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Friday, August 10, 2012

Taxes

News                                                                                                                             
Market Watch | Japan tax increase bill clears Diet's upper house
The Japanese government's contentious proposal to double the consumption tax rate to 10% by October 2015 was passed in the upper house of the parliament with the opposition's support, according to reports.

Econ Comments & Analysis                                                                                            
Forbes | Taxation Hero: ExxonMobil Pays $3 In Taxes For Every $1 In Profit
It’s earnings season and America’s major energy companies once again face a barrage of criticism over their profits, coupled with suggestions they don’t pay enough in taxes.

Blogs                                                                                                                             
Heritage Foundation | Morning Bell: ‘Pizza Tax’ Only a Hint of Obamacare’s Costs
Papa John’s Pizza founder John Schnatter spurred new outrage over Obamacare when he said recently that the law will hike pizza prices. But his business isn’t the only one that will have to pass its new costs on to consumers—or cut back, which will mean even fewer jobs.