Trend Results : Closing Tax Loopholes

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'Orphan drug' loophole needs closing, Johns Hopkins researchers say

Health experts at Johns Hopkins Medicine are calling on lawmakers and regulators to close loopholes in the Orphan Drug Act they claim give drug companies millions of dollars in unintended and misplaced subsidies and tax breaks and fuel skyrocketing medication costs. read more

BP Could Get A Huge Tax Break On Its Oil Spill Settlement

Legislators are calling on the Department of Justice to close this loophole. The post BP Could Get A Huge Tax Break On Its Oil Spill Settlement appeared first on ThinkProgress.

G-20 To Adopt Corporate Tax Overhaul

Wall Street Journal, G-20 Leaders Set to Approve Overhaul of Corporate-Tax Rules: A push to close international corporate-tax loopholes is expected to spur competition for lower rates overseas and increase pressure in Washington for a bipartisan deal to revamp the corporate-tax code. Leaders from the Group of 20 largest economies,...

Bernie Sanders Less Of A Socialist Than Dwight Eisenhower !

As I write this the Democratic debate is still going on, but they seem to have covered the tax part.  There was not a lot there. Hillary Clinton said that the middle class needs to be paying less and that she would close loopholes and eliminate some deductions.  Go to [...]

Raising Revenues Must Be Central Goal of Budget Talks

Budgets are made up of spending and revenue. But budget negotiators in Washington are talking only about what spending to cut, not what revenue to raise--even though there are gaping tax loopholes to close. Closing them would eliminate...Show More Summary

Trump can only name 1 tax loophole he’d close

Appearing on FOX News just one week after boycotting the network, Donald Trump was stumped to name any tax loopholes beyond carried interest that his tax...

A Flaring Shame: Obama Could Close Gas Flaring Loophole, But Will He?

This is a guest post by Lukas Ross from Friends of the Earth.  Big Oil has been subsidized to the hilt for over a hundred years. In the U.S. the spoils include everything from special interest tax breaks and accounting gimmicks to royalty-free leasing and government sponsored R&D. Show More Summary

As Trump threatens to tax rich, lobbyists gear up to fight back

Donald Trump is threatening to release a tax plan that will make the “hedge fund guys” angry with him, because it will require them to “pay more.” Jeb Bush’s tax plan closes the “carried interest” loophole, which allows investment income to be taxed at a lower rate. Bush’s overall plan would give a huge windfall […]

WATCH: New Documentary and New York Mayor Push for Closing Hedgefund Tax Loophole to Fund Schools

As kids go back to school, Mayor de Blasio insists the rich should "pay their fair share" to improve education. Thursday afternoon, Mayor de Blasio and Brave New Film's Robert Greenwald presented a short film, Hedge Fund Billionaires vs. Show More Summary

Jeb! tax proposal could grow the national debt by $3.4 trillion ... sound familiar?

3 months agoUS Politics / Liberal : Daily Kos

Dude, your like my shadow. Jeb! unveiled his tax proposal Wednesday and, for a millisecond, it looked like he might "close loopholes" and "raise taxes" (gulp) on rich people (gasp). Conservative anti-tax activists were worried by his...Show More Summary

Jeb Bush’s Tax Plan Would Slash Rates While Closing Some Loopholes

3 months agoNews : NYTimes: News

Mr. Bush proposed to eliminate some tax brackets and curtail valuable deductions and the carried interest tax loophole that have enriched investment managers for years.

Robert Reich: Corporate Welfare is Ravaging American Taxpayers

This loophole must be closed. Corporate welfare is often camouflaged in taxes that seem neutral on their face but give windfalls to big entrenched corporations at the expense of average people and small businesses. Take a look at commercial property taxes in California, for example. Show More Summary

Why the absence of oversight on California's clean energy job fund?

When voters endorsed Proposition 39 in 2012, they did so with the best of intentions. The measure closed a corporate tax loophole that had deprived the general fund of desperately needed cash - an estimated $1 billion a year - and had encouraged multistate companies to locate jobs outside of California.

Bernie Sanders Calls For 65% Top Estate Tax Rate

Sanders' "responsible" estate tax has a $3.5 million exemption, top 65% rate, and closes "loopholes" like GRATs, dynasty trusts, even annual exclusion gifting.

News Roundup & Open Thread for June 22, 2015

Jerseynomics Close loopholes that let multinational companies shift profits to other countries: Lesniak says that's a way to add money to the budget without raising taxes. Smack up against the deadline: Today, legislative Dems expect to introduce their alternative budget, get it passed and on the Gov's desk by Thursday. Show More Summary

Closing A Tax Loophole For Amazon Accidentally Hits Self-Published Authors Hardest

6 months agoArts : Modern Art Notes

“All fair and square? Not really. For microbusinesses faced with the job of calculating myriad tax rates, the new regime is an administrative nightmare.”

Obama targets hedge funds in personal remarks on poverty, race

By Jeff Mason WASHINGTON (Reuters) - President Barack Obama addressed U.S. struggles with class and race in personal terms on Tuesday and renewed his call to close tax loopholes enjoyed by wealthy hedge fund managers as a way to reduce poverty among Americans. Show More Summary

NY Times: Investors Race To Do Like-Kind Exchanges Of Art As Obama Proposes Closing Section 1031 Loophole

New York Times, Tax Break Used by Investors in Flipping Art Faces Scrutiny: Introduced in the 1920s to ease the tax burden of farmers who wanted to swap property, it soon became a tool for real estate investors flipping, say, office buildings for shopping malls. Now, this little-known provision in...

Hockey warned of tax crackdown without OECD support

8 months agoTechnology / Apple : ZDNet Apple

As Australia's Treasurer Joe Hockey makes plans to broaden the country's GST to include downloaded content, he has been warned against unilaterally closing tax loopholes for multinational companies without the support of the OECD.

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