If last week's article in the New York Times about GE's tax liabilities interested you or piqued your curiosity possibly stimulating and creating a newfound desire to understanding the "corporate tax game" ProPublica’s story "Five Ways GE Plays the Tax Game" is well worth your time. Although the article reaches no definitive conclusions, because there really aren't any, it provides enough information to leave the reader with an understanding, albeit somewhat superficial, of how corporate tax specialists are able to game the system. The authors respect two principles; one being that the tax code and laws are extremely difficult to understand and the second being that frequently our best intentions to create a fair system ... More »
What stands out the most for me is the fact that no matter how hard we try to create a fair tax code there will always be others more devoted to finding ways around it. While I was reading this article I realized that John Boehner’s statement “in order to create jobs we need to remove the uncertainty that businesses are facing" is pure bullshit. Weren't the Bush tax cuts extended to eliminate that uncertainty? Whatever. Learning about things such as the "active finance exemption" ... More »
After the Jobs Creation Act took effect, Shannon, Ireland became the co-headquarters of the aviation leasing business, along with Stamford, Conn. According to Irish public ...