Archive for Chicago Economy

Special “People”, Special Countries, Special States, and Special Schools

This is a crosspost from the “Dollars & Sense Real World Economics” Blog, authored by CPEG’s Ron Baiman.

It’s been interesting following the recent press on corporate tax avoidance, and in Chicago, the ignominious public school closings. I thought it would be useful to take a minute to draw out the linkages.

The biggest revelation from Apple’s tax avoidance strategy has been it’s scheme to set up “corporate persons” who don’t reside anywhere.1 Apple set up an Irish subsidiary incorporated in Ireland (and therefore not liable for U.S. corporate taxes) but managed from California (and therefore not subject under Irish law to Irish taxation) that has rights to the income from all of the companies trademarks and patents in Asia, Africa, and Europe. Presto! This special corporate person is not legally liable for any taxes – a step up from the usual multinational “transfer pricing” and “off-shore” tax haven strategies where the poor “corporate person” still has to at least have a place of residence!

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CPEG Presentations: Jobs, FTT, and Labor in Wisconsin

Members of the Chicago Political Economy Group recently gave several workshop presentations which are now available online.

At the NATO People’s Counter Summit in Chicago, CPEG’s Bill Barclay (along with Susan Hurley, Director of Chicago Jobs with Justice) conducted a workshop on a proposed Financial Transaction Tax for Illinois. His powerpoint, “A Speculation Sales Tax for Illinois” is now available for download here (.ppt).

Other CPEG members at the summit presented a seminar entitled “Confronting the Job Crisis“, focused on three issues: jobs, taxes and political mobilization. The workshop was covered nicely by the Red Line Project Blog.

At the Community Media Workshop, during a workshop on “The Great Wisconsin Resistance”, CPEG’s Mel Rothenberg presented his discussion paper “Labor and Occupy: Insights from Wisconsin“. The paper examines the role of contemporary trade unions in a revival of a mass political left versus their role as the center of a revived social movement. It is now available for download here (.pdf).

CPEG Collaborates on Cost-Benefit Analysis of Chicago Airport Living Wage Ordinance

The Chicago Political Economy Group, along with other Chicago Academics and Unite Here! Local 1, recently collaborated on a cost-benefit analysis of a proposed Chicago Ordinance that would ensure airport concessions workers at O’Hare and Midway International Airports are paid at least the Chicago Living Wage ($11.18) that the City requires of other contractors.

The study estimates that 1,600 of the 2,400 concessions workers at the two Chicago airports would increase their wages an average of approximately $2 an hour. This would be an increase in annual income of about $4,000 per full-time worker covered, from roughly $18,000 to $22,000 a year.

View the Study

Investing in Chicago Communities; A Jobs Fund for a Future That Works

The Chicago Political Economy Group and Stand Up! Chicago today released a new plan entitled Investing in Chicago Communities; A Jobs Fund for a Future That Works. The Chicago Community Jobs Plan outlines our proposal to address Chicago’s jobs crisis by creating 40,000 new jobs for the city’s unemployed. The jobs plan would not only provide Chicagoans with living wage, full-time jobs that match their existing skills and experience, but would serve as an investment in our communities, making them safer, stronger and more vibrant.

View the Plan.