by: David Bolotsky
For many people, there's no happier moment than the day you welcome a child into the world. With so many emotions to deal with, and so many things to prepare for, the last thing you need to worry about is whether or not you'll be getting paid.
At UncommonGoods, we make sure that our more than 100 team members can welcome a new child without that hassle. Recently, President Obama gave the same benefit to federal contractors.
But many businesses in the U.S. don't provide this benefit. They may couch that decision in terms of cost -- claiming it would hurt their bottom line -- but that's short-sighted.
by: Frank Clemente
Surprisingly, Congress's $680 billion holiday-season tax deal will bring some cheer to working families and not just to big corporations this year. Refundable tax credits putting extra cash in the hands of hard-pressed workers and parents were included in a huge year-end gift-wrapped package of tax breaks -- the type of bill that usually only offers big rewards to corporate fat cats.
Every two years for the past few decades, Washington has renewed a collection of about 50 temporary tax breaks, called "tax extenders." Even though some of them had been repeatedly renewed for 30 years, the giveaways were deemed temporary to hide their substantial $50 billion annual cost -- 80 percent of which benefited businesses.
by: Richard Eidlin
Well before the final negotiations of the COP21 climate talks in Paris, business was already making a big difference on the ground. For the first time, superstar entrepreneurs showed up with plans to fund major initiatives. Giant companies sent CEOs to showcase their results in reducing carbon in their own operations. And entire industries, such as financial services, agriculture and manufacturing, made new commitments to address climate change.
Attending the talks as a business leader, I could tell that positive pressure from the business sector was going to lead to success.
by: Josh Knauer
Most American businesses know the drill: At the end of the year or quarter, they calculate how much money they made, what legal deductions they can claim, and how much they'll ultimately owe the federal government in taxes. They write up a check and send it in to the IRS. No business likes doing it, but it's the cost we all have to bear.
Unless, that is, you're one of the U.S. multinational corporations that have stashed $2.1 trillion in profit overseas. Under the U.S. deferral rule, they don't have to pay taxes on that profit until they bring it back home, so they don't.
by: John O'Neill
by: Peter Strugatz
by: Lawrence Mishel
by: Jenn Vervier
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