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January 23, 2015 - 2:08 PM EST
Should the Mayor of London Pay U.S. Taxes?
by Robert Goulder
The IRS has hit Boris Johnson, the mayor of London, with a tax claim on the sale of his U.K. home, even though the transaction is tax exempt in the United Kingdom. After initially refusing to pay, the mayor has now begrudgingly agreed to settle up. If the episode leaves you scratching your head, you're not alone.
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January 21, 2015 - 11:45 AM EST
Bad State Tax Ideas Abound – Nebraska, Virginia, and Missouri
by David Brunori
From a good tax policy perspective, these three ideas are very bad.
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January 15, 2015 - 9:36 AM EST
Frack It, Tax It
by Christopher Bergin
I’m not opposed to increasing the gas tax, but I want to make sure we all know what it will be spent on.
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January 14, 2015 - 1:03 PM EST
Illinois Lawsuit Challenges Tax Credit Program for Encouraging Job Retention
by Cara Griffith
Should job creation and job retention be treated as equal for purposes of the Illinois EDGE tax credit program?
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January 13, 2015 - 8:56 AM EST
Nunes Plan Ignores Base Erosion Concerns
by Jeremy Scott
Another lawmaker has thrown his hat into the tax reform ring. Republican House taxwriter Devin Nunes released a business tax reform plan last week that would gradually lower tax rates to 25 percent and move to full expensing. Nunes's plan shifts U.S. international tax rules toward territoriality and imposes a 5 percent tax on a company's undistributed earnings. He says that when it is scored, it will be revenue neutral. Sounds great, right? Well, Nunes has decided to completely ignore the problem of U.S. tax base erosion, saying when pressed that those concerns are "irrelevant" because he is creating a new tax code.
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January 12, 2015 - 3:09 PM EST
Would Congress Dare Pass the Nunes Plan?
by Martin A. Sullivan
Conventional tax reform efforts are going nowhere on Capitol Hill. Maybe it’s time for Congress to start thinking outside the box.
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January 6, 2015 - 3:46 PM EST
Planned Disasters Are Here to Stay – and Probably the Only Hope for Tax Reform
by Joseph J. Thorndike
Congress returns to Washington today, and Republicans have a chance to strut their stuff as the Capitol’s new majority party. But the GOP ascendancy raises a question: Can Republicans actually govern without a crisis?
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December 18, 2014 - 9:03 AM EST
Did Next Year’s Holiday Gift Shopping Just Get Easier?
by Clint Stretch
President Obama’s move to normalize relations with Cuba may add Cuban cigars and Cuban rum to next year’s holiday gift possibilities. This would certainly make life easier for anyone who wants to give me a gift, and I suspect I’m not alone.
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September 19, 2014 - 10:07 AM EDT
Renouncing the Dogma of Surrey’s Infallibility
by Ajay Gupta
Treasury’s export of Stanley Surrey’s arm’s-length standard was perhaps the most successful case of ideological conversion in the arena of international tax policy. Even as the United States inches away from that construct, the OECD clings to it with a zeal befitting a convert. Treasury may very well have to renounce the dogma of Surrey’s infallibility before true reform in the global transfer pricing regime can take place.
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July 11, 2014 - 9:39 AM EDT
International Tax Trending
by Mindy Herzfeld
This week’s international tax highlights include Jean-Claude Juncker’s agenda for EU tax policy, changes in the IRS’ international administration, and continued assertiveness by the U.S. and other governments in pursuing tax evasion while BEPS goes into sleep mode.
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