Tag: ‘United Kingdom’

Spending Cuts, Surpluses and Sales Opportunities

By :: March 18th, 2015

The House GOP Budget: No tax reform details. The House Budget Committee unveiled a budget with $5.5 trillion in spending cuts that promises balance by 2024. Committee Chairman Tom Price is confident the budget will pass the House this week. However, TPC’s Howard Gleckman says there is no chance it will become law. The budget […]

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Simplification, Shortfalls and Shifted Assets

By :: March 10th, 2015

Today on the Hill. The Senate Finance Committee examines tax complexity, compliance, and administration with an eye toward simplification in tax reform. Witnesses include Carol Markman of EP Caine & Associates, Mihir Desai of Harvard University, Bruce Bartlett, former deputy assistant secretary for economic policy, and T. Keith Fogg of Villanova University School of Law. […]

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On Tiny Steps, King Edward, and Hidden Assets

By :: March 4th, 2015

Tax reform: Go big or go home, or at least, not very far. TPC’s Len Burman says that senators Marco Rubio’s and Mike Lee’s proposal to eliminate the tax on capital gains would do more harm than good. The senators argue that it’s a step toward a consumption tax. But Len thinks some small steps […]

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Last Minute, or Second- or Third-to-Last Minute, Deals Before the Holidays

By :: December 10th, 2014

Congress blows yet another budget deadline. After missing its chance to approve a spending bill to keep the government running after Thursday, Congress is now planning to vote this week on a very short-term continuing resolution—one good for just a few days. The measure  is designed to keep the government open and buy some time […]

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What You Get for the Money: Will It Be What You Need?

By :: December 4th, 2014

Tax Expirers: On to the Senate. On a roughly party-line vote, the House restored 55 expired tax provisions and extended them for… three weeks. Now the Senate gets to decide whether to go along or to amend the bill, most likely by extending the measures through 2015. And the world turns… Shouldn’t Congress comparison-shop before […]

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Is Corporate Tax Reform Realistic?

By :: May 19th, 2011

This morning, a panel of veteran international tax experts tried to put the U.S. struggle to fix its corporate tax system in broader perspective. Unfortunately, they concluded that the U.S. is lagging well behind the rest of the world in corporate reform and, worse, the odds of any serious progress anytime soon are slim. The […]

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