News
Bloomberg | Overseas Tax Savings for U.S. Drugmakers Under Threat
The six biggest U.S. drugmakers avoided paying $7.05 billion in U.S. taxes last year by shifting their profits overseas. That’s almost double the amount they saved using the same strategy 10 years earlier, according to data compiled by Bloomberg.
Econ Comments & Analysis
Washington Times | Medicaid as a tax on the ‘estates’ of the poor
Most people think they’re exempt from the estate tax (often called the “death tax”) because they don’t have $2 million. A lot of people with low incomes do have some assets, however, and if they have used any Medicaid benefits, their heirs may be in for a shock.
Blogs
Market Watch | Even government workers owe back taxes
The number of federal workers and retirees who were delinquent on their income taxes jumped 11.5% in 2011 from the year before, according to data released by the Internal Revenue Service on Friday.
