"You scratch my back, and I'll scratch yours" is an old and cherished maxim of our republic. In politics, that's called an earmark, aka pork. One member of Congress gets a road or a monument for his or her state in exchange for a vote on the bill in question.
Congress has lived on this since the era of stovepipe hats. The political vogue lately, however, has been to repudiate those earmarks. But with the recent gridlock in Washington, the feeling is that perhaps some of that grease might help ease things.
Protesters demonstrate outside a Starbucks coffee shop in London last month. Protests were held at Starbucks throughout the U.K. after it was revealed that the coffee chain had paid almost no corporate taxes for the last three years.
Credit Jacques Brinon / AP
French actor Gerard Depardieu arrived Saturday in Russia to meet with President Vladimir Putin. Putin offered Depardieu citizenship after the actor said he was leaving France to protest a new tax rate of 75 percent on incomes of 1 million euros and higher.
Credit Andrew Medichini / AP
During his New Year's address last week, Pope Benedict XVI decried "unregulated financial capitalism" as a source of global conflict.
Originally published on Sun January 6, 2013 10:17 am
As 2013 begins with wealthy Americans in line for bigger tax bills, they're not alone. Tax fairness takes the spotlight worldwide this year, as cash-strapped governments look to impose more of the burden on well-heeled companies, individuals and institutions, and to catch and punish tax cheaters.
This week, as the U.S. Congress averted a plunge off the fiscal precipice, British Prime Minister David Cameron sent a letter to leaders of the Group of Eight countries that make up about half of the world's economic output.