Tag Archives: taxes

A Territorial Fix for the Corporate Tax

After a decade of hefty profits, by summer 2012 Apple Inc. was sitting on $117 billion in cash, 23% of the entire company’s value. Yet despite no acquisition plans to justify the staggering figure, Apple long refused to return a single dollar back to its shareholders. By August intense pressure became intolerable, pushing the company finally to pay $2.5 billion in cash dividends, a mere two... Read More

Plugging the Biggest Tax Loophole

Have you ever wondered what you would do if it were your job to balance the federal budget? Raise tax rates on the rich? Cut discretionary and administrative spending? Alas, budget experts across the political spectrum agree that such measures, while overwhelmingly popular, will fail to slim our nation’s fiscal deficit considerably. Consequently, most schemes in Congress instead feature unpop... Read More