Congress is in recess until Monday, September 8. The Daily Deduction will resume its regular schedule when Congress returns. “ There will be credits .” Alaskans like the way oil industry profits are taxed --barely. The state grants a corporate income tax credit for qualified oil and gas service-
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—
