In this blog post, I will provide a brief analysis of the tax proposal of the presidential candidates from the two major parties. First, I will examine the relevant portions of Republican nominee Donald Trump’s tax proposal and their potential impact on U.S. businesses and the overall economy. Then, I will do the same with…
Tag: corporate tax
A Quick Look at Michigan’s Corporate Income Tax
In May of 2011, Michigan Governor Rick Snyder signed into law a bill that made numerous adjustments to Michigan’s tax laws. These changes included replacing the Michigan Business Tax with a corporate income tax. The Michigan corporate income tax consists of a flat tax at a rate of 6%.1 At the time he signed this…
Going for the Beer, but Staying for the Taxes
Guinness isn’t the only reason to go to Ireland anymore. Ireland’s status as a tax haven has continued to attract companies who are unhappy with America’s sky-high corporate tax rate. With another major US corporation moving overseas through a merger, American politicians are forced to reevaluate corporate tax policy in order to maintain its tax…