Category Archives: Taxes

Consternation as Trump Starts Delivering on Campaign Promises While Making More Crazy Attacks on Critics

As with his campaign, the Trump Presidency is loutish, thin-skinned and thinly staffed, disorderly….and taking ground.

Taxcast: South Dakota as Tax Haven, Stopping Corporate Tax Dodgers

How South Dakota is helping the US become an even bigger player in the tax haven game.

“Many Areas of Appalachia and Mississippi Delta Have Lower Life Expectancy Than Bangladesh”

Four Nobel Prize winners agree that rent-seeking is the biggest driver of rising inequality.

Yet Another Glaring Flaw With Trump Infrastructure Plan: Dependence on Vagaries of Tiny, Slow-Moving Tax Equity Market

The oh-so-clever Trump plan to use tax credits to fund infrastructure spending means it will be too small and slow to provide any real boost.

How Do Americans Get Rich? (And Stay Rich?)

A deep dive into the sources of rich Americans’ wealth.

How Taxpayers Subsidize AirBnB’s Cheap Prices

How you lose when AirBnB wins.

Wolf Richter: What the Heck’s Happening to Our Share Buyback Boom?

Is the share buyback boom going down the drain, putting this wondrous stock market at risk?

Wall Street Journal Puts Foot in Mouth and Chews Via False Claim That Tax Law Change Would Lead US Companies To Move Cash to US

Yet again, we ebunk the myth that tax gaming leads US companies to hoard cash overseas. Tax accounting has nada to do with where money sits.

Cutting Company Taxes is a Race to the Bottom

Corporations are winning an ideological battle, securing lower income taxes around the world. But how far can this trend go?

Michael Hudson: How Debt-Driven Home Price Increases Shafted Homeowners

Michael Hudson debunks the myth that rising home prices are always a boon to homeowners.

Donald Trump: “My 100-Day Action Plan”

A look at Trump’s major proposals.

Panama Papers: The Role of Western Secrecy Jurisdictions in Looting Africa

Africa, despite having many of the poorest countries in the world, is nevertheless a capital exporter due to bank secrecy and tax gaming.

Wolf Richter: Come on Moody’s, Spare Us These Falsehoods: That $1.3 Trillion “Overseas Cash” Is Already in the US

Moody’s turns into tax lobbyist for its biggest corporate clients.

Private Equity Consultant Hamilton Lane Trots Out New Excuse, “Evil Populists,” for Already-Flagging Private Equity Performance

Funny how it’s OK for defenders of the 0.1% like Hamilton Lane to blame class warfare on their soon-to-be-fallen standing, but not the 99%.