Tax Reform

Tax Reform News

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  Rudd to Challenge for Australian Leadership, Says Gillard Has Lost ‘Trust’

  Former Australian Prime Minister Kevin Rudd said he will challenge his successor Julia Gillard in a Feb. 27 leadership ballot as the ruling Labor party seeks to end weeks of rivalry that’s undermining the government.

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  Gillard Calls Australia Leadership Vote as She Seeks to Block Rudd Return

  Australian Prime Minister Julia Gillard called a leadership vote for Feb. 27, setting up a second showdown with her predecessor Kevin Rudd as weeks of growing tension damage the Labor government.

• Gulf on Foreign Profits Tax Threatens Deal on Corporate Rate Cut

  President Barack Obama’s belief that the U.S. tax system pushes jobs overseas and Republican assertions that multinational companies are disadvantaged will make compromise on a new corporate tax code difficult.

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  Obama’s Corporate Tax Plan Could Be Fairer and Simpler: View

  President Barack Obama’s corporate- tax framework, unveiled Wednesday, recognizes that the U.S. tax code desperately needs a spring cleaning. There are too many loopholes, deductions, subsidies, allowances and special rules.

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  Christie: Buffett Should ‘Write a Check and Shut Up’

  New Jersey Governor Chris Christie said billionaire investor Warren Buffett, who called for the nation’s wealthiest people to pay more taxes, should “just write a check and shut up.”

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  Russian Oil Boom’s End Means Lower Tax Haul

  Russia’s 12-year oil boom is nearing its peak, forcing the next president to decide whether to cut taxes and revive production or use the windfall from $100 oil to boost public spending and quell mounting unrest.

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  Obama Urges Congress to Reward Companies That Keep Jobs in U.S.

  President Barack Obama urged Congress to enact tax proposals that reward technology companies and other businesses that help create jobs in the U.S. rather than overseas.

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  Obama Says Export Aid Will Help U.S. Companies Compete

  President Barack Obama promised to boost support for U.S. manufacturers such as Boeing Co. that face subsidized foreign competition as part of his drive to increase exports.

• Two Tricks to Raising Capital-Gains Taxes Fairly: Ray Madoff

  From Warren Buffett’s secretary to Mitt Romney’s tax returns to the general uprising against the 1 percent, tax reform is on everybody’s radar. In the cross hairs is the preferential treatment for capital gains.

• IMF Urges Serbia to Cut Spending as Deficit Exceeds Targets

  The Serbian government needs to exercise more fiscal restraint this year after last year’s budget deficit and public debts exceeded agreed targets, the International Monetary Fund said.

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