An Easy Fix for Corporate Tax Cheating

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With President Donald Trump decimating the federal government workforce and the Republican Party attacking Medicaid, individual states are struggling to maintain social programs, even as they navigate climate catastrophes and disease outbreaks with little federal support. At the same time, corporations are paying fewer and fewer taxes. 

Rather than increasing the tax burden on individuals, what if major corporations were simply forced to pay their fair share? A new report suggests implementing a solution called “mandatory worldwide combined reporting,” a wonkish term that describes a simple idea. Matt Gardner, senior fellow at the Institute on Taxation and Economic Policy, spoke with YES! Senior Editor Sonali Kolhatkar on YES! Presents: Rising Up With Sonali about what such reporting means and how it could be an easy fix for corporate tax cheating.