Category Archives: Corporate Tax
WalMart Raises Starting Wage To $11, Provides One-Time Bonus Following Trump Tax Reform
This report was originally published by Tyler Durden at Zero Hedge Add Wal-Mart to the growing list of companies boosting employee compensation in the aftermath of the passage of Trump’s tax reform. In a just released press release, Wal-Mart Stores announced it is boosting its starting hourly wage to $11, expanding maternity and parental leave […]
Here Is The Full Text Of The Final Republican Tax Bill
Update: in addition to the previously leaked highlights (see below), Republicans on Friday evening released the final version of their legislation to slash tax rates for corporations and individuals. The 1,097 page document, containing the bill and an explanatory statement, was crafted by the House-Senate conference committee. The bill is expected to come up for […]
Does Trump’s Tax Plan Single Out Family Trusts As A Way To Subsidize Corporate Tax Cuts?
According to an analysis from the Tax Policy Center, the Senate’s recently passed tax plan will increase the after-tax income of folks in every income bracket. Of course, there are exceptions to every rule and plenty of arguments to be had between the Left and Right over how the tax savings scraps should be divvied […]
Paul Craig Roberts Exposes “Plunder Capitalism”
Authored by Paul Craig Roberts, I deplore the tax cut that has passed Congress. It is not an economic policy tax cut, and it has nothing whatsoever to do with supply-side economics. The entire purpose is to raise equity prices by providing equity owners with more capital gains and dividends. In other words, it is […]
Here Is The Full Text And Summary Of The Amended House GOP Tax Bill
While we await the full details of the Senate bill, moments ago the House Ways and Means Committee released the Amended House GOP tax bill, as well as its summary. Here are the key highlights from the Amendment (link), first in principle: Amendment to the Amendment in the Nature of a Substitute to H.R. 1 […]
“I Thought I Was Middle-Class?”
Authored by Jim Quinn via The Burning Platform blog, “The best way to teach your kids about taxes is by eating 30% of their ice cream.” – Bill Murray When I saw that slimy tentacle of the Goldman Sachs vampire squid, Gary Cohn, bloviating about Trump’s tax plan and how it was going to do […]
The “Trump Tax Plan” – Details & Analysis
Submitted by Lance Roberts of Real Investment Advice Almost a full year after the election of Donald Trump to the White House, one of the key promises made to voters was the largest “tax cut” since Ronald Reagan was in office. As President Trump stated in Indiana yesterday: “This is a revolutionary change, and the […]
South Korea Introduces World’s First Robot Tax
In case you missed it, South Korea has introduced what is being called the world’s first tax on robots amid fears that machines will replace human workers, leading to mass unemployment. Of course, one can’t actually tax robots so what they’re actually doing is changing the corporate tax code to provide disincentives for capital investments […]