Elizabeth Warren, Other Senators Back IRS in Cracking Down on Private Equity Tax Abuse, Management Fee Waivers
One big private equity tax abuse, management fee waivers, is on its way out. Will others follow?
Read more...Category Archives: Taxes
Nicholas Shaxson: Why a ‘Competitive’ Economy Means Less Competition
Nicholas Shaxson explains how a “Competitiveness Agenda” is being used to set industrial policies that favor the creation of what used to be called “national champions,” as in Really Big Companies. Never mind that neoliberals officially oppose anything so interventionist as industrial policy….
Read more...Frances Coppola: Rethinking Government Debt and Monetary Sovereignity
Debunking the uniformed and regularly hysterical mainstream treatment of government debt and deficits.
Read more...Why You Should Care About CalPERS’ Staff’s and Board’s Incompetence in Private Equity and What You Can Do About It
Why you need to help CalPERS kick its bad private equity habits.
Read more...CalPERS’ Senior Investment Officer Flouts Fiduciary Duty by Refusing to Answer Private Equity Questions
In the last CalPERS Investment Committee meeting, one of the most revealing incidents took place when Investment Director Christine Gogan repeatedly refused to answer a simple, direct question about a widely-used private equity tax abuse, management fee waivers.
Read more...Why Tax Havens Will Be at the Heart of the Next Financial Crisis
Examining an excellent in-depth investigation by Reuters into global financial stability issues, and the role of tax havens in this giant game of pain and plunder.
Read more...VICE News: “Why Pay Your Taxes?”
This Vice News segment makes the normally dry and daunting subject of taxes (really tax policy) accessible and entertaining. Plus it features Lee Sheppard.
Read more...Bill Black: Republican Candidates Agree that the System is Rigged for the Rich
The Republican candidates for President all made shameless appeals for even more plutocracy, in particular preferential treatment for the rich.
Read more...Meet the Hedge Funders and Billionaires Who Pillage Under the Shield of Philanthropy
For every dollar these billionaires give, they take 44 from the rest of us.
Read more...Another Private Equity Scam – Tax Receivable Agreements
As one tax expert put it, “Private equity is a tax gimmick with an acquisition attached.” We’re going to discuss a very big tax gimmick that virtually no private equity investors seem to be aware of. The failure of private equity general partners to publicize a tax scheme that on paper should benefit their limited […]
Read more...Why Carbon Taxes Would Be the Ultimate Energy Game-Changer
Carbon taxes are one of the most effective ways to curb the use of fossil fuels and promote renewable energy sources. And they also help businesses because providing for a predictable price of carbon encourages investment. Has their time finally arrived?
Read more...How Big Corporations Are Starving Public Schools of Billions of Dollars
How big corporate tax avoidance hurts local schools.
Read more...IRS Cracks Down on Private Equity Management Fee Waiver Tax Abuse
The IRS has finally decided to crack down on an not-well-known but flagrant private equity tax abuse, management fee waivers. State and local tax officials enabled this practice, which lowers Federal tax receipts and thus hasthe effect of shifting the tax burden off the 0.1% of private equity kingpins to small fry like you and me.
Read more...How Recessions Crush Certain Geographic Areas: Puerto Rico as a Case Study.
How US policy neglect helped created Puerto Rico’s lousy economy.
Read more...Caymans Exposed: Tax Havens Lucrative for Big Finance, Leave Only Crumbs for Locals
Being a tax haven isn’t all it is cracked up to be.
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