Facebook Billionaire Gives Up Citizenship to Escape Bad American Tax Policy

By Daniel J. Mitchell

It is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order to protect their family finances. I’ve written about this issue before, particularly in the context of Obama’s class-warfare policies leading to an increase in the number of [...]

Facebook Billionaire Gives Up Citizenship to Escape Bad American Tax Policy is a post from Cato @ Liberty – Cato Institute Blog

President Obama’s Corporate Tax Reform Rearranges the Deck Chairs on the Titanic

By Daniel J. Mitchell

American companies are hindered by what is arguably the world’s most punitive corporate tax system. The federal corporate rate is 35 percent, which climbs to more than 39 percent when …

President Obama’s Corporate Tax Reform Rearranges the Deck Chairs on the Titanic is a post from Cato @ Liberty – Cato Institute Blog

President Obama’s Corporate Tax Refom Rearranges the Deck Chairs on the Titanic

By Daniel J. Mitchell

American companies are hindered by what is arguably the world’s most punitive corporate tax system. The federal corporate rate is 35 percent, which climbs to more than 39 percent when you add state corporate taxes. Among developed nations, only Japan is in the same ballpark, and that country is hardly a role model of economic [...]

President Obama’s Corporate Tax Refom Rearranges the Deck Chairs on the Titanic is a post from Cato @ Liberty – Cato Institute Blog

Mitt Romney and Bain Capital Were Right to Utilitize So-Called Tax Havens

By Daniel J. Mitchell

I’m not a big fan of Mitt Romney. I hammered him the day before Christmas for being open to a value-added tax, and criticized him in previous posts for his less-than-stellar record on healthcare, his weakness on Social Security reform, his anemic list of proposed budget savings, and his reprehensible support for ethanol subsidies. But I also believe [...]

Mitt Romney and Bain Capital Were Right to Utilitize So-Called Tax Havens is a post from Cato @ Liberty – Cato Institute Blog