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Friday, May 24, 2013

Taxes

News                                                                                                                             
CNN Money | The 'chicken poop' credit and other bad tax breaks
The fuss over Apple's complex strategies to avoid taxes put the corporate tax code on display in all its convoluted glory this week.

Blogs                                                                                                                             
Heritage Foundation | Internet Sales Tax Coalition “Fact Check” Needs Checking
On Tuesday, the Marketplace Fairness Coalition, a group supporting the Marketplace Fairness Act (MFA), released a “fact check” memo identifying no fewer than seven “myths” put forward by The Heritage Foundation concerning Internet sales taxes. As it turns out, none are myths at all. Here is our own fact check of the fact check.
Heritage Foundation | Congressional Budget Office Looks at a Carbon Tax
The Congressional Budget Office (CBO) recently released its report on the impact of a carbon tax. (Disclaimer: I provided comments to the CBO on a draft of the report, earlier this year.) The economic parts were pretty sensible and conclude that (be sure you are sitting down)—there are no free lunches.