Tax Policy Center

tax inversions

Federal Budget and Economy: TaxVox
It is time for TaxVox’ s annual Lump of Coal awards for the worst tax ideas (or most depressing tax stories) of 2015. As always, choosing the Top 10 was not easy, but here they are: 10. The Michigan House . Lawmakers tried to pay for new transportation projects by eliminating the state’s earned
December 21, 2015Howard Gleckman
Business Taxes: TaxVox
In a speech today at the Tax Policy Center, Treasury Secretary Jack Lew said the agency will decide “in the very very near future” how it will respond to the recent wave of tax-motivated corporate inversions. Lew strongly urged Congress to curb the practice on its own, but suggested Treasury might
September 8, 2014Howard Gleckman
Individual Taxes: TaxVox
Corporate inversions have been the topic of the summer for tax wonks (beats jellyfish and beach traffic, I suppose), but the issue is a classic bit of Washington misdirection. Instead of focusing on the real disease—an increasingly dysfunctional corporate income tax—we are obsessing over a symptom—
August 26, 2014Howard Gleckman
Individual Taxes: TaxVox
Corporate inversions are all the rage these days as U.S. businesses merge with foreign firms and then restructure the combined businesses as foreign-based corporations. That yields tax benefits and may boost their after-tax profits, but it can also leave their stockholders with unwanted capital
August 20, 2014Roberton C. Williams
Individual Taxes: TaxVox
Congress and corporate America are in a dangerous and mutually destructive race: The more lawmakers threaten to ban the practice of inversions—where U.S. based multinationals merge with foreign firms to lower their tax bill-- the more firms race to complete the deals while they can. The more deals
July 17, 2014Howard Gleckman
Individual Taxes: TaxVox
Following the recent offer by U.S drugmaker Pfizer to acquire British pharmaceutical firm AstraZeneca, congressional Democrats are proposing new limits on the ability of U.S.-based firms to establish foreign residence as a way to cut their U.S. corporate tax bill. Even before this latest flap, the
May 20, 2014Howard Gleckman