Tag: ‘Small Business’

Corporate Tax Reform: Not All About the Rates

By :: February 10th, 2015

About last year’s inversion rush… The US corporate tax rate, highest among industrialized nations at 35 percent, was driving companies to switch mailing addresses in return for lower tax rates, right? Not so fast. A Reuters analysis finds that the taxes paid by the six largest inversion-seeking companies had already been paying lower effective rates: […]

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Pass-Through Firms Report $800 Billion in Net Income, Can’t Be Ignored in Business Tax Reform

By :: October 2nd, 2014

Washington is going through another one of its periodic calls for business tax reform. But new research by my Tax Policy Center colleague Joe Rosenberg shows just how hard it is to separate business taxation from the individual tax code. And it should serve as a warning to those who think Congress can enact corporate tax […]

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Making State and Local Taxes “Friendly” to Small Businesses

By :: June 19th, 2014

Small business owners are more concerned with the complexity of state and local tax laws than with the amount of tax they pay, according to a recent survey conducted by Thumbtack.com in partnership with the Ewing Marion Kaufman Foundation. Aside from economic conditions, small business owners’ perception of the ease of compliance with licensing, regulatory, […]

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Seven Tax Issues Facing Small Business

By :: April 9th, 2014

Today I had the chance to testify before the House Small Business Committee on the many tax issues facing small business. Here are my opening remarks. You can find my full testimony here. America’s tax system is needlessly complex, economically harmful, and often unfair. Despite recent revenue gains, it likely will not raise enough money […]

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Tax Policy Should Consider New Business, Not Small Business

By :: April 8th, 2013

Small businesses occupy an iconic place in the public policy debate and benefit from a broad range of tax and spending subsidies. But the economic issues surrounding small businesses and innovation are complex and nuanced, and not well understood.  We are learning, however, that  if Congress wants to encourage risk-taking, it may be better off […]

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The very unRepublican Small Business Tax Cut

By :: April 24th, 2012

My Tax Policy Center colleague Eric Toder and I are mystified by how unRepublican the House GOP’s Small Business Tax Cut Act really is. Sure, cutting taxes for businesses and high-income individuals is very much part of the Republican playbook these days. But the mechanics of this one seem to fly in the face of […]

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Small Business and Taxes: Not What You Think

By :: September 27th, 2011

In the politics of taxation, nothing may be more controversial than the hot-button issue of small business. But important new research by career staffers at the Treasury Department concludes that there are lots fewer of these firms than many think, they account for only about 17 percent of total business income, and  hire many fewer […]

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Six Thoughts on Taxes and Small Business

By :: March 3rd, 2011

This morning I appeared at hearing of the Select Revenue Measures Subcommittee of the House Ways and Means Committee on “Small Businesses and Tax Reform.” My full testimony, “Tax Policy and Small Business,” is available here. My opening statement: America’s tax system is needlessly complex, economically harmful, and often unfair. Because of a plethora of […]

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