Va. auditors examine grants to businesses
There have been cheers from football fans, but also some grumbling about “corporate welfare” since it was announced last week that the Washington Redskins will get $6.4 million in government money to expand their training facilities in Ashburn and move their summer training camp to Richmond. The eight-year deal is intended to keep the team […]
New Survey: Taxmageddon Paralyzes Business Plans
When it comes to taxes and economic growth, the most visible battle cry among businesses is to slash tax rates. Multiple business advocacy organizations and a string of Republican lawmakers say dropping the top federal U.S. corporate rate from 35 percent to 25 percent would boost U.S. companies to hire, invest, and compete globally. For […]
Territorial Tax System For U.S. Would Improve Global Competitiveness
America’s tax system needs an overhaul. It is too complex. Many provisions are unreliably temporary. Even rules that work as intended have been branded as loopholes. And the system is clearly uncompetitive, as shown by both our outdated worldwide system, which double-taxes American companies, and our corporate rate, now the highest in the developed world. […]
Taxmageddon sparks rising anxiety
Defense contractors have slowed hiring. Tax advisers are warning firms not to count on favorite breaks. And hospitals are scouring their books for ways to cut costs. Across the U.S. economy, anxiety is rising about the potential for widespread disruptions after the November election, when a lame-duck Congress will have barely two months to resolve […]
VEGAS: Washington State tax shakedown
As president of a national food company, I thought I had seen it all. Until, that is, the state of Washington decided to send me a $180,000 tax bill for simply visiting the the state. I understand that states are starved for revenue these days, but Washington has gone too far. Based on one visit […]
