As the assets of the billionaire class in the US swell to $3.5 trillion amid the pandemic, a new study of philanthropic giving reveals that many of America’s wealthiest are using charitable donations to stay rich and get richer.
America’s largest companies are using a wide variety of loopholes to bring their collective tax bills into negative digits. The heat is currently on in Washington to extend the lives of some of these tax tricks — especially ones that help big business.
WASHINGTON --- Out of 30 of the largest companies in the United States last year, nearly a quarter paid more to their chief executive than they did in federal taxes, according to new research. That proportion appears to hold true for a larger sample of U.S. companies, as well. Of the country’s 100 top-paid CEOs last year, 29