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Friday, July 27, 2012

Taxes

News                                                                                                                             
Daily Finance | 10 Everyday Items That Cost You Way More Thanks to U.S. Import Taxes
It might be said that America is a country built on tariffs. In 1790, Alexander Hamilton proposed The Act Laying Duties on Imports, which suggested imported goods should be more expensive to protect American industries.

Blogs                                                                                                                             
Tax Foundation | Grasping at Straws
Paul Krugman has challenged us once again on the veracity of our analysis, this time regarding income inequality
Tax Foundation | Foreign Policy Mag Swings Twice, Misses Twice on Territorial Taxation
In two recent posts on the Foreign Policy blog, Clyde Prestowitz has come down hard against territorial taxation. On Monday, he argued that territorial treatment of foreign business income would result in greater levels of tax avoidance and shifting of profits into tax havens. As evidence of its failure, he claimed that the European Union is moving away from territorial taxation with its Common Consolidated Corporate Tax Base plan.