by Kevin Hilferty | Aug 13, 2011 | States, Tax Competition, Taxation
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...
by Kevin Hilferty | Aug 11, 2011 | Blogs, Europe, Government Spending, Government Waste
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...
by Kevin Hilferty | Jul 21, 2011 | Big Government, Blogs, Economic Growth, Economics, Government Spending, Keynesian
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...
by Kevin Hilferty | Jun 14, 2011 | Blogs, 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...
by Kevin Hilferty | Jun 13, 2011 | Economics, Laffer Curve, States, Tax Competition, Taxation
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...
