DUBLIN—A senior Irish minister said on Tuesday he was confident the government would sign up to an overhaul of global corporate tax rules this week after updated proposals were circulated to negotiating countries. Ireland, the low-tax European headquarters for a number of the world’s largest multinationals, has declined to sign up to the Organisation for…
Nordic Countries Do Not Equal Big Government or High Corporate Taxes
Commentary A lie is still a lie even if it’s often repeated. And claiming the Nordic countries are socialist economies with high taxes on wealth and businesses is a big lie. Nordic countries are not socialist. They rank at the top in the Heritage Foundation’s Economic Freedom Index 2020 (Denmark 10, Finland 17, Sweden 21,…
Tax Rates Race to the Bottom?
Commentary According to U.S. Treasury Secretary Janet Yellen, global corporate income taxes have been lo these many years “racing to the bottom.” This must be nipped in the bud, in her opinion, if prosperity is to be attained. Say what? Taxes are too low? This will be news to taxpayers! As she sees matters, Adam…
Tax Increases to Outweigh Benefits of Biden Infrastructure Plan, Warn Experts
WASHINGTON—President Joe Biden unveiled his ambitious infrastructure package, which proposes substantial tax increases on U.S. corporations to pay for the $2 trillion price tag. Experts say, the economic harm from an increase in corporate taxes, however, will offset the benefits created by the infrastructure investment, raising skepticism about the plan. Biden described his proposal as…
Tax Increases to Outweigh Benefits of Biden Infrastructure Plan, Experts Warn
WASHINGTON—President Joe Biden has unveiled his ambitious infrastructure package, which proposes substantial tax increases on U.S. corporations to pay for the $2 trillion price tag. However, experts say the economic harm from an increase in corporate taxes will offset the benefits created by the infrastructure investment, raising skepticism about the plan. Biden described his proposal…
Now Come the Taxes
Commentary The front-page headline in Monday’s Wall Street Journal said: “Biden weighs how to pay for Agenda.” Who purchases something they know they can’t afford, and then worries about paying for it later? Only government. After less than two months in office, President Biden and a majority Democrat Congress have engaged in record spending with…
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