Tax Policy Center

repatriation holiday

Individual Taxes: TaxVox
U.S.-based multinationals hold $2.1 trillion in foreign cash and insist that the only way they can feasibly bring that money back home is if Congress grants them a tax holiday—an idea that even President Obama now appears to support. But the argument they (and the President) are making for a
December 10, 2014Chris Sanchirico
Campaigns, Proposals, and Reforms: TaxVox
Are large U.S. multinationals largely U.S. owned? To hear some of the arguments for retaining or enhancing the tax benefits that these companies enjoy, you’d think this was a given. Think again. Quirks in the tax laws essentially provide large U.S. multinationals like Apple, Google, and Cisco with
March 18, 2014Chris Sanchirico
Individual Taxes: TaxVox
Does it make sense to fund much-needed roads, bridges, and mass transit with a big tax cut for multi-national corporations? A growing number of Democrats and Republicans seem to think so. But I have my doubts. At first glance, what could be more appealing? At a time when the Highway Trust Fund is
January 23, 2014Howard Gleckman
Federal Budget and Economy: TaxVox
As House and Senate budget negotiators sit down (eight months late), the inevitable issue of new revenues has already raised its head. Predictably, Democrats insist that any fiscal deal include new taxes. Equally predictably, Republicans demand that it must not. But behind the scenes, Washington’s
October 31, 2013Howard Gleckman
Individual Taxes: TaxVox
In a speech today in Chattanooga TN, President Obama made congressional Republicans an offer they could refuse. And they did . By doing so, Obama may have quashed the last shred of hope that tax reform can happen before the 2014 congressional elections. In what the White House pitched as a new idea
July 30, 2013Howard Gleckman
Individual Taxes: TaxVox
In another one of those bad ideas that never seem to go away, Congress may be about to grant a huge tax break to multinational companies that have stashed earnings in their foreign subsidiaries. A temporary tax holiday for firms that return those profits to the United States is the latest evidence
October 13, 2011Howard Gleckman
Individual Taxes: TaxVox
In Washington, bad ideas never go away. Now two old tax breaks have resurfaced with the ostensible goal of creating jobs, despite plenty of evidence that neither actually works. One would create a payroll tax break (aimed at employers instead of workers this time). The other would grant a temporary
June 23, 2011Howard Gleckman