Democrats See Reform Talking Points in Report on Corporate Tax Dodging

For over 50 years, Bloomberg BNA’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

A new report suggesting that 25 top chief executive officers took home more in pay than their corporations paid in taxes will help underscore a key message from Democrats as they continue to argue for major changes in the tax system, Democrats and analysts tell BNA. Although tax reform is still seen as an issue that is unlikely to get serious traction before 2013, the rationale for it and the policy goals for lawmakers will be a major debate topic leading up to the 2012 election. Republicans are hoping to gain a majority of seats in the Senate and win the White House, but Democrats believe they can block Republicans with their message of improving income equality and blocking corporations from using tax havens.