A growing number of big corporations are using offshore tax havens to escape paying U.S. taxes. A recent estimate suggests big companies are dodging at least $37 billion a year — and, in so doing, gaining a significant competitive advantage over small businesses. Continue reading
Viewing the tax breaks tag archive
With April 15 upon us, I’d like to talk about taxes. Not about the part of the tax code that generates revenues. You’ve already heard enough about the taxes you pay to last a lifetime, and the election campaign has just begun. Instead, I’ll focus on the less visited topic of the taxes we don’t… Continue reading
Today, in the New York Times small business blog, Robb Mandelbaum examines the membership of the National Federation of Independent Businesses has plummeted and takes a look at how the group has lobbied for tax loopholes that boost the profits of big chains, while forcing independent businesses to pay more.
Despite an enormous commitment of public funding to support retail development, neither taxable sales nor retail employment has grown significantly in the St. Louis, a new report finds. The report concludes that development incentives have done nothing to boost tax revenue in the metro and "the overall fiscal health of local governments in the region is increasingly tenuous. Continue reading
Giving tax breaks where credits are due President Bush’s health care plan underscores the dilemma with tax incentives: They tend to treat the rich rather than the problem. By David Morris, originally published in the Mineapolis Star Tribune, March 19, 2007 Critics of George Bush’s proposal to expand the number of Americans with health insurance… Continue reading