Who Wins When a Crucial Agency Is DefundedThis story was co-published with The Atlantic.Who Wins When a Crucial Agency Is DefundedAudits and criminal referrals are down sharply since Congress cut the tax agency’s budget and management changed priorities.In the summer of 2008, William Pfeil made a startling discovery: Hundreds of foreign companies that operated in the U.S. weren’t paying U.S. taxes, and his employer, the Internal Revenue Service, had no idea. Under U.S. law, companies that do business in the Gulf of Mexico owe the American government a piece of what they make drilling for...…Who Wins When a Crucial Agency Is DefundedThis story was co-published with The Atlantic.Who Wins When a Crucial Agency Is DefundedAudits and criminal referrals are down sharply since Congress cut the tax agency’s budget and management changed priorities.In the summer of 2008, William Pfeil made a startling discovery: Hundreds of foreign companies that operated in the U.S. weren’t paying U.S. taxes, and his employer, the Internal Revenue Service, had no idea. Under U.S. law, companies that do business in the Gulf of Mexico owe the American government a piece of what they make drilling for...WW…

ProPublica is a nonprofit newsroom that investigates abuses of power. The Secret IRS Files is an ongoing reporting project. when the next installment publishes.In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a...…ProPublica is a nonprofit newsroom that investigates abuses of power. The Secret IRS Files is an ongoing reporting project. when the next installment publishes.In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a...WW…

ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing. In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes. Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George...…ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing. In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes. Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George...WW…

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.More than two years after the federal government was preparing to indict Walmart on charges of illegally dispensing opioids, the U.S. Department of Justice is finally taking action. But it’s seeking a financial penalty, not the criminal sanction prosecutors had pushed for.On Tuesday, the Department of Justice brought a civil suit against Walmart in U.S. District Court in Delaware, accusing the retailing behemoth of illegally dispensing and distributing opioids, helping to...…ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive as soon as they’re published.More than two years after the federal government was preparing to indict Walmart on charges of illegally dispensing opioids, the U.S. Department of Justice is finally taking action. But it’s seeking a financial penalty, not the criminal sanction prosecutors had pushed for.On Tuesday, the Department of Justice brought a civil suit against Walmart in U.S. District Court in Delaware, accusing the retailing behemoth of illegally dispensing and distributing opioids, helping to...WW…

Inexpensive, too! Subscribe today and get a full year of Mother Jones for just $14.95.It's us but for your ears. Listen on Apple Podcasts.Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.Thank you for subscribing!By signing up, you agree to our and , and to receive messages from Mother Jones and our partners.Can you pitch in a few bucks to help fund Mother Jones' investigative journalism? We're a nonprofit (so it's tax-deductible), and reader support makes up about two-thirds of our budget.We noticed you have an ad blocker on. Can you pitch in a...…Inexpensive, too! Subscribe today and get a full year of Mother Jones for just $14.95.It's us but for your ears. Listen on Apple Podcasts.Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.Thank you for subscribing!By signing up, you agree to our and , and to receive messages from Mother Jones and our partners.Can you pitch in a few bucks to help fund Mother Jones' investigative journalism? We're a nonprofit (so it's tax-deductible), and reader support makes up about two-thirds of our budget.We noticed you have an ad blocker on. Can you pitch in a...WW…