Econ Comments & Analysis
WSJ | The Lose-Lose Tax Policy Driving Away U.S. Business
Apple issued $12 billion of U.S. debt in April, which gave the company a domestic cash infusion that allowed it to keep more earnings overseas. Last month Pfizer attempted to acquire AstraZeneca, a transaction that would have made Pfizer a subsidiary of the U.K.-based company.
Washington Times | Unfair efforts to punish the oil industry with taxes
Given all the election-year maneuvering in Washington, it’s not surprising that efforts to enact a “tax extenders” measure acceptable to the House and Senate are stuck in the mud. Lawmakers can scarcely agree on the color of the sky, let alone the question of how expired tax provisions should be dealt with in the waning days of the 113th Congress.
Heritage Foundation | FATCA Hurts Law-Abiding Americans Living Abroad
On July 1, the Foreign Account Tax Compliance Act (FATCA) will fully take effect. FATCA is supposed to reduce tax evasion by making it harder for tax cheats to abuse tax havens. In practice, however, FATCA is forcing law-abiding American taxpayers residing overseas to bear enormous financial and legal burdens.
