What’s so funny about taxes, love, and solidarity?

By :: February 3rd, 2016

A couple of weeks ago I donated six cases of water to our neighbors in Flint, Michigan. I’m not alone. In an outpouring of love and solidarity for a city that’s been stuck with poisoned tap water for two years, average Americans and big-name celebrities from across the country have donated millions of bottles of […]

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Tax Changes, almost from Sea to Shining Sea

By :: February 3rd, 2016

Some Oregon Democrats propose an alternative state corporate tax hike. They want to raise an additional $1 billion from business over the next two-year budget cycle to fund public education and cut personal income taxes. Their bill would replace the state’s corporate income tax with a commercial activity tax of 0.39 percent on a business’s […]

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The International Spitting Match Over the Google Tax Intensifies

By :: February 2nd, 2016

Call it the perils of one-off corporate tax settlements. While the developed world is trying—with limited success– to figure out how to tax multinational corporations, individual countries are making their own deals to collect back taxes with those firms. It is not a pretty sight. Last week, the UK reached a $187 million settlement with […]

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If you're not winning, you're... still running.

By :: February 2nd, 2016

Iowa voters surprise pollsters. Go figure. GOP candidate Ted Cruz won last night’s Iowa caucus, to the surprise of everybody, while Democratic candidate Hillary Clinton eked out a narrow victory, to the surprise of some. Does this mean Iowa Republicans like a value-added tax and Iowa Democrats want tax increases for the rich? In any case, […]

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Why are states letting the NFL rule their sales tax out of bounds?

By :: February 1st, 2016

According to the National Football League (NFL), Super Bowl tickets are the “Holy Grail” for football fans. One ticket to this year’s game in Santa Clara, California costs hundreds of dollars at face value and thousands on the secondary market. Some fans of the Carolina Panthers and Denver Broncos would pay anything for seats. So […]

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Changing Behavior, Scamming the Vulnerable

By :: February 1st, 2016

Will the Google-UK tax deal change corporate behavior? UK Business Secretary Sajid Javid says  the government has closed over 40 tax loopholes but that more work needs to be done. He expects the Google deal—a settlement in which the firm will pay the UK $185 million in back taxes—will help change companies’ attitudes about taxation. […]

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What Should We Do with the Money from Taxing “Bads”?

By :: January 29th, 2016

What do indoor tanning, shopping bags, junk food, alcoholic beverages, tobacco, “gas guzzling” cars, ozone-depleting chemicals, sugary drinks, marijuana, gasoline, coal, carbon-containing fuels, and financial transactions have in common? Taxes that discourage them. The United States taxes indoor tanning to reduce skin cancer, for example, while Washington DC taxes shopping bags to cut litter, and […]

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No Trump, No Problem.

By :: January 29th, 2016

Last night’s Trump-less debate left nobody speechless. There was little spoken, however, on the tax front. Good thing TPC has a cheat sheet on all things tax-related for the 2016 election. Google might owe taxes in Italy, too. Italian authorities believe that Google owes $247.5 million in back taxes between 2009 and 2013 and may assess hefty punitive fines. […]

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When Sharing is Caring… or Scary

By :: January 28th, 2016

There may be a Trump-less GOP presidential debate tonight. Will people care about the event without Donald Trump in attendance? Care or don’t care, watch or don’t watch—but do check out TPC’s scorecard of presidential candidates’ tax plans. First Google, now Facebook: The United Kingdom wants more back taxes. British authorities are auditing the social […]

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“Hello from the other side. I must have called a thousand times.”

By :: January 27th, 2016

Calling for corporate tax reform after another inversion, again. On the heels of the Johnson Controls/Tyco deal, Chairman of the Council of Economic Advisers Jason Furman reiterated a call for business tax reform. He thinks there is consensus on cutting the corporate rate, broadening the tax base, and reforming international taxation. Is that enough to […]

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