Nations must have larger interests at heart than the narrow arbitrage interests of corporations that act like economic pirates. You can pay the ransom, but they'll still make you walk the plank
Inversions occur when U.S. companies buy out usually smaller, foreign corporations and reincorporate in another country to avoid U.S. corporate taxes. For example, Walgreens, the uber-American drugstore with deep roots in Illinois, has begun the process of merging with a Swiss company.
he process of debating and revising Jefferson's declaration continued on July 3 and into the late morning of July 4. In the evening of July 4, 1776, the Second Continental Congress "unanimously" approved the final wording of the Declaration of Independence.
The federal Highway Trust Fund is running out of money, and some senators have proposed to fix the problem by raising gas taxes. This, however, is the wrong solution because it treats the symptom, and not the underlying reason for the shortfall.
When the annual reckoning with the IRS rolls around, their willingness to help out entitles them to write-offs for unreimbursed expenses incurred while they do volunteer work for rescue groups like the Humane Society of the U.S and the ASPCA.
The courts often have to resolve the troublesome question of whether a tax-free "gift" was actually a payment for services rendered. Not surprisingly, the question has come up when the IRS insisted on its share of sizable amounts received by women from men who weren't their husbands.
Athletes and other instant millionaires, who haven't adopted the strategies of the wealthy, often find themselves broke within a few years of their windfall. Meanwhile, many American aristocrats preserve their estates through the centuries. What do the wealthy know that you don't?
Every year, one in 10 of us receives the dreaded letter. You know the one -- and you probably don't want to open it: the IRS requesting more information about your finances.
The addition of this new health care tax will add to the operating costs of the small business community in Washington, D.C. It's not unreasonable to assume that this new tax on health insurance carriers is going to be passed along to the individual policyholder's premium costs.
Akin to the suffering of middle class and poor families in these difficult economic times, the one percent are struggling as well behind their gilded ...
The thing that's so weird about procrastination is that everybody knows it doesn't get you where you want to go -- yet we still do it. And procrastination doesn't even feel good.
I highlight three key findings from our study -- the full 2014 WalletHub Tax Fairness Survey includes detailed analysis of attitudes and opinions towards a range of tax policy questions.
Rules related to small businesses are complicated and can be scary. Deductions, and credits and other tax benefits -- OH MY. Where do you start? Firs...
Like a bad penny, this tax repatriation idea just keeps coming back. You know, the one where you offer a bribe to multinational corporations in the form of a big tax cut to "repatriate" their foreign earnings.
Over half of the Fortune 500 companies in this country made a profit every year between 2008 and 2012. Yet together, those companies dodged a combined $73.1 billion in state income taxes.
With all due respect to Sen. McCain, I have a different take on this. I, too, am outraged by the lack of care that many of our veterans have received, but I'm not at all bewildered by it. In fact, I saw it coming for years.