David Cay Johnston

In New York, gifts circumvent a ban

By David Cay Johnston
November 29, 2011

By David Cay Johnston
The opinions expressed are his own.


Taxpayers can expect ever more picking of their pockets by businesses with political clout thanks to the Nov. 21 decision by Judge Theodore Jones and four colleagues on the New York Court of Appeals.

GOP inaction means higher taxes

By David Cay Johnston
November 22, 2011

The author is a Reuters columnist. The opinions expressed are his own.

Thanks to Republicans who signed Grover Norquist’s pledge never to raise taxes, your taxes are automatically scheduled to go up in January — unless you are a plutocrat.

Closing Wall Street’s casino

By David Cay Johnston
November 18, 2011

The author is a Reuters columnist. The opinions expressed are his own.

A superb example of a sound rule in law and economics that needs reviving, because it can halt the rampant speculation in derivatives, is the ancient legal principle that gambling debts are not enforceable through court action.

Meltdown redux

By David Cay Johnston
November 15, 2011

The author is a Reuters columnist. The opinions expressed are his own.

KANSAS CITY, Mo. –  The U.S. politician-businessman that Congress put in charge of determining the reasons for the 2008 financial crisis has a sobering message for us: “It’s going to happen again.”

A history of audit failures

By David Cay Johnston
November 11, 2011
The author is a Reuters columnist. The opinions expressed are his own.

The admission by Olympus Corp that it falsified financial reports for more than a decade should not shock anyone. The shock is that, for years, auditors failed to detect such massive fraud.

You’re paying taxes, so why aren’t energy companies?

By David Cay Johnston
November 8, 2011

By David Cay Johnston

The views expressed are his own.

In a competitive market, economists argue endlessly about who bears the burden of corporate income tax. Is it owners, who get a smaller net return? Or workers, who make less? Or suppliers, who get lower prices? Or customers, who pay higher prices?

A gift, from NY to Abu Dhabi

By David Cay Johnston
November 1, 2011

The author is a Reuters columnist. The opinions expressed are his own.

How does being taxed to give money to the oil-rich kingdom of Abu Dhabi and its hereditary ruler strike you?