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Fair Taxes
Obama Plan on Tax Havens Faces Resistance in Congress
Adopted from a Ryan J. Donmoyer article dated May 5 in (Bloomberg): President Barack Obama’s plan to end tax breaks for U.S.-based multinational companies drew a skeptical response from fellow Democrats on Capitol Hill, indicating that his proposal may face obstacles in Congress. Senate Finance Committee Chairman Max Baucus, a Montana Democrat, called for “further study” of Obama’s proposals... »
My thoughts on the future of the federal estate tax
In 2001, President Bush and a Republican-controlled Congress enacted a law that greatly reduced and will eventually eliminated the federal estate tax. The catch is, the law sunsets after ten years, meaning that in 2011, the laws governing the federal estate tax will be as those laws existed in 2001. Since passing the 2001 law,... »
UBS pushes IRS back on Joe Doe Subpoena
Quoted from Alibaba.com: UBS AG asked a U.S. court on Thursday not to proceed with a high-profile tax evasion case brought against it by the U.S. Internal Revenue Service, saying the case would violate Switzerland’s strict bank secrecy laws. … U.S. tax authorities are pursuing a civil lawsuit against UBS seeking to access the data of... »