LIFT stands for "Let's Invest for Tomorrow," but as Citizens For Tax Justice (CTJ) points out, it really ought to be called LIE, for "Let's Invest Elsewhere."
How can such a good and timely idea remain so obscure at a time like this? Perhaps Speaker Boehner and the president, in an effort to give something to everyone, should include something along these lines in their Grand Bargain next week.
Repatriation holidays create vicious cycles. The first repatriation opens up the door to the possibility of avoiding taxes altogether, creating an expectation.
Apple has a bone to pick with the U.S. and its tax laws. Apple's CFO Peter Oppenheimer slammed U.S. tax policy on overseas profits as part of a hi...
Huge U.S. corporations are forming lobbying groups to try to influence what could become the hottest congressional debate over comprehensive tax r...
Multinational corporations likely have the means to invest the offshore profits in the U.S. without a tax holiday that they're billing as a job creato...
Have the Republicans in Congress painted themselves into a corner on taxes? They seem to be in the position of choosing between a number of courses of action, most of which would normally be seen as going against their principles.
Any economic benefit that might result from a U.S. tax holiday for overseas corporate profits could be muted, or even reversed, if it strengthened...
Have you heard about the "tax holiday" idea? The idea is to let corporations bring overseas profits back to the United States at a very low tax rate....
A tax holiday for massive repatriation without any jobs requirement would be a massive bonus rewarding American companies for exporting American jobs and outsourcing American prosperity.
WASHINGTON -- Even as protesters fed up with corporate power are occupying Wall Street, Congress is rushing to oblige it. In an iconic example of h...
More money doesn't always mean more jobs. Take when the U.S. government last imposed a tax holiday on offshore profits in 2004. Those companies that b...
Companies have parked huge amounts of profits -- a stash totaling more than $1.4 trillion --in offshore tax havens. They've stowed those funds abroad primarily to avoid having to pay federal taxes on that income. But now they want to bring their treasure to the U.S.
The Heritage Foundation, a conservative think tank, has changed its position on giving U.S. companies a tax break on overseas profits. The organiz...
I’ve been in and out of DC a few times in recent weeks and one thing I keep hearing is that there is a growing, and real, possibility that a second ...
This post has been corrected. As the deadline to strike a deal on the debt ceiling draws closer, former president Bill Clinton criticized the natio...
This post has been corrected. Thomas Lee, chief equity strategist at JPMorgan, would really, really like a tax repatriation holiday. Lee release...
America must become again a nation of job-producing patriotic capitalists. "Made in the USA" should be a clarion call with a resounding echo heard in Washington.
Rahm Emanuel has a proposition. A grand one, for big business, big unions, and Congress: let a corporate income tax holiday pay for a national infrast...
WASHINGTON -- Debra Ruh runs TecAccess, a small business that works with large companies and the federal government to help make their tech products a...
A group of multinational corporations is facing off against the Treasury Department over a massive tax holiday that the companies say could spur the e...
Hoping to turn the spotlight one more time on their efforts to solve the jobs crisis, Senate Democrats are planning to vote on a payroll tax incentive...
Today kicks off the first tax holiday for the back-to-school shopping season, but low consumer morale may end up causing a further drain on state gove...
Mainstream media did a poor job telling the story about how almost 70% of America's largest multinational corporations paid zero ...
Unfortunately these questions remain largely unanswered, almost two months after the last debate.
