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July 25, 2014 - 11:10 AM EDT
The Corporate Income Tax Will Never Be ‘Fixed.’ And That’s OK.
by Joseph J. Thorndike
It’s popular, in some circles, to suggest eliminating the corporate income tax. Usually, the argument flows from worries about American competitiveness. Eliminate the corporate tax, and corporations around the world will flock to our shores.
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July 24, 2014 - 12:32 PM EDT
Inversion Diversion
by Christopher Bergin
There’s a lot more wrong with the tax system than corporate inversions. But that’s not the point. With all that’s going on in the world, when President Obama jumps on the anti-inversion bandwagon, it will give the official seal of approval to inversions as this summer’s red herring.
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July 23, 2014 - 1:51 PM EDT
Is New York Properly Auditing Partnerships?
by Cara Griffith
The New York Department of Taxation and Finance has indicated that it has hundreds of open field audit cases of partnerships that have allegedly failed to properly report taxable gain, yet not one audit of a real estate tax partnership has reached the New York State Division of Tax Appeals. Is this possible? Or could it be that New York is simply not aggressively auditing real estate partnerships?
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July 23, 2014 - 9:35 AM EDT
Who Wants to Tax a Millionaire? Lots of People
by David Brunori
Millionaire taxes, however politically attractive, are not what they’re cracked up to be.
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July 21, 2014 - 9:18 AM EDT
Republican Populism and Inversions
by Martin A. Sullivan
Republicans are turning on big business to win votes with working-class Americans. Does this mean they will try to block U.S. corporations from leaving America?
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July 14, 2014 - 3:11 PM EDT
Time Criticizes IRS for EO ‘Rubber-Stamping’
by Jeremy Scott
Over the weekend, Time.com posted an article with the headline “IRS to Rubber-Stamp Tax-Exempt Status for Most Charities After Scandal.” The story reported that the IRS had decided to stop screening 80 percent of exempt organization charitable applications each year and included an interview with IRS Commissioner John Koskinen explaining the IRS’s decision to use the new Form 1023-EZ. The article also said that the IRS’s decision risked fraud and the misuse of charities for political purposes.
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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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April 29, 2014 - 9:00 AM EDT
Dreams of Tax Reform
by Clint Stretch
At the risk of revealing too much of my sentimental side, I have to admit that I’m a huge Patsy Cline fan. So I recently found myself at the small but carefully curated Museum of the Shenandoah Valley in Winchester, Va., which is holding a special exhibit on Patsy’s life and career.
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