Taxes directly affect Americans by compelling them to surrender part of their income to the government, and indirectly since the taxing power can positively or negatively affect economic growth.
In the U.S., our tax regimes are in serious need for reform, both at the state and federal level. Our tax code fails to sufficiently incentivize investment, the primary driver of economic growth. And it hobbles U.S. companies as they compete internationally.
IPI believes that the purpose of taxes is to raise the revenue necessary to fund the legitimate functions of government while imposing the least possible impact upon the functioning of the economy. We therefore believe that taxes should be simple, transparent, neutral, territorial and competitive.
Because of its tremendous potential to stimulate real long-term economic growth, tax reform should be a top priority of policymakers.
Chaffetz Bill More Dangerous Than Marketplace Fairness Act
A new online sales tax bill introduced today by Congressman Jason Chaffetz (R-Utah) is not only even more harmful than the Marketplace Fairness Act toward small businesses and interstate commerce, but also opens the gates to an unprecedented expansion of taxation and taxpayer harassment by out-of-state tax collectors.
Veteran Dallas Reporter Makes Rookie Mistake on Taxation of U.S. Firms' Overseas Profits
Will Deener, Dallas Morning News columnist, recently moaned about how big U.S. companies engaged in real businesses are avoiding paying billions in taxes because "the nation’s largest companies stockpile billions of dollars in profits overseas." In the process, he assumed that companies would pay the highest federal income tax rate of 35 percent on all overseas profits repatratriated. That's simply wrong, and it's astonishing that someone with his experience doesn't know any better.
A Dallas Morning News Columnist Gets It Wrong on Overseas Profits
The repatriation issue opens the door for a serious discussion about the pressing need for tax reform in a global economy.
It's Time We Gave Every Law a Time Limit
Insisting on sunset clauses would be a significant structural improvement in the function and efficiency of government at all levels, and would protect Americans from an ever-spreading snarl of outdated laws and regulations, administered by a government incompetent enough to allow them to accumulate in the first place.
Digital Discrimination
In this world nothing can be said to be certain, except death and taxes. Thanks to the inaction of Congress, taxes are multiple, discriminatory, and certain in the digital world.
Digital Discrimination
In this world nothing can be said to be certain, except death and taxes. Thanks to the inaction of Congress, taxes are multiple, discriminatory, and certain in the digital world.
House Small Business Committee Hearing
In comments prepared for the House Small Business Committee, NTU's Pete Sepp cites IPI president Tom Giovanetti's March 2015 analysis examining the impact on business decision-making around the up-and-down turmoil of the Section 179 small business expensing limit over the past few years.
Want Lower Taxes? You Might Want to Move
If you want lower taxes you have three options...and one might involve a moving truck.
Eight Good Reasons To Abolish The IRS
Looking at the long list of IRS abuses, something needs to be done.
Letter Urging Withdrawal of Funding to O.E.C.D
American taxpayers should not be asked to subsidize international organizations working against U.S. interests.
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