News
CNN Money | Offshore tax shelters disclosed in leaked documents
Millions of leaked documents show a growing abuse of tax shelters by the rich around the world in an effort to avoid taxes, according to a report released Thursday.
Econ Comments & Analysis
Forbes | We Can't Save Capitalism Unless We Denounce Its False Prophets
A debate is raging among free market advocates regarding the proper posture to take with respect to Too Big to Fail (TBTF) banks. This has become an increasingly important issue as the financial sector has grown to take up an unprecedented share of our economy.
Blogs
Neighborhood Effects | What is a loophole?
If income is the base of taxation, it makes sense to allow firms to “write off” expenses necessary to earn that income. For capital items that wear out over time, expenses should be written off as the items wear out. Some provisions of the tax code, however, permit firms to write off big capital expenses in one year rather than gradually as the items depreciate.
