Taxes Won’t Kill Bitcoin...

Mar 26, 2014 by

My take on the bitcoin guidance: Bitcoin is a digital representation of value, not a real currency, according to the latest...

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Baucus Cost Recovery Proposal

Nov 21, 2013 by

A tax proposal released on Thursday by the chairman of the Senate Finance Committee, Max Baucus, addresses a topic that tends to make...

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Baucus International Tax Propo...

Nov 20, 2013 by

Changes to the tax code always create winners and losers. An ambitious plan to revise the system for taxing multinational corporations, released on Tuesday by the Senate Finance Committee chairman, Max Baucus, would hit technology companies and large pharmaceutical companies especially hard. Companies like Pfizer, Apple, Hewlett-Packard and Microsoft have become masters at reducing their tax liability in the United States by shifting income overseas.

These companies often hoard cash in offshore subsidiaries, and in the past they have successfully lobbied for a tax holiday to repatriate cash at lower tax rates. The Baucus proposal would, among many changes, end this practice of tax deferral and impose a minimum tax of about 20 percent on overseas profits — whether those profits are repatriated to the United States or not.

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An Offbeat Merger

Nov 14, 2013 by

Other methods of tax avoidance have received less news media attention but are no less troubling. A recent deal by LIN Media, a media...

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