News
WSJ | Swiss Parliament Rejects U.S. Banks Deal
Swiss lawmakers ushered in a new era of uncertainty for the country's financial sector Wednesday by nixing a proposal to let Swiss banks avoid the threat of prosecution in the U.S. by collectively coming clean about their dealings with suspected American tax evaders.
Washington Times | Internet sales tax bill faces House showdown
The Marketplace Fairness Act, which passed the Senate last month with bipartisan support, would require online merchants to collect sales tax from customers. The bill would level the playing field for traditional retailers, whose products appear more expensive, supporters say. It would also help fill the coffers of state governments that are strapped for money.
Econ Comments & Analysis
LA Times | A tax system that targets workers
Imagine a society with two tax systems. One taxes the wealth people have accumulated. The other taxes the labor people perform. This society seems to be getting along well enough, raising enough tax revenue to finance the public goods and services that voters have told lawmakers they want to see supported.
Heritage Foundation | The Simple Economics of Pro-Growth Tax Reform
The essential principle for pro-growth tax policy is simply this: Minimize tax distortions to the incentives guiding individual decisions. The simplicity of this guide may surprise because tax policy often appears—and indeed often is—a dauntingly complicated subject. Fundamental tax reform is equally so.
