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Stories by Katy O'Donnell:

Tax Code Rewrite Prospects: Wait 'Til Next Year

April 15, 2015

Washington always seems to be asking whether this will finally be the year Republicans and Democrats somehow set aside their differences on one of their most fundamental issues and undertake a full rewrite of the sprawling, unwieldy monster known as the tax code.

Proposed Tax Breaks Don't Hold Water With Ryan

April 15, 2015

Both parties have, in the past, supported using tax incentives to attract businesses to impoverished communities, with programs — variously called “enterprise zones,” “promise zones,” “empowerment zones” or “economic freedom zones” — that include tax breaks for expensing, financing and wage costs.

OECD Seeks Change In Global Taxation

Feb. 25, 2015

Thanks in part to past concerns that globalization could lead to double taxation, corporations have numerous techniques at their disposal to reduce their tax bills, including the placement of subsidiaries and spinoff holding companies in low-tax jurisdictions.

Lawmakers May Find Consensus on Taxes Overseas

Feb. 25, 2015

If there’s one part of the tax code that both parties want to overhaul sooner rather than later, it’s taxation of foreign profits.

Income Inequality Hurts States, Dampens GDP Growth

Sept. 17, 2014

Standard & Poor’s says income inequality is becoming a problem for state governments.

Economic Growth: Is Playing With Taxes the Answer?

Sept. 17, 2014

Heading into the midterm elections, both parties are hammering home their economic messages against a backdrop of stagnating wages and surging corporate profits.

Tax Treaties at Standstill in Senate Over Privacy Issues

June 11, 2014

Approving tax treaties with other nations used to be relatively routine business on Capitol Hill, but that’s no longer the case.

In Showdown With Lerner, House Imprisonment Not Out of the Question

April 29, 2014

Former tax official Lois Lerner’s confrontation with Congress over a potential contempt citation may get emphatically more dramatic, depending on how far back into congressional history House Republicans want to reach.

IRS: Bitcoin is Property, Not Currency

March 25, 2014

Virtual currencies such as bitcoin will be taxed as property rather than currency, the Internal Revenue Service said Tuesday in long-awaited guidance on online tender.

For Poverty, Tax Code Debate Offers Little Consensus

Jan. 8, 2014

With the 50th anniversary of President Lyndon B. Johnson’s declaration of a “war on poverty” triggering new congressional debates on fiscal issues, prominent members of both parties are trumpeting plans to limit poverty. For Democrats, the Wednesday anniversary is entwined with questions about income inequality, a theme the White House says it will emphasize this year.




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