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Can someone please explain to me why GE, one of the largest companies in America, is not paying taxes?
Every year, they get lots of tax payer’s money in the form of contracts. On top of that, they also get tax benefits.
For what?
For...
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Democratic Senator Claire McCaskill recently made her opposition to extending the Bush tax cuts for all Americans (including the top 2% making over a quarter million a...
made popular Dec 28 2010
America’s Estate Tax was instituted by the revered Abraham Lincoln after the Civil War as a tax on the rich to pay off war debt. This was before America...
made popular Dec 6 2010
Here’s an illustration of what some call Babylon-By-the-Bay, i.e. a bloated federal state. America’s capital is no Paris or London. Neither the economic...
made popular Nov 15 2010
An odd tax structure for an egalitarian nation.
No one can fault France for having too little taxes. The nation is certainly overtaxed both on consumption and income....
made popular Oct 8 2010
With the battle over whether to extend the Bush tax cuts for the wealthy shaping up as the major political event of the fall, opponents of repeal were handed a...
made popular Aug 23 2010
If boxing king Manny Pacquiao (51-3-2) fights in Mexico to escape paying “millions of dollars worth of taxes,” the Filipino boxer could face trouble with...
made popular Jul 30 2010
Highlights of 2010-11 budget presented by Finance Minister Pranab Mukherjee in parliament Friday:
– Clean energy cess of Rs.50 per tonne on coal produced in...
made popular Feb 27 2010
Google and other net firms could be taxed under plans being considered by the French government.
A report, commissioned by the government, suggests firms such as...
made popular Jan 12 2010
The father of Classical Economics Adam Smith warned about the dangers of rendering cartels necessary. Alas, politicians often do. They way it works through regulation...
made popular Jan 6 2010
Marriage in Britain is in danger of becoming an exclusive middle-class institution unless action is taken to bolster it, David Willetts, the shadow cabinet member...
made popular Dec 24 2009
The current Obama care legislation working it’s way through the Senate could push the effective marginal tax rate of low and middle income earners up to the 70...
made popular Dec 15 2009
Thousands of Britons who have sold properties in Spain stand to win millions of pounds in compensation after the European Court of Justice ruled that they had been...
made popular Nov 28 2009
It may as well be. The Labor government in the United Kingdom is seeking to enact a 50% - it needs to be belabored: 50% - income tax on all those earning GBP150,000....
made popular Nov 21 2009
Hong Kong is a new target of U.S. prosecutors pursuing a global campaign against evaders of federal taxes, spurred by data acquired in their crackdown on Swiss...
made popular Nov 13 2009
“Friend, you cannot legislate the poor into freedom by legislating the wealthy out of freedom. And what one person receives without working for, another person must...
made popular Nov 11 2009
Latest update after Swiss Bank has agreed to disclose the funds and details regarding our Indian’s Black Money over 70, 00,000 Crores Rupees parked in Swiss...
made popular Sep 7 2009
The Obama administration has won a key victory against Swiss financial institutions. For months, the administration and the IRS have been hounding Swiss banks to reveal...
made popular Aug 21 2009
The Western world is outraged over tax havens in the developing world. Tax havens are tax shelters where Person A from Country A can put his money in Country B. Why...
made popular Aug 18 2009
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I recently reported on how the United States Congress was planning on spending $500 million on private jets - more than the Air Force, which manages such trips,...
made popular Aug 11 2009
One of the goals of the left-wing agenda is to end the idea of personal responsibility. The doctrine of personal responsibility restrains government action for if...
made popular Aug 4 2009
He who pays the piper, may not always call the tune. At least this is what astounding news released Wednesday June 30th, by IPEA (Applied Economic Research Institute -...
made popular Jul 3 2009
The rallying Marxist call to “soak the rich” has become fashionable again as state regulation is praised, and the finance industry is condemned for its...
made popular Apr 25 2009
America is in a bad recession. Trillions of dollars have already been dedicated to try to pull us out. Whether or not these measures work is really anyone’s...
made popular Apr 25 2009
Obama’s across the board appeal has been extraordinary. We often forget it when confronted by the viciousness of the opposition lined up against him. An opposition so...
made popular Sep 20 2008
In an op-ed piece published in Washington Times (The New York Times did not bother to open it before returning it back to the sender), Bill O’Reilly complained that...
made popular Aug 4 2008
Missouri - Republican presidential candidate John McCain is tangling with taxes again.
made popular Aug 1 2008
Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.
made popular Aug 12 2008
The average US tax rate for most goods is 7.07 percent, but the taxman has a special affinity for wireless phone and data services, which are taxed at a whopping 15.9...
made popular Jul 12 2008
Every big country is full of contradictions, this fact seems to be a rule. Here in Brazil it could not be different. According to the IPEA (Institute of Applied...
made popular Jun 24 2008
Senate Republicans blocked a proposal Tuesday to tax the windfall profits of the largest oil companies, despite pleas by Democratic leaders to use the measure to...
made popular Jun 11 2008
Coming off the heels of a similar and smaller proposal by Hillary Clinton, Barack Obama today announced a plan to tax Oil company profits.
According to...
made popular May 2 2008
I received the following from the same source I used for my previous post McCain, Obama and Clinton: How Their Tax Changes Will Affect YOU, If Elected. Yes, some of...
made popular Apr 25 2008
President George W. Bush called Friday for $145 billion in tax relief for individuals and businesses that he said would “provide a shot in the arm” for the...
made popular Jan 19 2008
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Budget Director Peter Orszag testifies on Capitol Hill in Washington, Tuesday, March 3, 2009, before the House Budget Committee hearing on the fiscal year 2010 federal dudget.
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