A simple rule meant to cut paperwork for U.S. companies has grown into one of the biggest multinational tax breaks around, costing the United States and other governments billions of dollars in lost taxes each year. It thrives thanks to determined business support, including a campaign two years ago that forced the Obama administration to retreat from altering it and tax professionals worldwide who exploit its benefits.
Last week, both the Los Angeles Times and The Nation put the spotlight on a little-known but influential conservative nonprofit that creates “model” state legislation that often make its way into law. The American Legislative Exchange Council has helped craft some of the most controversial — and industry-friendly — legislation of recent years.
By SHARONA COUNTS/ProPublica After being laid off from her job as a high school teacher in Dayton, Ohio, Nicole Massey decided to go back to college. For months, she scoured the Web for ways to fund her tuition, while supporting her 10-year-old son, Tyler. So when ads turned up in Massey’s inbox claiming that President […]
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