The Washington Times recently reported that the D.C. Council’s plan to introduce a “jock tax” will need an unlikely vote from Capitol Hill to succeed. Hopefully for D.C. sports fans the proposal will fail. What is a “jock tax,” you might ask? It is an income tax…
Kevin Hilferty
U.S. Needs to Ditch the OECD
This past week Standard and Poor’s lowered their credit rating for the U.S. for the first time ever amidst debt ceiling debates over the growing federal deficit. Our leaders have nearly all acknowledged that to get the credit rating back to AAA there will need…
Deficits Are No One’s Best Friend
Susan Feiner, in a recent blog post for Ms Magazine, argues that continuing deficits favor the feminist movement. The post is entitled “A Feminist Economist Speaks Out: Deficits are a Grrrl’s Best Friend”. Normally I wouldn’t give any time to addressing the arguments…
Canadian Court Takes A Stand Against Double Taxation
In Canada Limited v. The Queen, Canadian Tax Court, following a policy of avoiding double taxation, just approved the use of certain tax avoidance arrangements between Canadian and U.S. businesses. The technique involved claiming Foreign Tax Credits (FTC’s) from the…
Amazon Abandoning Greedy States with Online Retail Taxes
In continued news of people responding to tax competition, online retail giant Amazon.com Inc. has announced it is scrapping deals in Arkansas and Connecticut due to new legislation requiring new online retail taxes. As the Wall Street Journal reported: Amazon.com…
Bill Cosby Cites High Taxes As Reason For Not Performing In Canada
Bill Cosby, actor and comedian, cited the comparatively high taxes in Canada as to why he has no tour dates there anytime soon. Asked by a fan on his Twitter account why he isn’t coming to our neighbor to the North, he replied: It is a commonly held belief that famous…
New Study Shows Government Hindering Job Growth While Unemployment Lingers
It would not surprise most Americans to hear that unemployment rates are still lingering lower than pre-recession levels. As Dennis Cauchon wrote last week in USA Today: The nation has 5% fewer jobs today — a loss of 7 million — than it did when the recession began in…