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Friday, August 3, 2012

Taxes

News                                                                                                                             
CNN Money | IRS pays billions in refunds to identity thieves
The IRS has been doling out billions of dollars in fraudulent tax refunds to identity thieves, according to a report released Thursday.
National Journal | Why This Summer’s Tax Fights Matter Later
Republicans and Democrats have faced off over the past two weeks on a series of symbolic votes that will set the stage for the tax debates to come, both on the campaign trail and in the six-week “lame duck” session of Congress that will follow the election.

Blogs                                                                                                                             
Tax Foundation | The Two Hardest (But Most Important) Sales Tax Reforms
Ernst and Young recently released a report on state and local business taxes, and one of the charts in it is fairly illustrative of a pattern we’ve noticed a lot in the sales tax reform debate: one of the hardest (but most important things) to change about the sales tax base is to remove sales taxes on business inputs.