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Wednesday, October 26, 2011

Taxes

News                                                                                                                             
Bloomberg | Camp Territorial Plan Exempts 95% of Offshore Profits From Tax
It’s a slice of the broader rewrite of individual and corporate U.S. tax laws Camp is seeking.

Econ Comments                                                                                                             
Fox Business | Flat Tax Center Stage Again
This country has never tried a flat tax. The federal government two centuries ago tried national sales taxes, and it’s long had a progressive tax system that was first enacted during the Civil War in 1862.

Blogs                                                                                                                             
Heritage Foundation | Senate Finance Republican’s Tax Recommendations a Good Start
Their recommendations lay out the principles they’d like tax reform to adhere to: economic growth, fairness, simplicity, revenue neutrality, permanence, competitiveness, and savings and investment.