Update 538 — Corporate Tax Reform:ProPublica Analysis Applied to Firms ProPublica’s explosive report this month detailed nonpayment of federal taxes by high-profile, high-net worth figures such Jeff Bezos, Elon Musk, and Michael Bloomberg. But the revenue loss from their nonpayment due to legal evasions is a drop in the bucket compared to the loss when …
Update 401 — Revenue Solutions for 2020;You CAMT Get Any from Firms Owing None In the 2017 fiscal year, FedEx owed more than $1.5 billion in taxes. The next year, it owed nothing. “FedEx takes great pride in being a good corporate citizen — here and abroad — at all times.” Except April 15 perhaps. …
Update 318: Tax Extenders Time is Here; Perennial Policy Debate is Itself Debated No holiday season on the Hill is complete without a tax extenders bill to re-up the temporary tax breaks expiring that given year. A policy perennial, the annual debate can be seen as a natural way to review and renew breaks not …
Update 314 — An Economy Shifting Gears: What do Amazon and the GM Layoffs Portend? Major tidal shifts and cross-currents underlying the changing American industrial landscape have been on full display in recent weeks. Last month, Amazon announced it was going to base its second headquarters out of both New York and Virginia, promising to …
What do Amazon and the GM Layoffs Portend? (November 27) Read More »
Update 269: In the Tax Cuts’ Wake: Pensioners, Workers to Pay the Piper Whether the GOP will campaign on last year’s tax cut is a central question of the midterm season. American taxpayers aren’t as enamored by this as much as similar cuts in the past. The sense has taken root, stoked by Paul Ryan …
Update 265 — 1st Qtr Bank Profits Break Records But Markets Skeptical: Is an Encore in Store? With the last of the financial sector’s quarterly earnings reports for 1Q18 trickling in, we take a look at the condition of the large and diverse financial sector in the United States. What we find is a sector …
Update 264 — GOP Double-Down Hair-Doo: Liked the Tax Cut? How about a Perm? While today marks the last day Americans will file their taxes under the old tax code, a number of Americans have already seen their paychecks influenced by lower tax withholdings. Republicans wasted little time celebrating the Tax Cuts and Jobs Act …
Update 260 — Unpacking the 2017 Tax Cut: A Potpourri of Unintended Consequences For millions of Americans, April is the cruelest month because it requires time spent with the federal income tax code. This year (or tax year 2017) may top them all for annoyance, confusion, and surprises. And for billable hours for accountants and …
Update 205 — Getting Down to Business Taxes Hatch Calls Audible: Will it be 51, 60, or Punt? This morning, Senate Finance held its second hearing exploring tax policy in a week. This time, the focus was on corporate tax. The Committee heard testimony on pass-through rates, C-corp rates, territoriality, options to raise revenue, etc. …
Update 200 — Post-Labor Day Disorder: Are Corporate Tax Cuts Good for Labor? This afternoon in Bismarck, North Dakota, exactly a week after a similar speech in Missouri, President Trump gave yet another pitch for the GOP’s forthcoming tax reform plan. Last week’s campaign-style rally had the added appeal for Trump that he could …
