Illinois Bill Targets Carried Interest Loophole
The Illinois, New York and Connecticut legislatures are end-running the Feds by going after the carried interest loophole.
Read more...Category Archives: Taxes
Private Equity Clutching Pearls Over Sweden Ending Carried Interest Loophole
Has Sweden become the mouse that roared at private equity?
Read more...Taxes, and the Parable of “Turning Litter Into Money”
I take my business cards out here, and these are twenty dollars a piece, if anybody wants to buy any. No? Any takers?
Read more...The Caymans: Reputation, Rhetoric, and Reality
How the Caymans compare to other secrecy jurisdictions.
Read more...Inequality in the US: A Tale of Two Countries
A look at US inequality, before and after tax and transfers.
Read more...Taxcast: Staggering Expense of Finance Sectors, Brexit
On Tax Justice Network’s Taxcast, Professor Gerald Epstein weighs in on the cost and dangers of major finance centers.
Read more...Race to the Bottom: Cities and States Spend >$45 Billion Per Year Competing for Jobs
The Wall Street Journal published an important story on how states and communities throw money at companies via tax incentives and other gimmies in a desperate effort to win or hold jobs. These subsidies are a big drain on government budgets: Economic-development tax incentives more than tripled over the past 25 years, offsetting about 30% […]
Read more...Taxing Robots?
Contra Bill Gates, economists are not keen about taxing robots.
Read more...The OECD Penalizes Developing Countries for Trying to Tackle Tax Avoidance
How the OECD stacks the deck in favor of tax-dodging multinationals.
Read more...Michael Hudson on Trump’s Tax Sleight of Hand
A skeptical look at some of Trump’s tax proposals.
Read more...TaxCast: Financial Transaction Taxes, Trump Hearts Kleptocrats
The current Taxcast tours financial transaction taxes, the Swiss referendum, and dark money.
Read more...India’s “Bold Experiment With Cash”: Debunking Myths
India radical demonetization policy: Is this a decisive action against the black economy or an ill-considered, damagingly arbitrary act?
Read more...Private Equity Slugfest! Managing Partner of Sequoia Slams Blackstone Chief Steve Schwarzman in New York Times Op Ed
Rifts are opening up among the financial elite. Michael Moritz, a partner from Sequoia Capital, penned a New York Times op-ed that blasts fellow private equity big dog Steve Schwarzman of Blackstone for cottoning up to Trump and for making his living from squeezing American workers and benefiting from the carried interest tax loophole, which […]
Read more...Are 401(k)s Contributing to the Growth of the Outsourcing of Jobs?
Yet another reason to regard 401(k)s as a failure….
Read more...Border Adjustment Tax Could Help Europe Find Common Voice on Trump
Europeans mull retaliation if Trump moves forward with his border adjustment tax.
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