[Tree] US Senate investigation into Pfizer's Irish tax affairs

Version 0.16 (2024-05-26 09:53:32.546000)

updates: US Senate committee investigates Pfizer's Irish tax affairs

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Version 0.15 (2024-04-30 15:53:02.917000)

updates: The article discusses the issue of corporate tax avoidance in the United States and its impact on income inequality. It highlights that many American companies pay far less than the statutory corporate tax rate of 21%, with some industries, such as pharmaceuticals and tech, paying even lower effective tax rates. The article also mentions that only 22% of the 200 largest public companies in the U.S. have published statements and policies of responsible tax practices. It argues that corporate tax avoidance contributes to wealth disparities and calls for a more equitable tax code, including raising the corporate tax rate to at least 35% and ending loopholes and tax breaks. The article emphasizes the importance of fair corporate taxation in reducing inequality, funding public services, and supporting essential social programs. The author suggests that the battle against extreme inequality depends on corporations and billionaires paying their fair share of taxes.

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Version 0.14 (2024-04-15 20:22:09.839000)

updates: The story provides additional details on the tax avoidance strategies used by pharmaceutical companies and the proposed legislation to address the issue.

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Version 0.13 (2024-04-12 22:21:29.217000)

updates: Incorporated information about U.S. drug makers paying taxes below the corporate rate

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Version 0.12 (2024-04-12 19:21:10.909000)

updates: Pfizer accused of massive tax dodge, highlights corporate tax avoidance

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Version 0.11 (2024-03-21 19:18:45.895000)

updates: Janet Yellen urges US Congress to support global minimum tax deal

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Version 0.1 (2023-12-16 04:21:46.357000)

updates: Exxon's low tax payments and impact on Biden's climate agenda

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Version 0.09 (2023-12-15 13:26:21.307000)

updates: Exxon's low US tax payments and their impact on Biden's climate agenda

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Version 0.08 (2023-12-15 12:24:06.445000)

updates: Updated information on Exxon's low US tax payments and the impact on Biden's climate agenda

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Version 0.07 (2023-12-15 11:26:27.493000)

updates: Inclusion of information about Exxon's low US tax payments and its impact on Biden's climate agenda

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Version 0.06 (2023-10-30 04:35:03.627000)

updates: Restructured and streamlined information

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Version 0.05 (2023-10-23 08:31:14.804000)

updates: Expanded information on loopholes and low revenue in the tax agreement

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Version 0.04 (2023-10-18 10:36:16.713000)

updates: The new narrative focuses on Microsoft's potential tax bill and the issue of profit shifting.

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Version 0.03 (2023-10-13 21:28:18.010000)

updates: Expanded on the trust fund penalty and included information about the IRS using AI to target tax evaders

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Version 0.02 (2023-10-13 10:38:19.687000)

updates: Incorporated information about the widening tax gap and its implications

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Version 0.01 (2023-10-06 14:37:37.570000)

updates: The new narrative emphasizes the consequences of borrowing from withheld taxes and provides a recent court case as an example.

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