five years and some even cut jobs. This was because of...
Can “Citizens United” be overturned?
It has been four years since the U.S. Supreme Court gave powers to corporations to spend their money for political campaigns. Once the law was passed, a big of wave of movement emerged where people started demanding that the US Constitution be changed and corporations not to be given the rights of “persons”. During 2012 election campaign, approximately 7 billion dollars were spent by candidates...
How corporations influence the government?
In this era of globalization, corporations with an unlimited access to wealth have managed to gain political power and therefore, can change laws to benefit them. Corporations can influence government through campaign funding, lobbying, and regulatory agencies. CAMPAIGN FUNDING: Big corporations donate money for political campaigns. First such contribution was made in 1896 for William McKinley. And...