Daily Deduction

Repatriation, Havens, and Tax Reform Abroad

June 10, 2014 –

A repatriation tax holiday? It’s expensive. The Joint Committee on Taxation estimates that such a holiday would cost $95.8 billion in revenue over...

Another FATCA Break, Sales Tax Increases Support Health and Safety, and Slow-Walking the EXPIRE Act

June 5, 2014 –

IRS Boss Koskinen hints at more relief for US citizens with cash stashed overseas: Speaking to the OECD’s International Tax Conference in Washington...

Spending, Rules, and Revenues

May 23, 2014 –

What if we counted tax expenditures as “spending,” and not “tax cuts?” Characterizing tax subsidies as tax cuts rather than spending leads to bigger...

Relief, Credits, Cuts, and Roads

May 22, 2014 –

Maybe we all can just get along. At least, that’s what other Swiss banks might be thinking , now that Credit Suisse paid penalties (the tune of $2.6...

Tax Revenue Headaches and Hangovers

May 21, 2014 –

Fourteen senators want multinationals to quit inversions cold turkey. Or at least, they’d like a two-year moratorium on the practice of a firm...

A Pleading Bank, a Rejected Offer, and Taxing Gas and Pot

May 20, 2014 –

Credit Suisse pleads guilty. In the first plea of its kind in decades, the second-largest Swiss bank will pay about $2.5 billion to the federal...

Tax Mistakes, Collections, and Breaks

May 19, 2014 –

New Jersey won’t tell its residents if it made a tax mistake. About 2,000 of the state’s taxpayers — one percent — paid too much in 2013 state income...

A Block, a Bridge, a Treat, a Bill, and a Correction

May 16, 2014 –

Senate Republicans have stalled the tax extenders bill on a procedural vote. The debate isn’t over. Senate Republicans were not pleased that...

Graduating with Student Debt and Dealing with Mortgage Interest

May 15, 2014 –

It’s an election year: Senate Democrats want to help college graduates, surely Republicans want to, too? A new bill would allow student borrowers to...

The Dead, the Devices, and the Errors

May 14, 2014 –

Dead Men Ruling , future governing paralyzed. Will 21st century America be able to govern itself, given lawmakers’ effective abdication of the future...