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Thursday, November 3, 2011

Taxes

News                                                                                                                             
Washington Times | Bill would tax trading by investment firms
Financial industry sees harm to U.S.
CNN Money | Many companies pay no income taxes, study finds
The corporate tax rate is 35%. But an examination of 280 of the nation's largest corporations suggests that many aren't paying anything close to that.
USA Today | Taxes on foreigners raise cost of business in China
The tax requires foreigners to contribute to China's social welfare system for pension, medical, unemployment, work-injury and maternity benefits.

Econ Comments                                                                                                             
WSJ | 'A Killing Field for Tax Measures'
It's still a tea party in Colorado.

Blogs                                                                                                                             
American: Enterprise Blog | Why the Tax Policy Center is wrong: The U.S. can slash its corporate tax rate
My advice to congressional tax cutters is to cut the corporate rate whether or not they can “pay” for it.  And to at least 26 percent.
American: Enterprise Blog | United States united on a key tax issue
What’s especially interesting about the report Jim highlights from TPC/JCT is that for all the talk these days about how divided the nation is—from red state to blue, from GOP to Democrats, from Occupy Wall Street to the Tea Party—one area of consensus involves cutting corporate tax rates.

Reports                                                                                                                         
NBER | Who Offers Tax-Based Business Development Incentives?
The evidence for 1999 indicates that communities are most likely to offer one or more of these business development incentives if their residents have low incomes, if they are located close to state borders, and if their states have troubled political cultures.