by Linda Bealecrossposted with Ataxingmatter Richard Abrams: debunking free marketarianism I’ve often written here about the problems of the naive, black-or-white view of economics that has been fostered by the Chicago School and Milton Friedman acolytes who talk of “free markets” as though markets exist in vaccum tubes unaffected by the social, cultural and legal […]
By Beverly Mannre-posted with permission of the authorThe Ann Arborist Sen. Jeff Sessions’ Habitual Conflations and Misrepresentations Prologue: The Slaughter-House Cases is the title of an 1873 Supreme Court opinion that was among the first to interpret some part of Section 1 of the Fourteenth Amendment, which was the part of that amendment that required […]
by Mike Kimel Pethokoukis Blaming Congress From his perch at Reuters, James Pethokoukis writes (and this is his title) about 4 ways Congress caused the financial crisis. He quotes from a paper by Ross Levine. I have not read the Levine paper yet but the abstract does seem to indicate what Pethokoukis wrote. The abstract […]
by Linda Bealecrossposted with Ataxingmatter There’s a tax angle to everything–including the DeepWater Horizon oil spill There’s a tax angle to everything–including the DeepWater Horizon oil spillOil is still pouring out into the Gulf ocean from the well head of the DeepWater Horizon. The entire gulf is beginning to look like an oil slick, as […]
by Linda Bealecrossposted with Ataxingmatter Swiss Banks; State tax subsidies to corporations“> Busy day today, so just a note to point out an interesting blog posting at Money.co.uk on Swiss banks and the impact of banking secrecy on tax evasion. It’s Demystifying Swiss Banks, May 15, 2010, money.co.uk. Just another reason that tax reform and […]
by Linda Bealecrossposted with Ataxingmatter Carried Interest: some senators want venture capitalists to get a CG ride on their compensation income Everybody knows by now that managers of partnerships who have “profit interests” have been claiming that they do not have compensation income but merely a return of capital on their “carried interests” (and that […]
Far more knowledgeable people will be discussing results today. but here are some pointers. Poilitics Dailey has a short note on yesterday’s primaries: …Kentucky Republicans struck the first blow by choosing political newcomer Rand Paul as their Senate nominee. Paul, an ophthalmologist and Tea Party favorite, defeated Secretary of State Trey Grayson, who had been […]
Reuters reminds us financial reform law still in the works: Although a final vote is expected within days on the White House’s top domestic priority, lawmakers have yet to settle disputes on regulating over-the-counter derivatives; curbing risky trading by banks; and the power of state authorities. There will need to be resolution on these topics […]
by Mike Kimelcrossposted with Presimetrics blog The Effect of Tax Cuts and Tax Hikes on Economic Expansions Right about now, the U.S. economy appears to be recovering from a recession (and a nasty one at that). It’s not smooth sailing though; the recovery is still very fragile, and there are plenty of problems at home […]
by Linda Bealecrossposted at Ataxingmatter From offshore accounts of individuals to transfer pricing scams of corporations From offshore accounts of individuals to transfer pricing scams of corporationsMichigan’s Levin says the next big thing for the government to focus on, now that the offshore accounting schemes of individual taxpayers have gotten its full attention, should be […]