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Wednesday, November 2, 2011

Taxes

News                                                                                                                             
Bloomberg | Break-Free Corporate Tax Code Falls Shy of Republican Rate Goal
Scrapping almost every existing corporate tax break -- including those for domestic manufacturers, the energy sector and accelerated write-offs of equipment -- would generate enough revenue to lower the corporate tax rate to 28 percent, according to the congressional Joint Committee on Taxation.
Fox News | Colorado Voters Reject Proposed Tax Hike for Schools
Proposition 103 would have raised state taxes to generate $2.9 billion for public schools and colleges over the next five years. It was losing 64 percent to 36 percent with most ballots counted. 
National Journal | Are Multinational Corporations Unfairly Taxed?
At a time when protesters are demanding government action to stem inequality and Washington is grappling with the national debt, two influential tax experts have released a report defending huge U.S. multinational corporations against booming tax rates.

Reports                                                                                                                         
SSRN | Cartelizing Taxes: Understanding the OECD’s Campaign Against 'Harmful Tax Competition'
We conclude that the project against tax competition is an example of the interplay between the interests of politicians and international bureaucrats, which illustrates the role international organizations play in competition among interest groups.