Last year, 4,279 individuals renounced their U.S. citizenship or terminated their long-term U.S. residency, according to the Treasury Department. This figure is up by 25.3 percent from 2014, when 3,415 individuals...
- Putting a Face on America's Tax Returns: Chart 5
Putting a Face on America's Tax Returns: Chart 5
Key Findings: Under current law, businesses are not allowed to deduct inventory costs until the inventory is sold. There are three general methods by which companies may choose to calculate their inventory costs: First-in, First-out (FIFO);...
Key Findings The U.S. corporate income tax has a number of problems that could be addressed through a series of reforms. Corporate income taxes reduce economic growth under most simple economic models. The drag on growth from corporate income...
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