Tag: Corporate

Corporate capitalism is not capitalism, its corporate socialism

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With Joe Biden in the White House and Democrats controlling Congress and the Senate, Ralph Nader, the lifelong good-government crusader and consumer advocate, issues a stark warning to progressives: The Democratic Party is still not on the side of working Americans, no matter what politicians, media pundits and their corporate donors will have us think. The former Green Party presidential candidate has dedicated his life to putting pressure on America’s most powerful corporate and political leaders, and while some activists are ready to let the Biden administration get away with ecocide, expanded drone wars, and other forms of murder, Nader is prepared to do no such thing. His thorough and well-researched critiques, such as his recent piece on the Democrat-assisted corporate takeover of Medicare, are needed now more than ever as American media undergoes what Matt Taibbi calls a mass “sovietization” during the Biden honeymoon.

“One thing I’ve learned is that Democrats are on an infinite journey towards cowardliness,” responds Nader, “because now they’re getting credit for their $1.9 trillion stimulus bill, 100% financed on the shoulders of our children and grandchildren, without a single effort to [rescind] the Trump tax cuts that are at least $2 trillion over the ten years since they were passed in 2017.”

Nader points to the many “institutional taboos” that Democrats won’t speak of let alone challenge, such as tax cuts for corporations and the super-rich, as well as an outrageously bloated Pentagon budget. While the “Scheer Intelligence” guest says that Democrats may look better compared to “the cruelest, most vicious” Republicans, but they

— source scheerpost.com | Mar 19, 2021

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Happy Tax Day! Here’s How Corporations Plan to Screw You Over.

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Few things transform us into frustrated baboons like navigating Turbotax each year. It’s incredible any computers physically survive April.

First there’s the maddening fact, when all is said and done, that the U.S. has something approaching a flat tax system. It’s true that, as right-wing think tanks constantly bleat, the top 1 percent pay a much higher rate than everyone else in federal income tax. But most people pay higher rates than the rich do in payroll and state and local taxes. Add everything together, and everyone from the middle class on up is paying about the same percentage in taxes overall.

Then there’s the grim reality that a big chunk of our money goes to buy things like 21,000-pound bombs, which we drop on, say, Afghanistan, a country with an economy one-one thousandth the size of ours.

And then there’s the process of paying taxes itself, which is mind-numbingly baroque — and for absolutely no reason. After all, the government already has copies of all of your tax forms. Countries like Denmark, Sweden and Spain use that information to fill out your return and send it to you. If it looks good, you sign it and you’re done (or if you

— source theintercept.com | Jon Schwarz | Apr 17 2017

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Aegerion to Plead Guilty Pay $35 Million

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Aegerion Pharmaceuticals Inc., a Cambridge, Massachusetts-based subsidiary of Novelion Therapeutics Inc., will plead guilty to charges relating to its prescription drug, Juxtapid. Aegerion introduced Juxtapid into interstate commerce that was misbranded because, among other things, Aegerion failed to comply with a Risk Evaluation and Mitigation Strategy (REMS). The resolution also includes a deferred prosecution agreement relating to criminal liability under the Health Insurance Portability and Accountability Act of 1996 (HIPAA). Aegerion will pay more than $35 million to resolve criminal and civil liability arising from these matters.

— source corporatecrimereporter.com | Sep 28th, 2017

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Global corporations need global taxation

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In response to the latest Paradise Papers revelations, which have seen large multinational companies exposed milking profits offshore, the Tax Justice Network is calling on countries around the world to start to tax the global profits of multinational corporations.

The current system of taxation used by most countries around the world seeks to tax only the local subsidiaries of each company. That encourages companies like Apple and Nike to shift their profits offshore – out of the reach of the tax authorities and into tax havens.

An alternative system of taxation, called “unitary taxation” instead calculates the tax liabilities of companies based on a proportion of the company’s global profits. The formula used to work out the tax is based on the real economic activities company, for example the sales it books in each country.

Unitary taxation is a system already employed in many developed economies such as Canada and some states in the United States.

— source taxjustice.net | George Turner | 6 Nov 2017

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The Surging Arrogance of Corporatism

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Most heads of giant corporations are drunk with their own power. These corporate CEOs push the envelope in ways that harm defenseless people. They believe they can get away with anything, and they do, with few exceptions. The few corporate crime prosecutions keep declining from Obama to Trump to Biden, due to a settlement-obsessed Department of Justice staffed by lawyers readying to join the lucrative major corporate crime defense firms.

Corporate law firms, which deserve far more scrutiny by the media, have over the decades built a wall of immunity and impunity around these giant firms and their self-enriching CEOs. These CEOs now make an average of $14,000 an hour, while employing workers who are lucky to make $20 an hour. Greedy CEOs have surpassed the lords of medieval feudalism in the disparity they impose on workers.

Corporate law firms find Congressional lawmakers receptive to their campaign contributions and services in drafting legislative loopholes. These law firms place business executives and their own law partners in high executive branch positions (See, Servants of the Damned: Giant Law Firms, Donald Trump, and the Corruption of Justice by David

— source nader.org | Ralph Nader | Jun 23, 2023

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Nearing 4 Years and After 40 Hearings, No Relief for TCS Sexual Harassment Survivor

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A survivor of sexual harassment at the workplace from Chennai, employed at Tata Consultancy Services (TCS), said that she had not got justice for nearly four years. Meanwhile, she has accused TCS management of continuing victimisation at the workplace. Kavya* (name changed) filed a case at the Kanchipuram labour court in 2019 against the ruling of the Internal Complaints Committee (ICC) of TCS. She accused the committee of being biased while considering a harassment complaint she had filed against her manager.

— source newsclick.in | 17 Mar 2023

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