News
CNN Money | Swiss bankers charged in $1.2 billion tax fraud
Three Swiss bankers have been charged with helping American taxpayers hide more than $1.2 billion from the Internal Revenue Service, the U.S. Attorney's Office in Manhattan announced Tuesday.
WSJ | U.S. Tax Haul Trails Profit Surge
Here is one thing for deficit hawks to watch in 2012: corporate tax receipts. Although U.S. corporate profits have rebounded smartly since the financial crisis, the same can't be said for the tax take.
Econ Comments
WSJ | Will Republicans Hand the Left a VAT Victory?
Mitt Romney won't rule out the possibility of imposing a tax that's the fast track to a European welfare state.
Blogs
EconLog | The Interesting Political Economy of the Social Security Tax Cut
My Hoover colleague Paul Gregory has an interesting op/ed on how things would look if the media treated Republican congressmen the way they treat Democrats. He takes a New York Times story and rewrites it the way people who oppose the extension of unemployment benefits and of the payroll tax cut would like it to be reported. His piece is worth reading.
Daily Capitalist | A Politically Incorrect Look At Marginal Tax Rates
In my last piece, The Laffer Curve and Austrian Economics, I argued that the “Laffer Maxima” moves depending on where the economy is in the boom-bust credit cycle. I used an example of a marginal restaurant business in the bust phase, which fails when the income tax rate on the people who live nearby rises by 100 basis points.
