The Great Debate

from Breakingviews:

Rob Cox: Solving America’s homegrown Putin dilemma

May 6, 2014

By Rob Cox
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The U.S. cannot afford to tax energy producers more

By Jack Rafuse
October 3, 2012

Gasoline prices are at all-time highs. As a result, energy policy concerns echo in boardrooms and family rooms across the U.S. At a recent House Energy Committee hearing on “The American Energy Initiative,” Harold Hamm, the top energy adviser of Republican presidential candidate Mitt Romney, warned that President Obama’s proposed repeal of the energy tax provisions for oil and natural gas producers (including a manufacturing tax deduction that all U.S. manufacturers receive) would decrease drilling activity by 40 percent. Can the U.S. afford that?

from Lawrence Summers:

Time nears for an American tax overhaul

By Lawrence Summers
February 26, 2012

However the U.S. presidential election turns out, the trifecta of the Bush tax cut expiration, the debt limit ceiling on the horizon once again, and the Congressionally mandated sequesters – cuts in domestic spending – will force the president and Congress to wrestle with fiscal issues either in a lame duck session after the election or in early 2013. The decisions they make will have profound impacts on America’s fiscal future.

from Tales from the Trail:

The wishful thinking behind a repatriation tax holiday

June 21, 2011

By Ryan McCarthy

The opinions expressed are his own.

Big U.S. multinationals have a strange sense of timing: apparently, now is the ideal time to fight for a tax holiday. The New York Times on Monday had an in-depth look at the topic of a repatriation tax holiday, with lovely charts and a helpful video detailing the myriad ways corporations cut their tax bills by stashing profits overseas. Given the clamoring about lack of demand in the economy, the deficit talks and swollen corporate cash holdings, the lobbying push seems poorly timed at best.

from James Saft:

Private equity wins, U.S. creditors lose

December 7, 2010

James Saft is a Reuters columnist. The opinions expressed are his own.

The move to reform taxation of billions of dollars in so-called carried interest paid to hedge fund and private equity executives is dead and prominent among the mourners should be investors in U.S. debt.

Taxing spoils of the financial sector

April 22, 2010

If you want less of something, tax it.

That truism is often used as an argument against a tax on profits, or health benefits, or employment, but in the case of the rents extracted from the economy by the financial services industry here’s hoping it proves more of a promise than a threat.

from MacroScope:

A “Greed Tax” on banks

April 21, 2010

The International Monetary Fund has done what it was bid by the G20  and come up with proposals for getting banks to pay for the government help they receive when they get in trouble.  You can read the actual wording here, but it comes down to this:

UK bonus tax both cynical and justified

December 10, 2009

(James Saft is a Reuters columnist. The opinions expressed are his own)

A cynical election maneuver it may well be, but Britain’s plan to impose a punitive tax on bonus payments is also reasonably well crafted and in broad terms justified.

Pittsburgh: A city transformed by R&D

September 25, 2009

Phil_Bond_headshot.jpg– Phil Bond is President of TechAmerica, which represents 1,500 companies across the technology industry. The views expressed are his own. —

from Commentaries:

Why the U.S. needs a Value Added Tax

September 8, 2009

Swelling deficits and an aging population leave few palatable options when it comes to taxes.