Posts Tagged ‘ taxes ’

Where’s the beef? Canada!

September 9, 2014
posted by

Foundation for Economic Education Foundation for Economic Education
by Stewart Dompe and Adam C. Smith  

"As long as government continues charging firms non-competitive tax rates, inversion will inevitably continue. Advances in telecommunication and information technologies have enabled a massive increase in firm size. Multinational firms are quite common now, and this technology increases their mobility. By choosing where they operate, firms are able to choose the legal regime they want to govern their affairs. After all, if a landlord tries to charge a higher rent than every other comparable property in town, they will soon find themselves without any tenants. The real scandal is that individuals may be able to shop around for better rents and landlords, but except for the very wealthy, are usually bound to the tax regime cooked up by their rulers." (09/09/14)

http://www.fee.org/the_freeman/detail/wheres-the-beef-canada  

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Do you receive free lunch at work? The IRS wants to tax it …

September 7, 2014
posted by

A Lightning War for Liberty
by Michael Krieger  

"So with the scandal now behind the IRS, and nobody held accountable as usual, at least we can rest assured that the tax agency has finally gotten its priorities straight. Clearly one of the biggest cancers plaguing society is that fact that some plebs out there still work for employers willing to provide them with a free lunch. I think we can all agree with the IRS that this sort of behavior is akin to domestic terrorism, and something must be done about it. You know, like the IRS getting its cut." (09/04/14)

http://tinyurl.com/mdl5dze  

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Burger King heads north

September 7, 2014
posted by

Cagle Post
by Randy Jones  

Cartoon. (09/05/14)

http://www.cagle.com/2014/09/burger-king-heads-north/  

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ObamaCare tax merry-go-round

September 3, 2014
posted by

John R. Graham Independent Institute
by John R. Graham  

"Get a load of how Obamacare health-insurance premium taxes work. According to Medicaid Health Plans of America: 'This situation results in the federal government taxing itself and taxing state governments to fund the higher Medicaid managed care payments required to fund the ACA health insurer fee.' It look me a few times to get my head around that. What it means is that Obamacare levies a premium tax on private health plans -- including those to contract to provide Medicaid coverage. So, the federal and state governments, which are Medicaid’s payers, pay those taxes." (09/02/14)

http://blog.independent.org/2014/09/02/obamacare-tax-merry-go-round/  

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Forget economic patriotism — it’s time for economic freedom

August 29, 2014
posted by

John Engle Heartland Institute
by John Engle  

"America is finally starting to pay the price for its broken corporate tax regime. The recent increase in so-called tax inversions, in which American corporations seek lower tax rates via mergers with companies based in foreign countries. Tax inversions result in American firms effectively becoming foreign businesses, something many politicians on the left have come to fear and despise. At least 47 American tax inversions have occurred in the last decade, but it was not until this month that they started making serious headlines." (08/28/14)

http://tinyurl.com/jvmpgur  

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In support of Burger King

August 28, 2014
posted by

Bruce McQuain QandO
by Bruce McQuain  

"I’ve never really been much of a Burger King fan, but guess what I’m having for lunch today? Why? Because Burger King has given us an opportunity to point out one reason why our economy is lagging. And, as usual, it has to do with government policy." (08/27/14)

http://www.qando.net/2014/08/27/in-support-of-burger-king/  

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California set to triple tax credit for filmmakers

August 28, 2014
posted by

Raw Story    

"California is set to more than triple its tax credits granted to the film industry in a bid to limit an exodus of movie makers from Hollywood tempted by more generous aid. Governor Jerry Brown said he is set to sign an accord passed by the western US state’s lawmakers, who voted to grant $330 million per year for five years, or a total of $1.65 billion. Previously, tax credits for films were limited to $100 million a year. 'This law will ... put thousands of Californians to work,' Brown said in a statement, which noted that over the last 15 years film production has plummeted by 50 percent in California." (08/28/14)

http://tinyurl.com/nyuwqk6  

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Tax credits won’t lift economic growth

August 21, 2014
posted by

Cato Institute Cato Institute
by Daniel J. Mitchell  

"There’s a policy debate among conservatives in Washington about the best way to cut taxes and reform the tax code. The supply-siders want to replicate the success of Reaganomics with lower marginal tax rates. But there’s also a camp who call themselves 'reform conservatives' who want income tax credits or payroll tax cuts explicitly for the purpose of reducing tax liabilities for middle-class parents." (08/20/14)

http://tinyurl.com/na54uzg  

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Did ObamaCare violate the Constitution’s origination clause?

August 7, 2014
posted by

10th Amendment Center Tenth Amendment Center
by Rob Natelson  

"Two years ago, the Supreme Court declared Obamacare's penalty for failure to purchase conforming insurance to be a 'tax.' Several plaintiffs subsequently sued in federal court arguing that the penalty is invalid for violating the Constitution's Origination Clause. The Origination Clause says that 'All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.' The argument of the plaintiffs is that the Affordable Care Act and its taxes originated in the Senate, and that the tax/penalty is therefore void." (08/07/14)

http://tinyurl.com/ly54woj  

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My life of appeasement

August 6, 2014
posted by

Bryan Caplan EconLog
by Bryan Caplan  

"Morally speaking, I think taxation is theft. The government has a lot of bad excuses for taking my money without my consent, but no really good reasons. Still, every year, I pay my taxes. Why don't I stand up for my rights? The obvious reason: If I stood up for my rights by refusing to pay and attacking anyone who tried to make me, I would end up dead or in jail." (08/05/14)

http://econlog.econlib.org/archives/2014/08/my_life_of_appe_1.html  

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Abolishing the corporate income tax could be good for everyone

August 6, 2014
posted by

National Center for Policy Analysis National Center for Policy Analysis
by Laurence J. Kotlikoff  

"The U.S. corporate income tax produces little revenue — only 1.8 percent of gross domestic product (GDP), or about $288 billion in 2013. Yet the compliance, collection and avoidance costs of collecting this tax are huge. Worse yet, America’s relatively high marginal tax rate encourages both U.S. and foreign corporations to operate outside the United States. It also prevents firms from returning overseas profits and reinvesting them domestically." (08/05/14)

http://www.ncpa.org/pub/ba799  

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How to raise wages: Cut corporation tax

August 5, 2014
posted by

Tim Worstall Adam Smith Institute
by Tim Worstall  

"We’d all like to see wages rise: that is the point of this economy thing, after all, that the average life of the average bloke just keeps getting better and better. So, how might we go about doing this lovely thing? Well, some interesting research from the US as to the effects of eliminating (or, if not, at least lowering) the corporation tax rate ..." (08/04/14)

http://tinyurl.com/pr53vql  

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The power to tax (progressively) is the power to destroy

August 4, 2014
posted by

Heartland Institute
by John Engle  

"It seems that when Chief Justice John Marshall was preparing the opinion for McCulloch v. Maryland he tapped into an eternal truth. 'The power to tax is the power to destroy,' he wrote on behalf of a unanimous Supreme Court. Those words are no less true in 2014 than they were in 1819. Taxation appropriates money from one person or group of people in order to give it to others. There is no way to escape taxes. But there is a way to make taxes somewhat fairer. One way is to make taxes flatter and expand the tax base." (08/04/14)

http://tinyurl.com/pd7y9c7  

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Soda taxes not so SWEET

August 1, 2014
posted by

Campaign For Liberty Campaign for Liberty
by Norm Sin  

"Yesterday, Representative Rosa DeLauro (D-CT) introduced the Sugar-Sweetened Beverages Tax (SWEET) Act (HR 5279). As the title suggests, this legislation imposes a new tax on sodas. (I don’t know about you, but I don’t find new taxes to be SWEET, but then I don’t think supporting warrantless wiretapping is particularly PATRIOTic.)" (07/31/14)

http://www.campaignforliberty.org/national-blog/sweet-act-makes-sour/  

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When high taxes lead to revolution

July 31, 2014
posted by

Ludwig von Mises Institute Ludwig von Mises Institute
by Peter St. Onge  

"History is full of tax revolts. It’s a fairly popular pastime, if historians are to be believed. But when do they come? What’s the spark and what’s the gasoline?" (07/31/14)

http://mises.org/daily/6824/When-High-Taxes-Lead-to-Revolution  

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Five reason why it’s rock-n-roll to avoid tax

July 28, 2014
posted by

spiked spiked
by Tom Slater  

"A few weeks ago, it was revealed that three members of Sheffield indie band Arctic Monkeys had invested £1.1million of their earnings into Liberty, a Jersey-based tax-avoidance scheme. Cue shock and horror in the comment pages and the pop-culture press from people who seemed to think that just because Alex Turner and co were lairy, northern lads from reasonably humble backgrounds that they would all happily fork over nearly half of their hard-earned cash to the HMRC while saluting a portrait of Clement Attlee." (07/25/14)

http://tinyurl.com/qab3veb  

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Parasite panic

July 24, 2014
posted by

Authority!
by Timothy J Taylor  

"Have you ever spotted a fat, juicy, satisfied blood sucking tick firmly attached to your dog, and pulled it off with a pair of tweezers watching its legs flailing about wildly before you dispatched it? That's what parasites do when you suddenly deprive them of their hosts. They panic. And that's just what the alarmed parasitical politicians in Washington are doing today as they rush to decide what to do about America's corporate 'hosts' that are fed up with over taxation and are moving overseas to avoid it." (07/24/14)

http://authoritycon.blogspot.com/2014/07/parasite-panic.html  

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Tax inversion freedom vs. fiscal Berlin Wall

July 23, 2014
posted by

Richard M. Ebeling The Daily Bell
by Richard Ebeling  

"The Obama Administration has proposed its latest form of collectivist control over the American people. In a letter to Congress, U.S. Treasury Secretary Jack Lew has called for punishment and prohibition of any company that tries to move its headquarters overseas to avoid higher taxes in the United States. Plus, Mr. Lew has the audacity to call his proposed territorial imprisonment of American business 'economic patriotism.'" (07/22/14)

http://tinyurl.com/jvrbpru  

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Dirty dealing to pass the Internet Tax Mandate this week?

July 22, 2014
posted by

Campaign For Liberty Campaign for Liberty
by Norm Singleton  

"Unless you act NOW, the National Internet Tax Mandate could sail through the Senate this week! You see, Campaign for Liberty members have been so successful in keeping the National Internet Tax Mandate from even being considered by the U.S. House that the powerful interests behind it are being forced to 'get creative.' Now, a 'bipartisan' group of Senators -- led by Big Government Republican Lamar Alexander and acting on behalf of pro-Mandate special interests -- is working with Harry Reid to ram the Mandate into law by attaching it to legislation preventing governments from taxing you whenever you go online!" (07/21/14)

http://tinyurl.com/mjpw422  

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“Economic patriotism” equals “stay here and pay punitive taxes to cover our ruinous spending habit”

July 18, 2014
posted by

Bruce McQuain QandO
by Bruce McQuain  

"The point of Democrats and their use of 'economic patriotism,' of course, is to demonize and attempt to shame companies that seek relief from the business crippling effects of this government. If the company doesn't stay to be bled dry by the Dems to finance their utopian and big government schemes, well, they're just 'unpatriotic.'" (07/17/14)

http://www.qando.net/?p=16958  

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Steel tariffs to save a few jobs doesn’t work if steel tariffs cost more jobs elsewhere

July 17, 2014
posted by

Tim Worstall Adam Smith Institute
by Tim Worstall  

"The Obama Administration has decided to impost steel tariffs over in the US. This is because, horrors, foreign companies were willing to sell steel to US consumers at prices they wanted to pay. The argument is that this will save jobs in the steel industry." (07/17/14)

http://tinyurl.com/mkexssq  

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Australia repeals controversial carbon tax

July 17, 2014
posted by

ABC News    

"Australia's government repealed a much-maligned carbon tax on the nation's worst greenhouse gas polluters on Thursday, ending years of contention over a measure that became political poison for the lawmakers who imposed it. The Senate voted 39 to 32 to axe the 24.15 Australian dollar ($22.60) tax per metric ton of carbon dioxide that was introduced by the center-left Labor government in July 2012. Conservative lawmakers burst into applause as the vote tally was announced." (07/16/14)

 

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Lew asks Congress for ex post facto prohibition on firms leaving US

July 16, 2014
posted by

Business Week    

"The Obama administration called for immediate congressional action to stop U.S. companies from using cross-border mergers to escape the country’s tax system, the latest trend in corporate deal-making. In a letter calling for a 'new sense of economic patriotism,' Treasury Secretary Jacob J. Lew said Congress should pass tax changes retroactive to May. 'We should prevent companies from effectively renouncing their citizenship to get out of paying taxes,' Lew wrote in the letter to top congressional tax writers, which was dated yesterday and obtained by Bloomberg News." (07/16/14)

http://tinyurl.com/ldgyun2  

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On the slogan “taxation is theft”

July 16, 2014
posted by

Julian Sanchez Julian Sanchez
by Julian Sanchez  

"The slogan that 'taxation is theft' used to be fairly popular among libertarians -- particularly anarcho-capitalists, who reject the legitimacy of even taxation to support a minimal state -- and apparently, in some circles, it continues to be. Matt Zwolinski recently brought up a thoughtful old Loren Lomasky essay arguing that this is an unhelpful way for libertarians to talk, and promptly drew all sorts of fire from people who are fiercely committed to their slogan and, if anything, wish it would be chanted louder and with greater frequency. So, first, a point so trivial I'd hope it wouldn’t need to be made, but which apparently does: Taken in a strict or literal sense, the claim that 'taxation is theft' is just false." [hat tip -- Gene Callahan] (07/14/14)

http://tinyurl.com/k5n49qj  

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Progressive tax reform

July 16, 2014
posted by

Laurence M. Vance LewRockwell.com
by Laurence M. Vance  

"Are 'the rich' paying their 'fair share' of income taxes? The perpetual cry of Democrats, socialists, liberals, and progressives is that they are not. But according to the latest data from the IRS, in tax year 2011, the top 1 percent of taxpayers (in terms of adjusted gross income) paid 35.06 percent of all federal income taxes. The top five percent of taxpayers paid 56.49 percent. The top 10 percent of taxpayers paid 68.26 percent. The top 25 percent of taxpayers paid 85.62 percent of the taxes, and the top 50 percent paid a whopping 97.11 percent. So, not only are 'the rich' paying their 'fair share,' they are also paying the share of most everyone else." (07/15/14)

http://tinyurl.com/kucmred  

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