Posts Tagged 'Tax exemption'

Exxon and ALEC Running Illegal Lobbying Scheme, Watchdog Groups Charge in IRS Complaint

ExxonMobil and the American Legislative Exchange Council (ALEC) are running an illegal scheme to promote the oil giant’s climate denial policies and legislative agenda in violation of U.S. tax law governing charitable organizations, the Center for Media Democracy (CMD) and Common Cause charged today.

In a new filing to the IRS – adding to an active investigation prompted by a 2012 complaint that ALEC is operating as a corporate lobbying group while registered as a 501(c)(3) nonprofit charity – the watchdog ...

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Walmart Accused Of Using Its Charitable Foundation To Build More Walmarts By Chris Morran

There are more than 4,500 Walmart stores in the U.S., but the nation’s largest retailer continues to expand. The company, once associated with rural communities, has recently made pushes into urban markets. And a new complaint to the IRS accuses Walmart of wrongfully using its tax-exempt Walmart Foundation charity to get a foothold in those cities.

In a lengthy and detailed complaint [PDF] to IRS Commissioner John Koskinen about ...

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From Class to Caste: How Congress Is Set to Accelerate Inequality by Repealing the Estate Tax – Scott Klinger

This week the Republican-controlled House of Representatives plans to pass legislation that would accelerate inequality ensuring today’s merely wealthy become tomorrow’s obscenely rich.

Those who want to repeal the estate tax have labeled it “the death tax,” but they couldn’t be further from the truth. More than 99.8 percent of Americans who inherit money or property from a loved one get a big tax break. Only one in five members of the top 1 percent pays any estate tax. And those fortunate few ...

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