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Tuesday, October 14, 2014

Taxes

News                                                                                                                             
Wall Street Journal | Ireland to Close ‘Double Irish’ Tax Loophole
The Irish government moved Tuesday to close one of the world’s most well-known corporate-tax loopholes, amid a broader tax crackdown on largely U.S.-based technology companies.

Econ Comments & Analysis                                                                                            
Real Clear Markets | Don't Be Fooled, the Internet Is Already Taxed
Many people think that when the Internet Tax Freedom Act (ITFA) expires on December 11, this will open the door for the first time to the taxation of the Internet. Wrong. The Internet is already taxed, and taxation can continue even if IFTA is extended.
Mercatus Center | Takings and Tax Revenue: Fiscal Impacts of Eminent Domain
The United States Supreme Court decision in Kelo v. City of New London in 2005 sparked outrage around the country. In this decision, the US Supreme Court allowed the use of eminent domain to transfer property in New London, Connecticut, for private benefit, not for public use as set forth in the takings clause of the US Constitution.

Blogs                                                                                                                             
The Daily Signal | Want an Economic Boost? Let’s Kill the Death Tax
Death and taxes are two of life’s certainties, but the tax on death itself should certainly be eliminated. A recent analysis by The Heritage Foundation’s Center for Data Analysis found that doing away with the federal death tax would provide a much-needed, long-lasting boost to the nation’s economy.