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A Pro-Growth Tax Reform Proposal

Tax reform proposals have languished in the GOP controlled House of Representatives. In response, notable Free Market thinkers Steve Forbes, Larry Kudlow, Arthur Laffer and Stephen Moore lay out their pro-growth tax reform proposal in a New York Times Op-Ed. Rather than rewriting the entire code, the Forbes, Kudlow, Laffer and Moore propose targeting a

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409A and Equity Compensation: Ripe for Reform

The New York Times has an informative article about Silicon Valley companies offering equity compensation (common stock or stock options) to employees while selling preferred stock to investors based on higher valuations. The title suggests this is a dirty secret, possibly a dirty practice. But the problem stems from a complex tax law that could

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IRS to Focus on Offshore Earnings in 2017 Audits

Last week, federal law enforcement officials executed a high profile raid of Caterpillar to investigate accusations of international tax fraud. Regardless of the merits of the case against Caterpillar, the raid may have been meant to send a broader message to multinational companies that the United States will scrutinize strategies to shift income to lower

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Tax Reform by August According to Treasury Secretary Mnuchin

Treasury Secretary Steve Mnuchin has reaffirmed the administration’s commitment to significant tax reform before the August recess. According to Mnuchin, the plan will focus on tax cuts for middle-income individuals and tax simplification for business. However, Mnuchin  still hasn’t given the details of the administration’s tax plans.пломбирование зубов этапы

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Tax Reform and the Energy Industry

With a Republican president and a GOP controlled Congress, there is much speculation that we will see major tax reform in 2017.  But just a month into the Trump administration, no tax reform bill has been introduced. We are left to speculate what reforms will be proposed and ultimately passed. Among the ideas being floated

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Robots and the Future of Tax Policy

Robots and artificial intelligence are reshaping the workplace. Automation has replaced industrial and retail jobs. As robots and AI put current jobs at risk, they also threaten tax revenues to federal and international treasuries. The current U.S. tax system is based primarily on income and payroll taxes. If robots replace workers, the U.S. Treasury will

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Carried Interests and Interest Deductions in Private Equity and Venture Capital

The New York Times has a fascinating read this morning about the political (and personal?) tiff between Michael Moritz of  Sequoia Capital (Venture Capital) and Stephen A. Schwarzman, Blackstone Group (Private Equity) and the chairman of President Trump’s advisory business council. The article is a little “inside baseball” about the Private Equity and Venture Capital

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IC-DISC: Tax Saving Strategy for US Exporters:

In a world of multilateral trade pacts, there are few remaining benefits available for US exporters. The IC-DISC remains as the one, time-tested export tax strategy that offers tax savings for US exporters—even small to mid-market exporters. Because the IC-DISC is endorsed by the Internal Revenue Code and Treasury Regulations, using an IC-DISC should not