Tax Competition News
Preserving Tax Competition in the States
Jessica Melugin of the Competitive Enterprise Institute correctly observes that the Marketplace Fairness Act “would have weakened healthy tax competition among states and led to higher taxes.” MFA proponents, she warns, aren’t likely to give up. http://www.roanoke.com/opinion/melugin-a-new-idea-for-tax-fairness-online/article_dba1c062-b60c-5dd0-baea-061f62ea8e04.html
IRS Continues Manic Pursuit of Offshore Accounts
Without consideration to costs versus benefits, proportionality, or fairness, the IRS is continuing to terrorize holders of offshore accounts. http://www.forbes.com/sites/robertwood/2015/01/28/post-fatca-irs-targets-offshore-accounts-anew-in-dirty-dozen/
FATCA Reporting System Comes Online
The IRS has finally brought online its system – called IDES – to process FATCA information transfers. We’ll be expecting plenty of stories in the coming months about the inevitable problems, as well as looking at the serious information and privacy vulnerabilities. http://www.tax-news.com/news/IRS_Sets_Up_FATCA_Data_Exchange_Service____66962.html
A Message from our President…
It’s a new year and a new Congress, but the same old threats to tax competition and your prosperity.
The OECD is going full steam ahead in its efforts to establish a global tax cartel. And the IRS has built a massive information database to share personal, private financial data with other governments.
We need your help to kickstart 2015 down the right path. With your generous donation of $10, $25, $50, $100 or more, we’ll work tirelessly to keep the IRS from violating your privacy, and put a stop to the OECD’s global tax hiking schemes.
We expect big opportunities his year for critical reforms aimed at fixing the tax code and growing the economy. We also know there will be major international efforts to undermine tax competition, an essential force for restraining government.
Please help us prepare to take advantage of the current domestic political climate while defending tax competition abroad with a tax-deductible donation to the Center for Freedom & Prosperity Foundation.
Sincerely,
Andrew F. Quinlan
From the Market Center Blog…
Obama’s Class-Warfare Tax Plan Targets the So-Called Rich, But Workers Will Bear the Burden
Don’t be fooled by Obama’s rhetoric. It’s the middle class that will be soaked by his tax plan. http://freedomandprosperity.org/2015/blog/obamas-class-warfare-tax-plan-targets-the-so-called-rich-but-workers-will-bear-the-burden/
The State of the Union is Not Strong
America could – and should – be doing much better. http://freedomandprosperity.org/2015/blog/the-state-of-the-union-is-not-strong/
The Left is Salivating for a New Energy Tax on American Consumers
No surprise, the left is pushing for new taxes on Americans. But the last thing politicians need is a new source of revenue.
http://freedomandprosperity.org/2015/blog/big-government/the-left-is-salivating-for-a-new-energy-tax-on-american-consumers/
