All posts in Tax News
State Taxes and Migration
When taxpayers examine the ways in which they can modify their behavior and get the most “bang for the buck” in terms of reducing taxes, moving to a different state is high on the list. People’s income tax burdens can […]
Dow Jones Companies Are Paying Lower Effective Tax Rates
The Dow Jones Industrial Average is a widely-watched measure of the stock market. It reflects the performance of 30 of the largest publicly-traded companies in America, including Bank of America, Exxon Mobil, Johnson & Johnson, and IBM. These companies are […]
The Tax Man Tries to Crack Down on Yacht Owners
Italy, Russia, and Spain have all been in the news the last year for their increasingly aggressive tax stance on wealthy yacht owners. Most countries in Europe impose a value-added tax (VAT) on the sale of products and services. A […]
Targeting Multinational Corporations’ Tax Avoidance
Many developed countries around the globe face sever fiscal problems as a result of aging populations and sluggish economic growth. In light of these fiscal problems, politicians have put tax increases on the table for discussion. In fact, the United […]
1950’s Tax Rates Won’t Work Today
With income taxes rising on the wealthy in 2013, commentators have debated whether the tax hikes will discourage economic growth. Some supporters of the tax hikes point out that the income tax rates that existed in the 1950’s were much […]
President Obama’s Proposed Budget Contains Key Tax Changes
The Obama Administration in April 2013 advocated some important tax changes in its proposed budget for the 2014 U.S. fiscal year. These changes include: Capping the tax benefit of an itemized deduction at 28 percent of the claimed deduction; this […]