null Getty Albert Einstein, iconic genius and one of the greatest minds of the last century, had one puzzle he found baffling: “The hardest thing in the world to understand is the income tax.”  If he found taxes enigmatic, it’s no surprise that the rest of us have difficulty following along. The end of the
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This past summer France approved a digital services tax (DST) which taxes the revenues of certain digital companies at a 3 percent rate. Because the tax was expected to mainly impact U.S. companies, the U.S. Trade Representative (USTR) opened a Section 301 investigation into whether the tax was discriminatory against the U.S. The investigation report
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If a U.S.-China trade deal is off the table, stay away from the stock market, says Jeremy Siegel, Wharton School professor of finance. The Dow Jones Industrial Average lost more than 250 points after President Donald Trump indicated he might wait until 2020 to strike a trade deal with China. The White House reportedly still plans
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Share to facebook Share to twitter Share to linkedin An anti-government protester stands guard at a burning barricade in Santiago, Chile. Rodrigo Abd/ASSOCIATED PRESS Topline: Many of the mass protests happening around the world were sparked by anger over the economy—especially rising inequality and high costs of living—and then quickly evolved into larger, more potent
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Federal lawmakers have found many ways to shift the responsibility for today’s spending to tomorrow’s taxpayers. But among the most important is their habit of abandoning the fiscal discipline that should accompany government trust funds. A new bill, the Bipartisan Trust Act, may focus new attention on this issue. Sponsored by Senators Mitt Romney (R-UT)
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The Tax Foundation appreciates the opportunity to respond to the public consultation document on Global Anti-Base Erosion Proposal (“GloBE”) (Pillar Two). General Comments The significant overhaul of U.S. international tax rules and the recently adopted anti-tax avoidance provisions in Europe and other parts of the world have reshaped international tax policy in a variety of
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LONDON, ENGLAND – SEPTEMBER 13: A plane comes into land at Heathrow Airport on September 13, 2019 in … [+] London, England. (Photo by Leon Neal/Getty Images) Getty Images Fasten your safety belts. Jeremy Cape of Squire Patton Boggs explains the U.K.’s Air Passenger Duty (APD) and one group’s proposal to impose a frequent flyer
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All Democratic presidential candidates want to address climate change, but none of the three leading hopefuls back a carbon tax. TPC’s Thornton Matheson reviews the 2020 presidential candidates’ climate- related tax proposals. Among Democrats, only New Jersey Senator Cory Booker, South Bend Mayor Pete Buttigieg, and tech executive Andrew Yang have proposed carbon taxes. So
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A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | Reuters Morgan Stanley lowered its rating on Roku to underweight from equal-weight on Monday, saying the stock’s phenomenal climb this year fully reflects the company’s growth prospects and fails to
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