News Release Category: Capitalism
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G7’s Minimal Corporate Tax Proposal; Case for a Financial Transaction Tax
The signers write that while they “applaud the G7’s support for a minimum global corporate income tax (CIT) rate for multinational corporations,” the G7’s “current proposals would do little for poorer countries. Indeed, they would actually reinforce the unfair bias of international tax rules in favor of the richest countries, which host most of these…
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How Worker Co-Ops Weathered COVID-19 by Prioritizing People Over Profits
Noor added: “Worker cooperatives distribute decision-making power, profits and risk. Data indicates that during the pandemic, worker cooperatives were less likely to lay off staff and often pivoted their business models so they could continue to operate while protecting their workers and the public. The country’s largest co-op, Cooperative Home Care Associates, partnered with textile…
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Is a Network of Donors Neutralizing Peace Activism?
Hoh tells Lindorff that while he has no inside information about the funding policies of the funding consortium or its members, “The assumption that the big peace and national security funding groups are taming the peace movement is a correct one.” He explains: “When you have a bunch of organizations in a group like that,…
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Facebook Collaboration with Israeli Military “Beyond Outrageous”
“Facebook executives’ decision at this moment to directly collaborate with Israeli Defense and Justice Minister Gantz on content moderation, without appropriate parity of government engagement until prompted by civil society, is beyond outrageous. … “In addition, the numerous reports of removal or chilling of political speech that several of our organizations have received over the…
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Could Postal Banking Address “Inequality in the Financial System”?
Eight million households in the United States lack bank accounts because the existing system of privately owned banks doesn’t offer accessible and affordable financial services. But the U.S. Postal Service can serve as a solution. A growing political movement highlights how the Postal Service could offer a public option for banking, making essential financial services…
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Why Does IRS Target Working Poor More than Billionaires?
“Taxes have become almost optional for the super-rich. President Biden’s plan is a welcome first step in reversing wealth hidding and tax avoidance by billionaires and multi-millionaires. You are four-times more likely to get audited if you use the Earned Income Credit – a tax break for working families – than if you’re a billionaire…
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Did Amazon Shred the Law to Stop Worker Unionization?
“Amazon faces dozens of federal allegations from its facilities across the country for firing workers who organized protests and walk-outs demanding the company improve its COVID-19 safety best practices. Amazon employees at multiple facilities report fear of being open about their support for a union at work because they might be fired or harassed.”
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Amazon Union Vote
“Within 24 hours of the defeat of the union at Amazon appearing likely, non-union workers at Amazon went on a wildcat strike in Chicago. So while it may appear that workers at Amazon were defeated, they are still on the march as the strike in Chicago shows.”
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Will Infrastructure Investment be Syphoned by Hedge Funds?
“Putting infrastructure plans in place requires the government to partner with companies that have the deep know-how and the substantial resources to develop these complicated and cutting-edge technologies,” writes Parramore. “The problem is,” these hedge fund “activists” usually “aren’t interested in companies being the best at what they do, or doing anything, really, except handing…
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Tax Billionaires to Pay for Pandemic Recovery
“Under the Warren-Jayapal-Boyle bill, the richest 100,000 Americans would be subject to an annual tax of a few pennies on the dollar on their great fortunes.”