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NY Times: Pfizer Didn’t Need An Inversion To Avoid Paying U.S. Taxes

New York Times Deal Book: Pfizer Didn’t Need an Inversion to Avoid Paying U.S. Taxes, by Jeff Sommer: Pfizer’s declaration that it intends to merge with Allergan and cut taxes by moving its tax home to Dublin from New York City has set off something of a furor. The deal,...

Spain's Rajoy vows to cut tax, create jobs if re-elected

MADRID (Reuters) - Spain's ruling party will cut income tax and create two million jobs over the next four years if re-elected next month, center-right Prime Minister Mariano Rajoy told a campaign rally on Saturday.

Personal finance Q&A: Tax refunds may take longer amid IRS budget cuts

Dear Liz: How long is too long for an IRS tax refund to be disbursed? I got my state tax refund in a matter of weeks. The IRS refund has been "under review" for almost five months. Answer: A sizable surge in tax refund theft as well as a database breach that exposed more than 300,000 taxpayers'...

A form of political storytelling that comes without delivery is also part of ‘the narrative’…

12 hours agoNews : Slugger O'Toole

Saturday morning, so this is just brief and in passing… First this from our own IJP… SF said changed "no one loses out" position after tax credit cuts, which aren't now happening. Are we all just too polite to mention this?! — Ian James Parsley (@ianjamesparsley) November 27, 2015 Well, it gets a mention here, more...

George Osborne's desperate quest for cash could move Whitehall to Croydon

At Wednesday's spending review, Chancellor George Osborne somehow managed to announce that his plan for deficit reduction is on track, escape embarrassment over a major u-turn on tax credits, and avoid cuts as deep as expected. But,Show More Summary

State sales taxes could cut into Black Friday savings

While some folks are starting to question whether Black Friday prices really translate to substantial savings, millions of people are still hitting the stores today because sales! Black Friday shoppers rushing into Macy's flagship New York store in 2012. Show More Summary

Time to Cut Aldercreatures

As stated here and elsewhere, Chicago has way too many aldercreatures in relation to its population. This fractionalizes any sort of opposition to the mayor, costs taxpayers millions in corruption and tens of millions in taxes, fees, fines, overhead, etc....not to mention the cost of jailing a few every couple of years. Show More Summary

Cutbacks eyed for super tax breaks

Morrison mulls scale-back of tax breaks to help fund income tax cuts for workers.

Despite California's budget surplus, unions eye tax hikes

Here is one thing for California to be thankful for: The state treasury is overflowing with tax money. Long gone are the dark years of multibillion-dollar deficits — $42 billion in 2008 — and sharp cuts in state services, especially healthcare for the poor and education. Credit the recovering national...

Why the tax credit cuts had to go

In the peroration of his statement today, George Osborne declared that the Tories were ‘the mainstream representatives of the working… The post Why the tax credit cuts had to go appeared first on Spectator Blogs.

Osborne takes aim at the Opposition Parties.

3 days agoNews : Slugger O'Toole

AUTUMN STATEMENT: You have seen the news with commentators and business journalists pouring over Tax Credit changes and cuts to the Bloc Grant, but one cut that really caught my eye was this little gem buried in the Autumn Statement on Page 76 which is benignly titled “Reducing the Cost of Politics”

George Osborne’s Spending Review in six graphs

Politically, the story was George Osborne’s retreat on tax credit cuts: a wise retreat as this was an appalling idea.… The post George Osborne’s Spending Review in six graphs appeared first on Spectator Blogs.

Here's the real reason George Osborne just scrapped Tax Credit changes

The big news from Chancellor of the Exchequer George Osborne's Autumn Statement on Wednesday is that he is doing a massive U-turn on his plans to cut tax credits. The Chancellor said that he had listened to people's concerns and wouldn't make any cuts to in-work benefits. Show More Summary

Osborne Keeps Tax Credits, Sees Surplus by 2020

Britain's chancellor backs away from controversial tax reforms, but makes deep cuts elsewhere.

UK’s Osborne is less austere than he makes out

Finance minister George Osborne isn’t quite the budget zealot his Nov. 25 spending cuts suggest. The UK has run bigger deficits relative to GDP than France during his tenure. He has also executed tax and spending U-turns when required. It helps that gilt investors buy the hype.

UK Autumn Statement: small shift to tax-and-spend

The Chancellor defied claims that he was “boxed in”, finding room to abandon cuts to working tax credit, loosen the squeeze on departmental current spending and boost capital spending plans, while reducing cumulative borrowing and maintaining...Show More Summary

The middle-class economic squeeze is not about rising federal taxes

Policymakers and candidates for office have reacted to rising inequality and near-stagnant wages in recent decades by promising to either cut or hold the line on federal taxes for “middle-class” families (and they tend to define “middle-class” awfully liberally, often lumping in those with incomes higher than 98 percent of American households).

Much of the ‘new’ #FreshStart money is now no longer required…

3 days agoNews : Slugger O'Toole

So, no need for that new money to offset the cuts in Universal Tax Credit. George Osborne left it to the last minute and then deemed that the offset cash was not necessary because he wasn’t going to make the cuts anyway (with it goes the illusion of a better Stormont deal)… The Chancellor has more...


George Osborne just stood up to give the 2015 Autumn Statement in the House of Commons — it's an update to the government's tax and spending plans, and the economic projections it's relying on. The big news is that changes to tax credits...Show More Summary

Disentangling CAP Arguments against Tax Cuts for Capital Formation: Part 3

Part 3: Lower Tax Rates on Saving and Investment Discourage Saving and Investment This blog continues a discussion of a recent piece by the Center for American Progress, “Long-Termism or Lemons: The Role of Public Policy in Promoting Long-Term Investments,” by Marc Jarsulic, Brendan Duke, Michael Madowitz. Show More Summary

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