It’s apparently time to pay your fair share. Obama wants to close the pesky tax loophole that’s allowed rich professionals, like lawyers, to get away with being rich professionals for so long. [Legal Times] On this episode of As the...Show More Summary
Shirley S. Pan (J.D. 2014, Boston University), Note, Closing the Gaps and Loopholes: Analyzing Tax Exemption of Non-profit Hospital Joint Ventures After the Affordable Care Act, 39 Am. J.L. & Med. 671 (2013). Robert Singleton (J.D. 2012, University of St. Thomas), Note, Question: Who Says $20 Million Dollars Isn't Substantial?...
Remember the Republican promises about comprehensive tax reform? A flatter simple tax code. Lower rates, paid for by closing loopholes. Well, never mind. For years, Republican candidates have pledged comprehensive tax reform that would offer lower rates paid for by closing loopholes. Show More Summary
Alan Reynolds The bad habit of defining “tax reform” in terms of fairness or “closing loopholes” sidesteps the most essential task of effective tax policy – namely, to collect taxes in ways that do the least possible damage to incentives...Show More Summary
On Wednesday, Sen. Elizabeth Warren (D-Mass.) called on her colleagues in the Senate to reduce interest rates for Americans crushed by student loan debt, and pay for it by closing tax loopholes for the rich. Last summer, after a rancorous...Show More Summary
Corporate tax liability currently stops at the "water's edge" in most states, but it doesn't have to. The post States Could Haul In A Billion Dollars By Closing One Tax Loophole appeared first on ThinkProgress.
Senate Democrats killed an amendment from Sen. Kelly Ayotte (R-NH) that would have paid for unemployment benefits for many Americans and replaced recent cuts to veterans’ pensions by closing a tax code loophole that allows illegal aliens to access the Refundable Child Tax Credit. Show More Summary
Sen. Carl Levin (D-MI) announced Tuesday he would vote in favor of a plan that would replace the pension cuts to military veterans contained in the budget deal struck in late 2013 with savings from closing a loophole that allows illegal aliens access to the Refundable Child Tax Credit. Show More Summary
LONDON (Reuters) - The British government said it plans to close tax loopholes used by hedge fund managers as it seeks to show it is forcing the rich to share the burden of tough austerity measures.
Emily Cauble (DePaul), Was Blackstone's Initial Public Offering Too Good to Be True?: A Case Study in Closing Loopholes in the Partnership Tax Allocation Rules, 14 Fla. Tax Rev. 153 (2013): Typically publicly-traded entities must be treated as corporations for tax purposes. Blackstone Group LP is publicly traded; yet, it...
Small beer is perhaps too kind a term for the prosaic proposals being batted around by New York Governor Andrew M. Cuomo's tax reform commission: close loopholes, broaden the base, modernize collection of property taxes, stop taxing retirement income. Show More Summary
WASHINGTON (AP) — Democrats' new mantra in budget talks is to close tax loopholes for certain businesses, investors and professionals as a way to raise more revenue to help ease autopilot spending cuts that soon are to become more painful.
Senate Democrats are circulating a list of a dozen tax “loopholes” they’d like to close as part of a budget package. It is unlikely that Republicans will agree to any of them except as part of broad tax reform, but it is worth taking a quick look at a few on their merits. Some represent […]
Twitter didn't make a bunch of dudes "paper" billionaires today without a helping hand from the government. But Senators John McCain and Carl Levin decided this is the week to burst their IPO bubble. The stock option tax loophole that let Twitter take an estimated $154 million tax deduction, they declare, "ought to be closed." Read more...
How states should tax Internet sales is one of the hottest issues in state legislatures today, as cash-strapped states look to close perceived loopholes and put more money in their coffers. Over the past few years, several states such...Show More Summary
Rep. Paul Ryan (R-WI) With budget negotiations coming up in Congress, Democrats are looking to end sequestration by getting new revenue through sources like closing corporate tax loopholes. However: “If this conference is used as anShow More Summary
A year after closing the "Amazon loophole," California is generating millions in online sales tax revenue. The post California’s Online Sales Tax Is Bringing In Millions Of Dollars appeared first on ThinkProgress.
WASHINGTON (Reuters) - U.S. Treasury Secretary Jack Lew on Thursday said it was "crucial" to close wasteful loopholes in the tax code so the government could invest more in manufacturing and education.
Bloomberg Businessweek, McCain Says Questions Remain as Irish Calm Apple Controversy Forbes, Ireland To Close Apple's Tax Break, Not That It Will Make The Slightest Difference To Anything At All New York Times, Ireland’s Government Says It Will Curb a Tax Strategy That Faced U.S. Scrutiny Reuters, Ireland to Close...