Taxes

1:46am

Fri June 28, 2013
Planet Money

Economists Have A One-Page Solution To Climate Change

Originally published on Fri June 28, 2013 8:45 am

CX Matiash AP

Climate change seems like this complicated problem with a million pieces. But Henry Jacoby, an economist at MIT's business school, says there's really just one thing you need to do to solve the problem: Tax carbon emissions.

"If you let the economists write the legislation," Jacoby says, "it could be quite simple." He says he could fit the whole bill on one page.

Basically, Jacoby would tax fossil fuels in proportion to the amount of carbon they release. That would make coal, oil and natural gas more expensive. That's it; that's the whole plan.

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11:03am

Fri June 21, 2013
The Two-Way

Online Sales Cost Cities And Counties Billions In Taxes, Mayors Say

Originally published on Fri June 21, 2013 3:53 pm

A chart shows estimated tax revenue losses due to online sales in 11 U.S. cities. Figures for 2013 are projections.
IHS Global Insight

Online retail sales are cutting into tax revenue in counties and cities, according to a report issued by the U.S. Conference of Mayors on Friday. They estimate the lost revenue for America's largest cities and counties came to about $2.8 billion for 2011 and 2012, combined.

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3:36pm

Wed June 19, 2013
Economy

G-8 Nations Pledge To Crack Down On Corporate Tax Evaders

Originally published on Wed June 19, 2013 8:18 pm

Leaders take part in the G-8 summit in Northern Ireland on Tuesday. Their discussions included tax-avoidance issues.
Ben Stansall WPA Pool/Getty Images

The world's wealthiest nations are promising to fight what they call the scourge of tax evasion. This week's meeting of the Group of Eight industrialized countries concluded with a pledge to end the use of tax shelters by multinational corporations.

But there are still big questions about how they will make a dent in the problem.

In the aftermath of the global recession, countries all over the world have struggled with budget shortfalls. More and more of them have come to blame part of their revenue problems on one culprit — tax avoidance.

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3:50pm

Wed May 29, 2013
It's All Politics

The 10 Biggest Tax Breaks (And How Much They Cost)

Originally published on Wed May 29, 2013 4:01 pm

The 10 biggest breaks, deductions and credits in the U.S. income tax code are costing the Treasury $900 billion this year, with more than half of that total benefiting the wealthiest 20 percent of taxpayers.

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6:26am

Sun May 26, 2013
Around the Nation

Indianapolis Speedway Needs Boost, But With Taxpayer Funds?

Originally published on Sun May 26, 2013 11:24 am

Indiana Gov. Mike Pence has approved $100 million in bonds to repair the Indianapolis Motor Speedway.
Jamie Squire Getty Images

Sunday is the 97th running of the Indianapolis 500, which draws hundreds of thousands of fans to the Indianapolis Motor Speedway. While it's an economic boon for the area, the 104-year-old track needs renovations — and just how it's getting the money is rubbing some Hoosiers the wrong way.

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