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Friday, August 5, 2011

Taxes

Econ Comments                                                                                                             
WSJ | Tax Reform's Moment?
Where else is the growth going to come from?
WSJ | A City Upended by Unions
Central Falls's receiver raised taxes, which drove people out of town.

Blogs                                                                                                                             
Marginal Revolution | Ukraine Modigliani-Miller tax arbitrage
Today I received some tax saving wisdom from a taxi driver in Ukraine. He told me that people who import cars to Ukraine sometimes cut the car in two separate pieces and carry it through the customs this way. By doing this, they save a fortune on import tax. A car carried in two pieces is seen as spare parts and therefore is taxed at a much lower rate than a normal car.