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Tuesday, March 6, 2012

Taxes

Econ Comments & Analysis                                                                                            
National Journal | Multinational U.S. Corporations Exploited Tax System
American multinational corporations manipulated the international tax system to avoid as much as $3.5 billion in taxes over the past two decades, according to a study released on Monday.
CBO | The Earned Income Tax Credit and Expected Social Security Retirement Benefits Among Low-Income Women: Working Paper 2012-6
In this study, we examine whether expansions in the EITC are likely to lead to increases in Social Security retirement benefits for less-educated women (those likely to be affected by the EITC) by increasing their employment and earnings when young.

Blogs                                                                                                                             
Tax Foundation | U.S. Corporate Income Taxes: Countdown to #1
With the U.S. corporate income tax rate soon to become the highest in the developed world, a lot of people are drawing attention to the resulting impacts on workers, consumers, and investors.
Economist | OPEC and Uncle Sam
Estimates of the effects of higher gasoline taxes often rely on the estimated gasoline demand elasticity with respect to gasoline prices, with an implicit assumption that consumers respond to a change in gasoline taxes in the same way as they respond to a commensurate change in tax-exclusive gasoline prices.