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Jacques DP

Starbucks tax evasion - 0 views

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    This article talks about how lage companies like Starbucks and Google are evading tax in the UK by ensuring mae no profits, thereby avoiding corporate tax. These companiesmake billions in but " they ensured they made no profits through large royalty and other payments to offshore companies" (2012, Telegraph) There are understandaby many peopl who are upset about this and calling it unfair. It also undermines the profits of local companies. A solution thatis beng suggested is a sales tax. However many expertssa tha what te TNC's are doing is perfectly legal and said "corporation tax was a tax on activity."
Mathias S

Sales Tax Slice: Colorado to Tax (Still Illegal) Marijuana Sales, Arkansas and Cali... ... - 0 views

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    This article is interesting due to the fact that it provides an overview of the changes in taxes in the United States. It is also interesting how taxing Cannabis will affect the market for it and the economy of the states.
Cedric M

Oregon Tax Trouble: The dreaded sales tax must be weighed as a part of fiscal reform - 0 views

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    There is a taboo word in the state of Oregon, it's 'sales tax'. The people of this state have rejected sales tax nine times, and the government does not know what to do about it. Politicians are also scared from the word 'sales tax' because if any of them was for it, it would mean suicide for the political party.
Xinmian H

One Bad Energy Subsidy Expires - NYTimes.com - 0 views

  • The 45-cent-per-gallon tax credit for oil companies to blend ethanol into gasoline cost taxpayers $5 billion to $6 billion a year,
  • It boosted corn prices and increased food prices generally by encouraging farmers to replace other crops with corn.
  • deepening the budget deficit.
  • ...3 more annotations...
  • corn ethanol generated more carbon dioxide than gasoline
  • ending the subsidies would
  • have no effect on gas prices for consumers and only a trivial effect on industry profits,
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    The Congress is preparing to cancel subsidy for corn ethanol and the tax break for oil companies. The tax credit deepened the budget deficit. It also raised corn price and food price as farmers started to replace other crops with corn. However the House of Representatives won't pass any law that would end the subsidy because their paymasters want the subsidy to keep the demand up.
Bora T

Abreast of the Market: Tax Threat Prompts Selloff - WSJ.com - 0 views

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    American politicians are battling with taxes. 
Elnara H

Excise Tax Looms for Medical Device Industry - 0 views

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    The article talks about the affect of the imposing tax on medical devise industry, that is not profitable at all. The future of medicine will get worse, because they won't be able to buy advanced technology ect. By imposing tax on medical devise industry may cause a lot of problems, which are mentioned in the article.
Cedric M

Nutella Tax on palm oil doesn't go down well with manufacturers, consumers - 0 views

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    The article is about France wanting to increase the tax on palm oil by 400% and palm oil makes up 20% of the ingredients used in nutella. Nutella is Europe's favourite breakfast chocolate and hazelnut spread. The article states that the reason for the tax increase is because its link to health concerns leading to obesity as well as causing severe damage to the environment.
Tony L

Tax on the Wealthy - 0 views

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    The republicans shift by saying that taxing the wealthy will balance the economy by a bit.
Deepak B

Denmark introduces world's first food fat tax - 1 views

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    Denmark has introduced what is believed to be the world's first fat tax - a surcharge on foods that are high in saturated fat. This article is an example of normative economic reasoning as the governments have a goal to improve the country's health which would lead to a better economy.
anonymous

Reign in Multinational companies - 0 views

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    Oxfam wants countries to use the G20 summit meeting to reign in multinational companies who are avoiding taxes because of their large geographic location.
anonymous

Price Controls: Obama's Higher-Education Agenda, Part 2 of 8 - 0 views

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    Obama has mentioned that he will set a price control on the college education. With the increased price of universities and colleges, students are finding it increasingly more difficult to attend college. Therefore Obama has set out to confront this problem. He proposed to make permanent the American Opportunity tax credit. Colleges have to either lower their tuition rate or accept the fact that with higher tuition rates they will have lower funding from the governments.
Mathias S

Prices and Taxes in Cuba - Havana Times.org - 0 views

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    This article is interesting because it offers as a window into the concept of equilibrium in the case of a socialist nation
Adil R

Obama Needs to Learn "Opportunity Cost" - 1 views

    • Adil R
       
      This article asses Obama's stimulus plan. It talks off how congress passed the ARRA stimulus package which injected $787billion into the government sector. Obama stated that this package wouldnt allow the unemployment rate to pass 8% however it reached 10%. Obama said that the depth of the recession couldnt be foreseen however there were many people who predicted it.
  • that unemployment with his bailout would likely reach 10 percent.
  • he also doesn’t understand basic economic concepts such as “opportunity cost.
  • ...38 more annotations...
  • experts promised that unemployment rates wouldn’t pass eight percent
  • creates money out of thin air via the Federal Reserve
  • as the cost paid when something is given up to get something else.
  • The federal government can’t spend money on “stimulus” projects without siphoning the money out of the economy as a whole
  • resulting inflation of the money supply dimishes the purchasing power
    • Adil R
       
      The article then goes on by stating Obama does not know the concept of opportunity cost. $787billion was taken out of the federal reserve to pay for federal programs resulting into the weakening of the current dollar value and inflation. This had an impact on everyone, nearly $7000 per household. Government jobs do not make a salary and therefore do not stimulate the economy. This can also lead to an increase in taxes whilst still barely benefiting the community. Opportunity cost kicks in here as the obama administration thought that this was the next big thing as apposed to injecting it to private sector. The article too talks about how private businesses contribute to the economy even if the company is failing as it still receives services and eventually the more efficient company will take over. Moreover they can make profits and they can better the economy by hiring or purchasing consumer goods.
  • taxpayers would likely spend or invest nearly all of that money taken from them
  • dollars with more valu
  • nvest more in their company, or pay higher dividends to investors
  • save the money and invest it in business growth
  • more consumer goods
  • $7,000 per household
  • defined
  • teachers, police officers,
  • irefighters on state
  • payrolls doesn’t stimulate the national economy
  • hurts
  • Government jobs
  • do not make a profit
  • Governments
  • hire employees and build overpriced buildings and roads
  • money is gone.
  • putting more funds into the hands of government is not efficient
  • reinvest those profits in the manufacture of new goods, jobs, and more efficient factories.
  • businesses employ people for a profit
  • replaced with more efficient businesses
  • allowed
  • to fail
  • government entities subsidize inefficient private corporations
  • allowed to fail
  • hey should
  • free market inefficient businesses
  • inefficient governments
  • never happens
  • government jobs require constant transfusions of taxes
  • static number of people employed
  • private sector is the only area of the economy that can lead to self-sustaining job growth and economic recovery
  • He should know that opportunity costs under ARRA demonstrate that the “stimulus” bill tipped the unemployment figures higher and worsened the economic recession.
Yusuf L

Researchers say Quebec's standard of living is dropping, public spending is in crisis |... - 0 views

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    The tax burden on citizens in Quebec has made Quebec one of the poorest provinces in Canada. As there is not a lot of growth within Quebec, the tax burden is increasing and this causes Quebec's standard of living to drop.
Landon F

India's Shrinking Current-Account Gap Reduces Risks to Rupee - Bloomberg - 0 views

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    This articles states that the slowing down of gold imports has made "India's current-account deficit... the lowest level since 2010... offering a potential boost for the nation's currency."
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    This article talks about how taxes on gold imports have decreased the imports and led to a decrease in the current account deficit.
Nehir D

Daimler-Benz to Cut Production Costs - 1 views

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    The article is about the giant West German Daimler- Benz group which tries to decrease the cost of production to avoid the future economic breakdown the cost of technology which was the main concept for Daimler and the number of workers decreased according to the such find of economic collapse of the company.
Christopher P

Economy Gains Strength as Retail Sales Jump - 1 views

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    According to the Commerce Department, consumer sales have risen 1.1% in February, the largest increase in 5 months. The good news calmed fears that the recent expiration of the payroll tax cut would reduce the willingness of consumers to purchase goods. Consumer spending makes up 2/3 of the macroeconomy and it therefore always a reliable gauge of the current status of the national economy.
Nehir D

Strong Housing and Auto Sales Boost U.S. Economy - 0 views

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    The article is talking about the strengthening housing recovery and robust auto sales contributed to moderate growth across the United States.Employers added only 88,000 jobs in March, a sharp slowdown from average gains of 220,000 in November through February. And consumers cut back on their spending at retail stores and restaurants last month, a sign that higher Social Security taxes have made more Americans cautious about spending.Debate was about Fed policymakers about when to rein in the bond-buying program, which began last fall.The Fed is expected to stick with plans to keep short-term interest rates at record lows at least until unemployment falls to 6.5 percent. And it will likely continue purchasing $85 billion a month in Treasury and mortgage bonds to lower long-term rates and encouraging more borrowing.
anonymous

Big brother and the oil company - 0 views

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    I really enjoyed this article, though it may be a little to subjective at times. However it still arises a great point, this article goes in depth about how the U.S. government has been giving out subsidies to big oil companies. This article also gives a little history and historical background on the topic dating back to when hugo chavez took power in south america. All in all it is a great article.
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