Krugman: What Is Wealthy Mitt Hiding?

Tracy Bloom / Truthdig Jul 9, 2012 "Like father, like son" the old saying goes. But according to New York Times columnist Paul Krugman's latest Op-Ed, Mitt Romney is nothing like George Romney, as far as wealth and the disclosure of it are concerned. And that is not a good thing. Dig deeper ( 2 Min. Read )

Bank of New York Case Tests IRS Power to Halt Foreign Tax Abuses

By Megan Murphy and Vanessa Houlder, Financial Times, and Jeff Gerth, ProPublica Apr 16, 2012 In November 2001, the Bank of New York quietly transferred nearly $8 billion of its assets -- almost 10 percent of its holdings at the time -- to a trust in the small, business-friendly state of Delaware in a critical first step in setting up a tax shelter that has cost the government more than $1 billion in revenue in the past decade. Dig deeper ( 7 Min. Read )

For Some Big Firms, CEO Pay Tops Tax Bill

Staff / Truthdig Aug 31, 2011 Compensation for 25 of the highest-paid U.S. CEOs exceeded the amount their corporations paid in taxes in 2010, according to a study published by a Washington think tank Wednesday. (more) Dig deeper ( 1 Min. Read )