I've not paid much attention to the latest disturbance in the tax reform force: the zero-based plan by Senators Baucus and Hatch to wipe out all tax expenditures and insist that advocates argue the merits of each one if they want them put back in the tax code.
Can't the millionaires and billionaires on Wall Street for at least once stand on their own two feet? Jack Lew should tell Goldman Sachs and Jamie Dimon that they have to hire their own lobbyist if they want to protect their ability to do tax scams in Europe.
Food stamps help many families who've temporarily fallen on hard times, and about 60 percent of its recipients are in the program for only a year or less. Farmers, however, are multi-generation Federal subsidy junkies.
After years of creating rules that allow multinational corporations to shift profits and income to whatever jurisdiction they like, the OECD is now very concerned about base erosion. But just how concerned is the OECD about preventing BEPS, and does its position really matter?
Petitioning the media to change its budget reporting might be outside the standard scope of action among progressives, but it is a well-defined action that could make a real difference. Much of our budget debate today is complete nonsense in large part because the public is so poorly informed.
Although Apple has over $102.2 billion of profits offshore, it decided to borrow $17 billion to pay dividends because doing so was "tax advantaged." Does that give you an indication of how our tax policies have skewed the market?
While you can't get time spent on home improvements back, you can often get some of your dollars returned either at tax time or when you sell, provided that you track of all of your costs as you own and work on your home.
In 2012 Pfizer reported its worldwide effective tax rate was 21.2 percent. That is considerably lower than the U.S. statutory rate of 35 percent, but it is far above the single digit rate you might expect if Pfizer shifted most of its profits into tax havens.
Gary Schuster wants you to know about a simple proposal he has for health care. He thinks that with this proposal, taxpayers can save trillions of dollars.
America, land of the free! But not free health care. Pay up, you moocher! And if you should lose your job or if you're one of the millions of so-called underinsured ... bankruptcy.
As we celebrate small businesses this week, it's critical to reflect on their impact to our economy. Small firms account for half of private sector employment and have created two out of three net new jobs over the past couple decades.
In addition to identifying new businesses to audit, states have increased audit efforts in tax areas that had previously not been identified for an audit, including use tax, employment tax, and unclaimed property.
Could our U.S. lawmakers have acted as an apprentice sorcerer? Might it have opened the Pandora box? The next few months will certainly provide further interesting developments.
In this case the strong support of the public for these programs -- which cuts across party and demographic lines -- overcame the power of corporate money and the political elite. When push came to shove, not enough politicians were prepared to go against the strongly held views of their constituents.
The Senate bill already makes earning legal status extraordinarily difficult, lengthy, and expensive. What do we have to gain from adding unnecessary obstacles to legalization for families simply trying to come out of the shadows?
Reasonable people would agree that a bank having a history of involvement with fraud and mismanagement (and a recipient of one of the largest bank bailouts) shouldn't be writing bank legislation. Unless, of course, you are the U.S. Congress doing business as usual.