Los Angeles Times: Close Loopholes That Let U.S. Firms Avoid Taxes by Using Inversions, by Michael Hiltzik: It's both endearing and infuriating to watch American corporate executives wring their hands about how the injustices of the U.S. tax code are forcing them — forcing them! — to reincorporate overseas through...
It's both endearing and infuriating to watch American corporate executives wring their hands about how the injustices of the U.S. tax code are forcing them — forcing them! — to reincorporate overseas through the procedure known as inversion.
Some 1,500 Oregonians have signed a petition asking Oregon lawmakers to close a tax loophole used by some corporations to get around the state’s corporate minimum tax, allowing them to pay nothing in income taxes. The tax loophole is...Show More Summary
The president devoted today's regular address to closing corporate tax loopholes, especially loopholes that allow American companies to evade taxes by "renouncing their citizenship." Even as corporate profits are as high as ever, a small but growing group of big corporations are fleeing the country to get out of paying taxes. Show More Summary
Another Saturday, more populism attacks. Interestingly, he does suggest a Good Idea amongst his populist rhetoric Weekly Address: Closing Corporate Tax Loopholes In this week’s address, the President continued his call for our nation...Show More Summary
After blocking debate on a bill to close tax loopholes for companies that move overseas in 2012, Senate Republicans reversed course Wednesday. The post Senate Republicans Advance Key Part Of Obama’s Budget, Two Years Later appeared first on ThinkProgress.
Transportation Secretary Anthony Foxx and President Obama America's infrastructure—its bridges, roads, tunnels, sewer systems—is in dire need of repair and replacement. Tuesday afternoon, President Obama sounded the warning yet again,...Show More Summary
The European Union is closing a loophole that allows companies to shift their profits between different country divisions to avoid taxation. ||| Brussels - The European Union is closing a loophole that allows companies to shift their profits between different country divisions to avoid taxation. Show More Summary
It seems all of the sound and fury—and then nothing—surrounding whether to close the carried-interest loophole/raise taxes on hedge and private-equity fund managers may have been (it wasn’t), but was certainly unnecessary. Maybe. President Obama could change the tax treatment of carried interest with a phone call to the Treasury Department…. Show More Summary
As MSNBC's Ed Schultz and economist and writer David Cay Johnston discussed in the clip above, our tax system does need an overhaul, but not the kind that Republicans have been clamoring for. And of course this is DOA in the House: Democrats...Show More Summary
U.S. drug giant Pfizer's recent effort to merge with much smaller United Kingdom-based AstraZeneca, and then convert itself into a "U.K. company" and avoid U.S. corporate taxes -- even though its U.S. shareholders would continue to own...Show More Summary
From Melanie Mason at the LA Times: Howard Jarvis group won't oppose bill to close Prop. 13 loophole The legislation would eliminate the ability of businesses to elude higher property taxes by carving up ownership in commercial property purchases so no one has a majority stake. Show More Summary
WHEN HIGH TAXES CHASE COMPANIES AWAY: Close “loopholes” that allow them to move. That will totally work. Just ask any Worker’s paradise, from Zimbabwe to Venezuela.
The Australian Tax Office’s new luxury car tax laws (LCT) are now in force, following its successful bid to close a loophole in the controversial laws. Previously, dealers were able to lighten the load on customers with factory-backed...Show More Summary
Lamenting the fact that Walgreens is considering moving its headquarters to Europe, Dan Smith (“Close Corporate Tax Loopholes” April 20, 2014) makes the claim that corporate profits earned and kept overseas are “not being taxed.” Mr....Show More Summary
This is a change for the better that reverses a bit of tax code that never made sense to me. There is a loophole that taxes what you or I would look at as income to partners of an investment firm, and tax it at a capital gain rate. As the budget proposal states “Although […]
The recent UK budget is set to close a tax loophole, meaning the days of cheap online purchases on Steam and Amazon could be numbered.
The budget didn't bring tax breaks, and it may also bring about the end of the 69p game - and cheaper online purchases - by closing a sneaky tax loophole. The new budget means games and entertainment will be taxed according to the laws of the country they're bought in. Show More Summary
Buried within the recent Budget, it seems that UK Chancellor, George Osborne, has announced that digital content downloads will pay tax based on the country they are sold in. In other words all content from Google Play, Amazon, iTunes and so on, will be subject to the standard UK rate of VAT at 20%.
Have UK Apple users seen the end of 69p app downloads? Britain’s Chancellor of the Exchequer George Osborne has closed a tax loophole, which may result in iTunes and App Store prices in the UK rising by as much as … Read more ›