With all the damaging bills coming out of Congress today, and promises of more to come, it is easy to lose sight of necessary positive policy changes that Congress should be making to improve the tax code and increase economic growth. Representatives Jim Jordan (R-OH) and Jason Chaffetz (R-UT) look …
Littered throughout the President’s proposed budget and health care plan are over $2 trillion in new taxes. In the budget we see tax hikes on businesses including the death tax; new detrimental restrictions on a tax provision called “deferral” that is vital for U.S. companies operating abroad; and potential new …
Rep. Charlie Rangel of New York and other House Democrats propose to pay for their $1.3 trillion bill to create government-run health care with a 5.4 percent surtax on 2.04 million high-income Americans — about half of them small business owners. Americans would face European-style taxes, paying top rates that …
On June 15, the International Monetary Fund (IMF) released a study suggesting national tax policies contributed to, but did not cause, the credit boom and bust that caused the global recession. The IMF noted that countries with income taxes tend to impose heavier tax burdens on equity than debt, thereby …
Question: How do we create jobs, increase economic growth, rebuild the nest egg of households, strengthen the competitiveness of the U.S. economy and increase tax revenues? A. Borrow trillions of dollars and hire workers and specify that these workers must be from the United States. B. Create a new industry …
“Overseas investments,” writes Steven Malanga, “rarely cost jobs in a corporation’s home country,” but instead bring substantial benefits for the home country. President Obama has proposed eliminating what he sees as an unfair incentive in the tax code for U.S. companies to move jobs overseas. In fact, as explained in …
For 15 years, The Wall Street Journal and The Heritage Foundation have been measuring countries’ commitment to free-market capitalism in the “Index of Economic Freedom.” The 2009 Index, published this week, provides strong evidence that the countries that maintain the freest economies do the best job of promoting prosperity for …
Every year the international accounting and consulting firm KPMG issues a Corporate Tax Survey to “help our member firm clients and other organizations consider developments across borders.” In other words, to better inform their clients about which countries offer the most competitive environments for business. This year KPMG reports: [T]the …
