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How Multinational Companies Actually Re-Wrote Britain's Tax Code
We live in austere times, and yet the budget this week will be a bonanza for big business. For all the chancellor's rhetoric about clamping down on tax dodging as a quid pro quo for abandoning the 50p...
View ArticleA Bunch Of Mega-Corporations Want To Kill Corporate Tax Reform
This post originally appeared at The Fiscal Times. On the surface, large, publicly traded, U.S. firms appear united in their desire to push for a lower marginal tax rate on their profits as part of a...
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DAN PRIMACK: Here's The Private Equity Industry's Worst Enemy
It's obvious that the private equity industry believes it's in danger. Here's one clue: Its lobby group, the Private Equity Growth Capital Council, has launched a whole campaign to convince America of...
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A New Study Shows How Mitt Romney's Plan Raises Taxes For The Middle Class,...
Mitt Romney's plan revamping the tax code would end up cutting taxes for the richest 5 percent of Americans and raising taxes on everyone else, according to new independent study from the Brookings...
View ArticleWATCH: Stephen Colbert Sacrifices A Baby For Grover Norquist
Stephen Colbert used a baby to demonstrate the power of tax reformer Grover Norquist and the "looming fiscal cliff" on a segment of The Colbert Report Wednesday. "Virtually every Republican in...
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Here Are The Three Big Plans Congress Has To Cut The Deficit
There's a rising tenor in Washington about finding a new way to handle taxation. To put it simply, deficits are increasing, the national debt is rising, and tax revenue isn't increasing. So it looks...
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Chuck Schumer's Tax Reform Plan Is Only Making Things Worse
I don’t see how Sen. Chuck Schumer’s speech on tax reform yesterday helped anything — other than providing further clarity on how Democrats are going to try and deal with the exploding national debt:...
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Another Study Tried And Failed To Undermine The Romney Tax Plan
Here we ago. Another study attempts to show that it’s pretty much impossible to pay for marginal tax rate cuts by broadening the tax base (via Bloomberg Business Week): Immediate repeal of some of the...
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Bill Clinton Is Wrong About Romney's Tax Plan
Business Insider’s Henry Blodget: Well, we’ve taken a hard look at this plan, and we just can’t make the numbers work. Even when making very pro-Romney assumptions about growth and loophole...
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Another Reason The Tax Code Is Much Sweeter If Someone Gives You Your First...
Earlier this week I posted about how the tax code incentivizes you toward the old-fashioned way to make your first $5 million: Inherit it.That’s because, at least until December 31st, the first $5...
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CHART: The US Has One Of The Lowest Tax Rates In The Developed World
By many measures, the U.S. has high tax rates relative to the rest of the world.But measured against GDP, the U.S. tax rate actually seems quite low.From BlackRock:Benjamin Franklin was right when he...
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Letting Bush-Era Tax Cuts Expire Won't Make Tax Reform Any Easier
My great pal Tony Fratto over at Hamilton Place Strategies is talking up the “benefits to allowing my favored Bush income tax rates to expire and return to Clinton-era tax rates for everyone.”While...
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10 Tax Laws That Are Holding The Economy Back
If you watch the budget battles in Washington, it might appear the only discussion about taxes is whether they should be increased, cut, or kept where they are. But policy experts are engaged in a tax...
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Four Reasons Why It'll Be Almost Impossible To Reform The Tax Code
Is tax reform impossible? That’s a depressing topic to address on Tax Day, particularly since I’ve spent the past 20 years pushing for tax reform.I hate to think that my life has been wasted, but let’s...
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Obama's Latest 'Grand Bargain' Proposal Isn't Much Of A Bargain At All
This afternoon, President Barack Obama gave the second of seven (seven!) planned economic policy speeches this summer.Today's focus was a "grand bargain for middle-class jobs." But it's not clear who...
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Senator Max Baucus Has A Plan For Fixing The Corporate Tax System — Here's...
Senate Finance Committee Chairman Max Baucus (D-MT) has been working diligently in recent months in anticipation of an overhaul of the U.S. tax code.In recent weeks though, momentum for tax reform has...
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6 Reasons To Just Totally Eliminate The Corporate Income Tax
Senate Finance Committee Chairman Max Baucus released a draft proposal yesterday for reforming the U.S. corporate tax code. In it, he proposed lowering the current corporate rate from 35% to less than...
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Wall Street Donors Ditched The Republican Behind The New Tax Reform Bill
How does a Republican dare to stand up to Wall Street and propose a tax bill that slaughters some if the industry's sacred cows?They stop getting Wall Street money.At least that's how it appears it...
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Why The Sweeping Tax Reform Proposal Is Already Doomed
The latest sweeping attempt at tax reform wasn't just dead upon its arrival, which is scheduled for Wednesday afternoon. In the words of former Bush administration official Tony Fratto, it was dead...
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Here's One Republican's Sweeping Plan To Overhaul America's Tax System
Michigan Rep. Dave Camp, the Republican chair of the House Ways and Means Committee, introduced on Wednesday the draft discussion of a plan to overhaul the nation's tax code.The proposal, though...
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