Heritage Foundation has issued a set of five simple actions Congress must take in order to meet the electoral mandate of the American people. These five priorities represent the bare minimum of what is expected of our new representatives.
Heritage Foundation has issued a set of five simple actions Congress must take in order to meet the electoral mandate of the American people. These five priorities represent the bare minimum of what is expected of our new representatives.
The perpetual drumbeat for tax reform continues to echo around Capitol Hill. On August 5th, Senators Richard Durbin, D-Ill., Elizabeth Warren, D-Mass. and Jack Reed, D-R.I. urged President Obama to take independent action to stop the tax-avoidance practice commonly known as corporate inversions. Their plea was made to the deserted corridors of the Capitol, as Congress has left Washington, D.C. for its August recess. The Administration has suggested that executive authority might be exercised to prevent inversions, albeit only as an alternative to Congress not moving forward with tax reform.
The PPT is based on the US Fiscal Cliff deal, a the popular term to describe the expiry of tax breaks and introduction of spending cuts leading to conundrum that the US economy faced at the end of 2012
Blog – Failure of Trudeanomics
1. Cost of living continues to rise - @JustinTrudeau keeps finding ways to tax people. Trudeau policies are not making things more affordable unless you are friends of the LPC! https://www.slideshare.net/paulyoungcga/cost-of-living-canada-february-2021
2. Housing bubble - https://www.mortgagebrokernews.ca/news/how-likely-is-a-canada-housing-crash-354545.aspx
3. Canada had 15B+ deficit with slower growth before COVID19 - https://ipolitics.ca/2021/03/31/pbo-projects-363-4b-federal-deficit-faster-economic-recovery/
4. Failure to safeguard assets and Canadians - https://www.oag-bvg.gc.ca/internet/English/att__e_43789.html
5. Canada competitiveness slipping - https://www.theguardian.pe.ca/opinion/local-perspectives/kevin-lynch-paul-deegan-atlantic-canada-not-keeping-up-with-the-global-competition-571328/
6. Potential structural issues with unemployment - https://www150.statcan.gc.ca/n1/daily-quotidien/210312/dq210312a-eng.htm
7. Trudeau promised open and transparent government which did not happen
8. Trudeau green reset is also a mistake as internal reports have shown issues with his subsidies program –
Few green energy projects are viable without subsidies, says an internal report at the Department of Natural Resources. Auditors called it a market failure: “Analysis of the financial information was revealing.”
https://www.blacklocks.ca/green-power-subsidy-fueled/
I support green technology if it is viable without direct subsidies.
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-balance-between-economic-and-economic-policies (3/21)
https://www.slideshare.net/paulyoungcga/2019-election-direct-and-indirect-subsidies-to-businesses-august-2019 (Business subsidies are corporate welfare but gets ignored when these subsidies go to clean technology companies
Answers are with how you better manage the circular economy - https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
9. Slow growth
GDP was running 1.6% at the end of 2019 which is down nearly 40% from 2017.
GDP was in trouble pre-covid19.
2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
Jan/21 - https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
10. Forestry
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-january-2021
Global Forest Watch found that the world’s forests sequestered about twice as much CO2 as they emitted between 2001 and 2019.
CAN has 9% of the total forest as such this would mean CAN is a carbon sink. So, why does CAN need a carbon tax?
@SeamusORegan
State of the States: An Analysis of the 2015 Governors’ AddressesALEC
State of the States is an in-depth study of governors’ tax, budget and pension reform proposals. The report gives insight into which states proposed economic reform to protect taxpayers and which states took steps toward increasing state revenue. This report also features graphics that reveal regional trends in proposed reforms while also highlighting which states have a newly elected governor.
TAG Tax - Global Perspectives Call (U.S. Tax Update and Romania / Moldova Ove...TAG Alliances
The TAG Tax Specialty Group is proud to present its first in a series of virtual sessions aimed at exposing members to various international tax structures, policies and trends.
Date: February 8, 2017 at 11:00 am EST (New York, GMT-05:00)
Duration: 30 to 45 Minutes (Approx.)
Via: Webex (Register via the link below)
Complimentary for all TAG Alliances Members
[Note: If you are unable to attend or the time is not convenient for your time zone, please register for the webinar and you will receive a recording once it becomes available.]
~ In this edition: ~
U.S. Tax Update and What "Might" Be Ahead
International tax lawyer, Anna Derewenda of Williams Mullen (VA & NC, USA - TAGLaw), will provide members with an overview of what potentially lies ahead for the U.S. tax code and what businesses and individuals, both those in the U.S. and those with U.S. interests, can possibly anticipate.
Tax Overview Romania and Moldova
Bogdan Nastase of Group Expert Consulting (Romania - TIAG) will discuss common tax strategies in these very close, but very different countries. For example, even though these countries use the same language and business culture, Romania is an EU Member while Moldova is not—an interesting picture of international tax and financial planning.
Filling out tax forms and finding perfect tax help is getting more complicated every year. With this flip book, I published on my website http://www.ferrettafinancialservices.com/Time-to-Get-Tax-Savvy-Managing-Your-Tax-Burden.c5889.htm . I had given some help to you.
Tax Foundation University 2017, Part 1: Why Tax Reform? Why Now? Why Not Just...Tax Foundation
This presentation reviews key considerations in tax reform – balancing revenues, growth, and tax equity.
Charts describe the current tax system, its general framework, progressive structure, complexity, biases, and distorting features.
It also explores who pays taxes, and how markets shift the tax burden.
The perpetual drumbeat for tax reform continues to echo around Capitol Hill. On August 5th, Senators Richard Durbin, D-Ill., Elizabeth Warren, D-Mass. and Jack Reed, D-R.I. urged President Obama to take independent action to stop the tax-avoidance practice commonly known as corporate inversions. Their plea was made to the deserted corridors of the Capitol, as Congress has left Washington, D.C. for its August recess. The Administration has suggested that executive authority might be exercised to prevent inversions, albeit only as an alternative to Congress not moving forward with tax reform.
The PPT is based on the US Fiscal Cliff deal, a the popular term to describe the expiry of tax breaks and introduction of spending cuts leading to conundrum that the US economy faced at the end of 2012
Blog – Failure of Trudeanomics
1. Cost of living continues to rise - @JustinTrudeau keeps finding ways to tax people. Trudeau policies are not making things more affordable unless you are friends of the LPC! https://www.slideshare.net/paulyoungcga/cost-of-living-canada-february-2021
2. Housing bubble - https://www.mortgagebrokernews.ca/news/how-likely-is-a-canada-housing-crash-354545.aspx
3. Canada had 15B+ deficit with slower growth before COVID19 - https://ipolitics.ca/2021/03/31/pbo-projects-363-4b-federal-deficit-faster-economic-recovery/
4. Failure to safeguard assets and Canadians - https://www.oag-bvg.gc.ca/internet/English/att__e_43789.html
5. Canada competitiveness slipping - https://www.theguardian.pe.ca/opinion/local-perspectives/kevin-lynch-paul-deegan-atlantic-canada-not-keeping-up-with-the-global-competition-571328/
6. Potential structural issues with unemployment - https://www150.statcan.gc.ca/n1/daily-quotidien/210312/dq210312a-eng.htm
7. Trudeau promised open and transparent government which did not happen
8. Trudeau green reset is also a mistake as internal reports have shown issues with his subsidies program –
Few green energy projects are viable without subsidies, says an internal report at the Department of Natural Resources. Auditors called it a market failure: “Analysis of the financial information was revealing.”
https://www.blacklocks.ca/green-power-subsidy-fueled/
I support green technology if it is viable without direct subsidies.
https://www.slideshare.net/paulyoungcga/protecting-the-environment-through-proper-balance-between-economic-and-economic-policies (3/21)
https://www.slideshare.net/paulyoungcga/2019-election-direct-and-indirect-subsidies-to-businesses-august-2019 (Business subsidies are corporate welfare but gets ignored when these subsidies go to clean technology companies
Answers are with how you better manage the circular economy - https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
9. Slow growth
GDP was running 1.6% at the end of 2019 which is down nearly 40% from 2017.
GDP was in trouble pre-covid19.
2016 https://www.slideshare.net/paulyoungcga/2016-november-2016-gdp-gross-domestic-product-canada
2018 https://www.slideshare.net/paulyoungcga/gdp-canada-the-real-truth
Oct/19 - https://www.slideshare.net/paulyoungcga/global-growth-and-the-major-issues-facing-global-gdp
Jan/21 - https://www.slideshare.net/paulyoungcga/gdp-analysis-and-commentary-canadajanuary-2021
10. Forestry
https://www.slideshare.net/paulyoungcga/what-is-next-for-the-forestry-sector-january-2021
Global Forest Watch found that the world’s forests sequestered about twice as much CO2 as they emitted between 2001 and 2019.
CAN has 9% of the total forest as such this would mean CAN is a carbon sink. So, why does CAN need a carbon tax?
@SeamusORegan
State of the States: An Analysis of the 2015 Governors’ AddressesALEC
State of the States is an in-depth study of governors’ tax, budget and pension reform proposals. The report gives insight into which states proposed economic reform to protect taxpayers and which states took steps toward increasing state revenue. This report also features graphics that reveal regional trends in proposed reforms while also highlighting which states have a newly elected governor.
TAG Tax - Global Perspectives Call (U.S. Tax Update and Romania / Moldova Ove...TAG Alliances
The TAG Tax Specialty Group is proud to present its first in a series of virtual sessions aimed at exposing members to various international tax structures, policies and trends.
Date: February 8, 2017 at 11:00 am EST (New York, GMT-05:00)
Duration: 30 to 45 Minutes (Approx.)
Via: Webex (Register via the link below)
Complimentary for all TAG Alliances Members
[Note: If you are unable to attend or the time is not convenient for your time zone, please register for the webinar and you will receive a recording once it becomes available.]
~ In this edition: ~
U.S. Tax Update and What "Might" Be Ahead
International tax lawyer, Anna Derewenda of Williams Mullen (VA & NC, USA - TAGLaw), will provide members with an overview of what potentially lies ahead for the U.S. tax code and what businesses and individuals, both those in the U.S. and those with U.S. interests, can possibly anticipate.
Tax Overview Romania and Moldova
Bogdan Nastase of Group Expert Consulting (Romania - TIAG) will discuss common tax strategies in these very close, but very different countries. For example, even though these countries use the same language and business culture, Romania is an EU Member while Moldova is not—an interesting picture of international tax and financial planning.
Filling out tax forms and finding perfect tax help is getting more complicated every year. With this flip book, I published on my website http://www.ferrettafinancialservices.com/Time-to-Get-Tax-Savvy-Managing-Your-Tax-Burden.c5889.htm . I had given some help to you.
Tax Foundation University 2017, Part 1: Why Tax Reform? Why Now? Why Not Just...Tax Foundation
This presentation reviews key considerations in tax reform – balancing revenues, growth, and tax equity.
Charts describe the current tax system, its general framework, progressive structure, complexity, biases, and distorting features.
It also explores who pays taxes, and how markets shift the tax burden.
Tax Foundation University 2017, Part 5: Details of the Nunes, Cardin, Trump, ...Tax Foundation
This Tax Foundation University Online lecture takes a look at a few major tax reform plans including:
— The Nunes plan to reform business taxation
— Senator Cardin's progressive consumption tax
— The Trump Administration's tax plan
— The House GOP Tax Reform Blueprint
We also discuss these plans in the context of international taxation and teach you a little bit about the Value Added Tax (VAT).
Insero & Co. CPAs presents an overview of New York State and U.S. Tax reform, the economy and current trends, and what they mean for you. Whether you represent a large corporation or a small business, this update will help you get up to speed on current rules and regulations and plan for changes that may be on the horizon.
It is now time for all members of Congress — Democrat, Republican and Independent — to support pro-American tax reform. It’s time for Congress to provide a level playing field for our workers, to bring American companies back home, to attract new companies and businesses to our country, and to put more money into the pockets of everyday hardworking people. Go to www.passtaxreform.org to learn more.
Dave Rocker: Tax reform is difficult but effective if done rightDave Rocker
The real goal of tax reform should be to reduce the nation's debt as a percentage of GDP. Cuts for the sake of cuts will lead to short term wins but long-term calamity.
NERI Seminar - An examination of Tax Shifting and "Harmful Taxes"NevinInstitute
There is a growing view that progressive taxes on personal and corporate incomes are “harmful,” that is, detrimental to growth and to employment. This “harmful taxes” view has developed into a formidable intellectual argument to shift taxes from profits and incomes to consumption, based on a particular hierarchy of taxes.
The advocates of “harmful taxes” may be a conservative reaction against the growing public unease with increasing, secular inequality, the payment of little or no taxes by some of the richest people in the world and widespread, tax avoidance by some of the world’s most profitable and powerful multinationals.
The counterview in this seminar and paper is that the “harmful taxes” view prioritises one key principle of taxation over another. It prioritises efficiency over equity. It is also a contested viewpoint both from a principles of taxation viewpoint and on its main assertion of economic efficiency.
1.Amount of Retained EarningsThe IRS permits both types of corpo.pdfdilipanushkagallery
1.
Amount of Retained Earnings
The IRS permits both types of corporations to retain some profits for business purposes. At the
end of the year, corporations that need money to upgrade facilities and purchase equipment can
retain earnings from being distributed to their shareholders. Regular corporations can retain up to
$250,000 in earnings, while personal service corporations can only keep up to $150,000.
Corporate Tax Rates
One of the benefits of operating a corporation is the favorable tax treatment from the IRS. A
corporation is the only business structure in the United States with its own tax rates.
Corporations benefit from tax rates as low as 15 percent. However, personal service corporations
don’t get to take advantage of these low tax rates. In fact, most personal service corporations are
charged a flat tax rate of 35 percent on all profits, as of publication.
S Corporations
The subchapter S corporation is a smaller version of a regular corporation. It can only have up to
100 shareholders and one class of stock. The model used to tax S corporation profits is the pass-
through method. Under this taxation model, S corporations do not pay income taxes at the
company level. Instead, profits are passed through to its shareholders and taxed as income on
their individual tax returns.
Other Differences
Because profits flow directly to shareholders, the pass-through taxation method isn’t structured
for S corporations to retain earnings like personal services corporations. However, this method
prevents S corporations’ profits from being double taxed. Regular and personal service
corporations’ profits are taxed twice at the corporate level and again when they reported on the
shareholders’ individual tax returns as income. Also, S corporations cannot deduct fringe
benefits as business expenses given to employee-shareholders who own more than 2 percent of
the business.
2.High federal taxes can affect the size and strength of the small business population in several
ways. They can reduce the number of business births by discouraging those who might otherwise
form new businesses. Second, they can slow down the rate at which small businesses are able to
grow by making it more difficult for them to finance a rapid expansion. And third, they can
weaken the desire and the ability of small concerns to survive as independent enterprises by
making the gains from a sale or merger look more attractive than the income to be derived from
continued operation. It can be argued from the experience of individual firms that high taxes
have done all three of these things, but there are no data that indicate the extent of the impact in
any of these directions.
Nevertheless, there is some evidence that the high taxes which have been imposed on most
businesses during and since the last war have hurt many of the smaller concerns more severely
than they have the larger ones. Unless it has been expected to have spectacular growth, the small
dynamic business has been hand.
Impact of Government Investments on Business FirmsANKUSH
Government and business institutions in a country in many ways are interrelated and interdependent. In today’s global economy, businessmen and entrepreneurs are the driving forces of the economy.
For maintaining a steady and upward economic growth The Government must try to make the environment for business organizations suitable.
Tax reduction for economic developmentM S Siddiqui
The policy makers in Bangladesh prefer higher both income tax and customs duty in order to finance the development work defying the advice of economists. The own experience of tax reduction and reform in tax law since 1990s has increases higher revenue collection. Bangladesh should listen to economist and learn from the experience of two economies and ignore own experiences.
role of women and girls in various terror groupssadiakorobi2
Women have three distinct types of involvement: direct involvement in terrorist acts; enabling of others to commit such acts; and facilitating the disengagement of others from violent or extremist groups.
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
1. Vol. 5 – August 17, 2010
Tax Reform
THE ISSUE: costs the economy more in lost growth than it raises in
revenue.
Taxes should raise the revenue to fund necessary govern-
ment operations in ways that cause the least possible • Households Are Already Taxed Enough. American
economic damage. Accordingly, Congress and President households are sending more of their income to Wash-
Obama should reform the existing tax code and drop their ington, even with the 2001 and 2003 tax relief. For 2008,
current plans to increase taxes on high-income earners, the average household paid $21,616, which is well above
small businesses, investors, and other job creators. For the historical average of $16,334.
good reason, no school of economic thought advocates
raising taxes during a recession or in its immediate after- THE SOLUTIONS:
math. Raising taxes now would be reckless and irrespon-
sible. Instead, Congress should focus on tax reforms that • Block the Obama Tax Hikes. President Obama and
would grow jobs and the economy. Congress want to drastically raise taxes in January 2011,
which would stifle the anemic economic recovery and
destroy job creation. The current tax rates must be made
THE FACTS:
permanent for all individuals, businesses, and investors.
• Corporate Taxes Are Too High. At a combined govern-
• Permanently Eliminate the Death Tax. Congress should
ment rate of 40%, the U.S. has the second highest
stick with current policy and permanently repeal the death
corporate income tax rate in the world, which makes
tax once and for all. Abolition of this harmful tax will help
America unappealing in the competition for businesses
spur economic recovery, put unemployed Americans back
and jobs.
to work, and increase the long-term growth potential of
• The Problem with Progressivity. Top earners are the the economy. Most importantly, repeal of the death tax
immediate target for new tax increases, but the U.S. would restore the American Dream that if you work hard
tax system is already highly progressive. The top 1% of and live a virtuous life, you can pass the fruits of your labor
income earners paid 40% of all federal income taxes in to succeeding generations of your family without fear that
2007 while the bottom 50% paid only 3%.
, the government will take it away from them.
• The Return of the Death Tax. In January 2011, unless • Lower Corporate Income Taxes. The U.S. corporate tax
President Obama and Congress act, the death tax which rate should be set at or below the Organisation for Eco-
currently stands at 0% will be raised to 55% with a $1 nomic Co-operation and Development average of 26%
million exemption. The death tax discourages saving and to eliminate the incentive to move businesses and jobs
investing, undermines job creation, suppresses produc- overseas.
tivity and wage growth, contradicts the central promise
• Shift to a Territorial Tax System. The U.S. is one of
of American life—wealth creation-—and hurts those
the few countries that still taxes businesses on income
who have their savings tied up in land and other hard-to-
earned abroad. Taxing businesses only on the income
sell assets. The death tax is a drag on the economy and
earned within U.S. borders would improve our competi-
raises only 1% of all federal revenue. Estimates show it
heritage.org/solutions
Entitlements
Entitlements are one of the greatest domestic challenges the nation faces. This product is part of the Entitlements
Initiative, one of 10 transformational initiatives in our Leadership for America campaign.
9
2. tiveness at home and abroad, which in turn would spur
job creation.
U.S. Corporate Income Tax Rate Is
• Stop Taxing Businesses as Individuals. Taxes on small Increasingly Uncompetitive
businesses are often collected at high rates on owners’
individual tax returns. Instead, taxes should be collected COMBINED CORPORATE INCOME TAX RATE
at the entity level and rates reduced to 25%, which 42%
would help business to grow and create jobs.
39.4% 39.1%
• Fix Capital Depreciation Rules. Businesses typically
must deduct the cost of investments in new plants and
United States
equipment over years. Shortening or eliminating the
depreciation period would reduce the tax bias against 36%
34.8%
business investment, increasing business investment,
competitiveness, and future wage growth through higher
worker productivity.
• Eliminate the Alternative Minimum Tax. The Alterna-
tive Minimum Tax (AMT) is a secondary income tax sys- 30%
tem without purpose or justification that now threatens
to ensnare middle-income families. Eliminating the AMT
from individual and corporate income taxes would sim- OECD Average 26.3%
plify the tax code and prevent an unintended tax hike.
• Liberate Seniors from Payroll Taxes. As part of a
broader effort to reform of our out-of-control entitle- 24%
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
ment programs, seniors who wish to work into their
retirement years should be freed from the burden of Source: Organisation for Economic Co-operation and Development, at
http://www.oecd.org.
paying Social Security payroll taxes and employers who
heritage.org
are willing to hire and/or retain older workers should
be exempt from paying the employer share of the pay-
roll tax.
perceived cost of government and encourages its growth.
• Eliminate State and Local Tax Deductions. The deduc- Eliminating this deduction would both simplify the tax
tion of state and local taxes from federal taxes lowers the system and offset the cost of the proposed tax relief.
Solutions for America is a product of Heritage’s Leadership for America campaign. Our mission is to formulate and promote conservative public policies
based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
10