Tag: ‘Apple’

A Major Gift for TPC, Money Forsaken by Taxpayers, Or Given in Error

By :: May 6th, 2015

A transformative gift for TPC. The Urban-Brookings Tax Policy Center has established the Pozen Director’s Chair, thanks to a major gift from Robert C. Pozen. “I am glad to support… one of the few American organizations that consistently provides nonpartisan and thoughtful analysis of current tax issues.” He told The Boston Globe, “It sounds esoteric […]

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Plans, Priorities and Promises

By :: April 30th, 2015

The GOP calls for Affordable Care Act repeal in its budget resolution. The 10-year plan would cut planned spending by more than $5 trillion, retain the $1.017 trillion sequestration budget ceiling for 2016, and increase off-budget military spending. It would also use budget reconciliation to try to repeal the ACA. The plan is non-binding, but […]

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Pressure, Power, and a New View on Cuts

By :: September 29th, 2014

Congress is in recess through the mid-term elections. Read the Daily Deduction each Monday until then.  Apple’s new products might not bend, but its tax deals are under some pressure. Later today, the European Union’s European Commission is expected to release its opening decision on Apple’s 1991 and 2007 deals with the Irish government: They […]

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Are Tax Inversions Really Unpatriotic?

By :: July 29th, 2014

President Obama and many congressional Democrats argue that U.S.-based multinational firms are being unpatriotic by moving their corporate addresses overseas in order to reduce their taxes. Obama even implied they are “corporate deserters.” These are powerful, emotionally-charged allegations. But are they fair? Is it unpatriotic to maximize tax savings? After all, companies and individuals do […]

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Apple, Phantoms, Roads, and Debt

By :: June 11th, 2014

Is the EU about to grab the Holy Grail? The European Union plans to launch a formal investigation into Apple’s tax arrangements in Ireland—described by Senator Carl Levin (D-MI) as “the Holy Grail of tax avoidance,” Reuters reports. The US Senate determined that Apple had cut billions from its US tax bill by giving affiliates […]

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The OECD’s International Tax Plan: The First Step on a Long Road

By :: July 23rd, 2013

Last week, the OECD proposed a major new initiative aimed at cracking down on tax avoidance by multinational corporations. The 40-page report follows widespread international criticism of aggressive tax planning by high-profile U.S.-based firms such as Starbucks, Apple, and Google. The OECD report, called the Action Plan on Base Erosion and Profit Shifting, makes 15 recommendations […]

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Why A Repatriation Tax Holiday is Still a Bad Idea

By :: October 13th, 2011

In another one of those bad ideas that never seem to go away, Congress may be about to grant a huge tax break to multinational companies that have stashed earnings in their foreign subsidiaries. A temporary tax holiday for firms that return those profits to the United States is the latest evidence that bipartisanship is […]

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