corporate inversions

: TaxVox

No Congressional Approval of a Spending Deal Yet, But Plenty of Commotion

In the spending bill, inversion curbs could be curbed. The bill to fund the government through September 2015, scheduled for a House vote today and a Senate vote after that, waters down Democratic-supported curbs on corporate inversions. The Ds would have barred companies that move their tax

December 11, 2014Renu Zaretsky

: TaxVox

What You Get for the Money: Will It Be What You Need?

Tax Expirers: On to the Senate. On a roughly party-line vote, the House restored 55 expired tax provisions and extended them for… three weeks. Now the Senate gets to decide whether to go along or to amend the bill, most likely by extending the measures through 2015. And the world turns… Shouldn’t

December 4, 2014Renu Zaretsky

: TaxVox

Extender Drama: Some Movies Just Aren’t Worth Seeing

Coming soon to a theater near you: The House embraces a one-year “tax extender” package. It would restore retroactively for 2014 tax breaks affecting all manner of taxpayers—from research-heavy corporations, multinationals, teachers, commuters, and green energy producers, to NASCAR race tracks

December 3, 2014Renu Zaretsky

Business Taxes: TaxVox

Reforming Corporate Taxation

The Cato Institute has organized an online forum to debate pro-growth economic policy reforms. Tax Policy Center scholars Bill Gale, Donald Marron, and Eric Toder have each contributed to the discussion. The U.S. corporate tax system is broken. The current method of taxing the profits of large,

November 24, 2014Eric Toder

: TaxVox

“Communication” Defined, Cash Borrowed, Reform Still Needed

Congress is in recess through the mid-term elections. The Daily Deduction will post each Monday until then. In Oregon, Comcast’s cable service is ruled a “communication” service, and its tax bill could be huge. So said the Oregon Supreme Court late last week: Property that Comcast uses to provide

October 6, 2014Renu Zaretsky

: TaxVox

Pressure, Power, and a New View on Cuts

Congress is in recess through the mid-term elections. Read the Daily Deduction each Monday until then. Apple’s new products might not bend , but its tax deals are under some pressure. Later today, the European Union’s European Commission is expected to release its opening decision on Apple’s 1991

September 29, 2014Renu Zaretsky

Business Taxes: TaxVox

Does Treasury Have the Legal Authority To Curb Tax Inversions?

While we wait to see how and when the Obama Administration will use its executive authority to curb the use of corporate tax inversions, the debate continues over whether Treasury even has the power to limit the practice. In a new article in Tax Notes , Tax Policy Center senior fellow Steve

September 22, 2014Howard Gleckman

: TaxVox

Tax Policy, Tax Outcomes: That’s Entertainment!

Congress is in recess through the mid-term elections. Read the Daily Deduction each Monday until then. “ California, here I come !” It’s official: Democratic Governor Jerry Brown signed into law a $330 million annual incentive program for film and television production. Feature films with budgets

September 22, 2014Renu Zaretsky

: TaxVox

Will Tax Reform See Light at the End of the Next Tunnel?

Jack Lew on corporate inversions: “Action is going to be taken.” Treasury Secretary Jack Lew says that ”any company considering an inversion is now on notice that there is action that is going to be taken.” Administrative curbs would limit the economic benefits of inversions but only congressional

September 19, 2014Renu Zaretsky

: TaxVox

Havens Abroad, Shelters Ashore

No more tax havens abroad? The Organization for Economic Cooperation and Development released its plan to limit corporate tax avoidance . All 34 OECD members plus 10 other countries including China and Russia have approved the proposals, though each nation must still implement them. The

September 17, 2014Renu Zaretsky