According to a report today in the Washington Post , most companies in the Dow 30 have dropped their tax rates by at least half in the last four decades. The article notes a few factors: the corporate tax rate of today (35%) actually is lower than the corporate tax rate of 1971 (48%); Large U.S. companies today are increasingly multinational companies and so can keep corporate profits overseas; Companies have become increasingly aggressive in their tax strategies. But here’s another factor: Lobbying.
Our second infographic in the Capital in the Capitol series explains why Super PACs are super powerful this presidential election, and tells you who really holds that power—26 individuals.
Firm announces results of financial services professional survey; Wall Street, Fleet Street, and Main Street: Corporate Integrity at a CrossroadsCould You Blow The Whistle? New York, NY (July 10, 2012) – Labaton Sucharow today announced the results of its survey of 500 financial services professionals across the United States and United Kingdom.
The Obama campaign is keeping mum on the role senior advisor Broderick Johnson played in lobbying for the 2008 Wall Street bailout when he worked as a hired gun for the country’s largest financial services companies. Johnson’s past work as a lobbyist was noted in the press when he was appointed a top Obama surrogate in late October, but not the details of his extensive and lucrative work for the financial services industry. Johnson’s hiring despite his recent work for Wall Street strikes a dissonant note in view of the Obama camp’s reported strategy of “channeling anti-Wall Street anger” as a way to take on the Republicans.
* Claiming they have used their access to Downing Street to get David Cameron to speak to the Chinese premier on behalf of one of their business clients within 24 hours of asking him to do so; * Boasting about Bell Pottinger's access to the Foreign Secretary William Hague, to Mr Cameron's chief of staff Ed Llewellyn and to Mr Cameron's old friend and closest No 10 adviser Steve Hilton;