Last month in Great Britton the collection of the world’s top eight economic nations (the G8) decided to get tough on multinational corporations evading paying taxes. Last week the top 20 economic nations (the G-20) endorsed the outline of a plan to do the same thing. The full plan by the Organization for Economic Cooperation […]
You pay your taxes. Your business pays its taxes. Why do we want to let big corporations that don’t pay their taxes off the hook? Small businesses should not be subsidizing government services (ex. courts, infrastructure, defense, education) that multinational corporations use but don’t want to pay for. But that is exactly the impact of
The recent news that Apple has played the tax laws of Ireland versus the U.S. to effectively avoid paying any corporate tax on tens of billions of income might be the proverbial straw that breaks the camel’s back regarding finding a solution to offshore tax haven abuse. All the rest of us are essentially subsidizing
Yesterday President Obama reiterated his position that he supports extending the Bush-era tax cuts for the lower 98% of all taxpayers for another year. Of course, that also means that he supports allowing those same tax cuts for the top 2% of tax payers to revert back to the Clinton-era levels (you remember the 90’s
90 percent of small business owners in nationwide poll say big corporations use loopholes to avoid taxes that small businesses have to pay; majority support increasing taxes on millionaires and letting high-end tax cuts expire Washington, DC – Small business owners see corporate tax loopholes and accounting gimmicks used to shift U.S. profits offshore to
“We don’t have an obligation to solve America’s problems.” Remember this quote from an Apple executive as reported by Charles Duhigg and Keith Bradsher. It appeared in the first of a two part story that will surely win the two New York Times journalists deserved recognition for exposing Apple’s decidedly un-American manufacturing standards in China.
The lead story for the 7 AM East coast viewers of the Today Show (NBC) this morning was a report by Carl Quintanilla of CNBC. Quintanilla’s gave an analysis of the good economic news that unemployment in December was down 11% from the previous year and the four week average unemployment rate is at the
The high drama is back in Washington as this Friday is the deadline for passage of a spending bill that will keep the doors open on the federal government. Getting that done is intricately married to passing legislation to extend the payroll tax cut for 160 million working Americans and also extending federal unemployment benefits.
The Hill’s Congress Blog November 1, 2011 By Frank Knapp Jr The Regulatory Accountability Act of 2011 (RAA), a bipartisan bill introduced in the House and Senate, portends to offer common sense rules to affect how Federal agencies analyze costs and benefits. The bill provides extensively detailed procedures for agencies in promulgating regulations that
OK. I admit that I got my hopes up upon hearing that U.S. Senate Democrats and Republicans were talking nice about the Gang of Six deficit reduction outline that included revenue increases as well as budget cuts. But as they say—the devil is in the details. And the details in the Gang of Six proposal