Tag: ‘corporate taxes’

Does Treasury Have the Legal Authority To Curb Tax Inversions?

By :: September 22nd, 2014

While we wait to see how and when the Obama Administration will use its executive authority to curb the use of corporate tax inversions, the debate continues over whether Treasury even has the power to limit the practice. In a new article in Tax Notes, Tax Policy Center senior fellow Steve Rosenthal minces no words: […]

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Is It Time to Repeal The Corporate Income Tax?

By :: September 4th, 2014

In case you missed it, The New York Times’ political and policy blog The Upshot published a fascinating debate throughout August on the question: Should the corporate income tax be abolished? It’s a query that may be raised on Monday morning, when Treasury Secretary Jack Lew speaks at the Tax Policy Center on business tax […]

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Could The U.S. Fix Taxation of Multinational Corporations With A Sales-Based Formula?

By :: August 26th, 2014

Corporate inversions have been the topic of the summer for tax wonks (beats jellyfish and beach traffic, I suppose), but the issue is a classic bit of Washington misdirection. Instead of focusing on the real disease—an increasingly dysfunctional corporate income tax—we are obsessing over a symptom—firms such as Burger King engaging in self-help reform by […]

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How REIT Spinoffs Will Further Erode the Corporate Tax Base

By :: July 31st, 2014

While Congress has been obsessing about tax inversions, it turns out another—potentially more important–tax avoidance technique is getting increased attention from the business community: Spinning off tangible assets into Real Estate Investment Trusts (REITs). If these deals become widespread, they’d be another nail in the coffin of the corporate income tax. Multinational firms already slash […]

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New TPC Analysis: What Dave Camp's Tax Reform Plan Would Really Mean

By :: July 8th, 2014

In an extensive new analysis of House Ways & Means Committee Chair Dave Camp’s tax reform plan, my Tax Policy Center colleagues confirm his proposal would raise about the same amount of money over 10 years as current law and impose roughly the same tax burden across income groups as today’s revenue code. TPC also concluded that Camp’s […]

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Three Options for Better Climate Policy

By :: May 28th, 2014

Thanks to a 2007 Supreme Court ruling that greenhouse gases are air pollutants under the Clean Air Act, the Environmental Protection Agency has to do something to control them. But the act is ill-suited to controlling a non-toxic global pollutant. The law requires the EPA to set separate emissions guidelines for each category of existing […]

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Turning Carbon Tax Theory Into Reality

By :: May 27th, 2014

A carbon tax has great appeal. It could reduce the risk of climate change by building emissions costs into market prices, thus discouraging the use of carbon-based fuels. And it would make a lot of revenue available for a broad range of purposes including reducing other taxes, new spending, or cutting the deficit. A nice […]

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Tax Chauvinism: Who Cares Where a Firm is Incorporated?

By :: May 20th, 2014

Following the recent offer by U.S drugmaker Pfizer to acquire British pharmaceutical firm AstraZeneca, congressional Democrats are proposing new limits on the ability of U.S.-based firms to establish foreign residence as a way to cut their U.S. corporate tax bill. Even before this latest flap, the Obama Administration proposed curbs on this practice, known as an […]

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Are Multinationals Getting Tired of Waiting for Corporate Tax Reform?

By :: May 15th, 2014

Is it possible that U.S.-based multinationals are getting tired of waiting for Congress to enact corporate tax reform? Seeking cash for domestic acquisitions, some of the nation’s best-known firms are starting to bring back their foreign earnings. Some are finding ways to avoid paying tax at all on that income. Others are so anxious to […]

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If Congress Lets Firms Expense Investments, It Should Take Away Their Interest Deduction

By :: April 17th, 2014

Egged on by business lobbyists, congressional tax writers seem increasingly interested in allowing firms to rapidly write off the cost of their capital investments. Especially in the House, lawmakers would allow small businesses to expense the full cost of their investments in the year they are acquired, and let larger firms heavily front-load tax depreciation […]

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