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Tuesday, May 27, 2014

Taxes

Econ Comments & Analysis                                                                                            
Washington Times | Saving the Internet from killer taxes
The time to protect Internet freedom is now. That means telling the government to butt out and stay out. Period. That’s why Congress must make permanent the ban on Internet-access taxes that expires in the fall.
Real Clear Markets | How Tax Havens Complicate the U.S. Corporate Tax
The House of Representatives will soon vote on making permanent six temporary tax breaks for business, including the look-thru rule for CFCs (controlled foreign corporations). Although this rule seems like a technical exemption, it allows U.S. multinationals to move a lot of their foreign profits to tax havens and thereby serves as a major deterrent to sensible tax reform.
WSJ | U.S. Supreme Court Agrees to Hear Maryland Double-Taxation Case
The U.S. Supreme Court on Tuesday agreed to decide the scope of a state's power to tax residents' income when those earnings have already been taxed by another state.

Blogs                                                                                                                             
WSJ | IMF Lagarde Urges Tax Overhaul to Tackle Inequality
Inequality casts “a dark shadow” across the global economy and countries should consider overhauling their tax systems to tackle gulfs in incomes and wealth, according to Christine Lagarde, managing director of the International Monetary Fund.