Corporations use all sorts of complex stratagems to move their profits overseas, and thus escape the U.S. income tax. — T.R. Reid Copy Share Image
The higher the rate, the more interest there is in avoiding the tax. Either you move or you shift your profits overseas, as American corporations have proven very good at doing. — T.R. Reid Copy Share Image
We have the most expensive compliance system in the world. The IRS brags that they spend 35 cents for every $100 they collect. They're… — T.R. Reid Copy Share Image
President Trump repeatedly says that "America is the highest-taxed country in the world." This is an alternative fact. We pay less in taxes, and… — T.R. Reid Copy Share Image
The Value-Added Tax, a sales tax that applies at every level of business transactions, is an easy tax for governments to collect, and a… — T.R. Reid Copy Share Image
“When I was traveling the world on my quest, I asked the health ministry of each country how many citizens had declared bankruptcy in… — T.R. Reid Copy Share Image
When it comes to taxation, Americans are still banging out letters on a typewriter and dropping them in the mail box while everybody else… — T.R. Reid Copy Share Image
If you get rid of all these giveaways and loopholes and deductions and credits, then you can sharply lower the rates. — T.R. Reid Copy Share Image
If you ask any economist, they'll tell you all the mortgage interest deduction does is raise the price of the house. So a couple… — T.R. Reid Copy Share Image
It turns out a VAT - a value-added tax - is a very easy tax to collect and a very hard tax to evade.… — T.R. Reid Copy Share Image
Corporations use all sorts of complex stratagems to move their profits overseas, and thus escape the U.S. income tax. — T.R. Reid Copy Share Image
The Value-Added Tax, a sales tax that applies at every level of business transactions, is an easy tax for governments to collect, and a… — T.R. Reid Copy Share Image
“But Nikki White was a citizen of the world’s richest country, the United States of America.” — T.R. Reid Copy Share Image
Starting in the '80s or so, after the United States sharply cut its rates, other countries decided they better do it too, and here's… — T.R. Reid Copy Share Image
If your employer pays your health insurance, that's not counted as income to you. And any economist would say that's your income, because they'd… — T.R. Reid Copy Share Image
You also get a deduction in America for taking a night school course, growing sugarcane, moving to a new city for a job, replanting… — T.R. Reid Copy Share Image
Professor Eric Zolt of UCLA, said to me, "The VAT is such a good idea, mark my words, within five years, the U.S. will… — T.R. Reid Copy Share Image
