Tag Archives: corporate tax cuts

UK cuts corporate taxes

By Andrew Busch | Published: March 23, 2011

Question of the day: In the midst of an austerity budget, why does the UK have a corporate tax cut?

The Osborne budget has tax cuts for corporates because it’s pro-growth and the closest to a “free lunch” available to create jobs in a country cutting back on government jobs.

Back in June, Mr. Osborne pledged to cut corporate taxes by 1 percentage point annually for the next four years. The first cut was to begin in April and will reduce the rate to 27% at a static cost of GBP 400 million. Osborne announced he’s going to cut the … …READ MORE

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A Step in the Right Direction

By Andrew Busch | Published: September 7, 2010

Also, up on CNBC: http://www.cnbc.com/id/39038675

Over the weekend, President Obama unleashed a fusillade of economic proposals meant to not only raise the nation’s hopes of economic recovery (just around the corner), but also to raise the flagging poll numbers of the Democratic party.

Here are the kenspeckel polling numbers that give Democrats a queasy feeling. According to a new Washington Post-ABC News poll, 40 percent of registered voters say they have more confidence in Democrats and 38 percent say they have more trust in Republicans.

Sounds okay, right? The problem is three months ago, Democrats had a 12-point advantage. The … …READ MORE

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Bring Back Corporate Tax Cut Fruit!

By Andrew Busch | Published: August 25, 2010

As we stare into the economic double dip abyss, there are still some low hanging fruit to be picked by policy makers to aid the economy and business. With changes to the tax laws focused on increasing receipts to pay for spending, tax cuts seem to be out of favor. However, I think it would be a great time to discuss a cut in foreign tax earnings for US companies.

Under current law, US companies are subject to US tax on foreign earnings when distributed to the US unit as a dividend. Given lower tax rates in some countries abroad, … …READ MORE

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