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Guernsey should expect no special favours

Fri, 14 Nov 2008 10:00:02 +0000 | Tax Research UK

The Guernsey Evening Press has an article of the sort rippling around the press of the secrecy jurisdiction world suggesting they might have a tough time as a result of the election of Barack Obama. The discussion below the article referred to my work, that of others I know and of the Tax Justice Network, despite [...]

In the News: Tax Strategies, Tax Fraud, Tax Relief and Carbon Tax

Wed, 03 Dec 2008 00:00:00 CST | Tax Foundation's Tax Policy Blog

A lot of tax talk in today's news:

The Wall Street Journal's Tax Report goes through its "Year-End Strategies to Trim Your Taxes." Among the recommendations is "stayin' alive" ...

"Buried in the tax law is a powerful incentive for many wealthy people who care about their heirs to stay alive at least until the dawn of 2009. The basic federal estate-tax exclusion, now $2 million, is scheduled to soar to $3.5 million next year. Thus, if someone survives until Jan. 1, an additional $1.5 million of that person's estate will be sheltered from the federal estate tax, where the top rate is 45% both this year and next."

Yikes! Anyhow, the report also says that "tax planning will be trickier than usual because of factors such as the stock market's volatility and the possibility of significant tax changes next year when Barack Obama takes over as president." Just goes to show how out-of-line our tax code is when it comes to simplicity and stability, two principles of sound tax policy the Tax Foundation promotes.

In other news:

The WSJ's editorial staff cheered the Department of Justice's dropping of a tax fraud case against KPMG.
Richard Rahn of the Washington Times tries to define what an economic stimulus is. He proposes fixing monetary policy and financial regulation that have created the wrong incentives, cutting the payroll and corporate taxes, shifting land titles to the Social Security Trust Fund, and allowing for full write-offs of capital gains losses.
Finally, Ralph Nader and Toby Heaps propose a global carbon tax in today's WSJ.

LETTERS: Diversionary tactic

Tue, 23 Dec 2008 18:59:43 GMT | Business Standard

In your article Nothing Personal,December 23, A K Bhattacharya has chosen the easiest course of defending the finance ministers view of the newspaper article of

Mutual Funds, ETfs News

Thu, 15 Jan 2009 05:37:50 -0800 | BestNoLoadFunds.com

2008's ETF Winners - Morningstar Specialists

Scott Burns, director of ETF Analysis wrote an article at the end of September discussing...

Economics of Contempt : Thoughts on, inter alia, economics, law, and politics

Sun, 15 Feb 2009 14:59:03 +0000 | Newsvine

Only because I don't like having someone tell me I can not post a reply to an article that I have just read, I looked for another article - same topic, same book. Here, anyone that wants to leave a comment can.

ETFs and Mutual Funds News

Fri, 20 Feb 2009 05:45:28 -0800 | BestNoLoadFunds.com

What's in Your ETF? - Morningstar Specialists

Disclosure: Morningstar licenses its indexes to certain ETF and ETN providers, including Barclays Global...

WaPo Weighs In On the Sorry State of BigLaw

Mon, 09 Mar 2009 18:56:15 GMT | WSJ.com: Law Tax Attorney

The law-firm business model is outmoded. So proclaims this Washington Post article today, which hits on an increasingly common theme: the inefficiency of the billable hour, inflated associate salaries, increasing client pressures for cost savings, which is driving low-end legal work to India. WaPo follows the recent career arc [...]

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