Most big mergers in America involve swapping shares, but this attracts punitive tax treatment in Japan.
Punishing small-business owners with punitive tax legislation such as this will only increase the unemployment rate and extend the recession.
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The tax rate on investment income from corporations would rise to 54.5% from 44.75%, a punitive tax on start-up or expanding businesses.
Is it time to reawaken this industrial giant, to get government back within its means, and to lighten our punitive tax burden.
Second, the proposal to use punitive tax policy to cover the mistake will actually have major unintended consequences when broadly applied.
Formula apportionment is attractive to governments that have punitive tax regimes, and it would be a blow to nations with more sensible low-tax systems.
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Businessmen fear punitive tax demands if, say, they offend an official.
In December the government slapped a punitive tax increase of 30 percentage points on imports of cars whose makers lack a factory in Mercosur or Mexico.
You won't hear Democrats admitting this punitive tax burden particularly when combined with child-care costs is a reason many women can't afford to work, even if they wish to.
As a material producer of gas -- and supplier to southern Europe -- Algeria has enjoyed interest from companies including BP, Statoil and Repsol, despite an increasingly punitive tax environment.
As it is, the unintended consequences of keeping the current punitive corporate tax code starves our country of capital.
This is unfortunate because the United States has one of the most punitive corporate tax systems in the developed world.
If politicians in, say, Arizona are worried that consumers will go online or travel across the border to avoid the punitive sales tax, then they should reduce their sales tax rate.
Supposing that actual and projected public spending justified higher taxation, Mr Parry's analysis strongly suggests that the country would have been better off paying for it through income taxes than through a punitive petrol tax.
States with no payroll income taxes, such as Nevada, Florida, Tennessee, Texas and New Hampshire, help restrain the greed of politicians in states that have punitive income tax systems, such as California, Illinois, New York and Massachusetts.
Manipulating the tax code is bad policy and serves to promote the Democrat agenda of punitive, targeted tax increases on individuals and groups they do not like.
Mr Lawson cut punitive income-tax rates but is now best remembered for the boom that turned into slump in the early 1990s.
People generally don't build up assets to leave them to the IRS. Certainly Warren Buffett doesn't, though he favors a punitive death-tax rate.
The number of taxpayers has also increased, partly because loopholes have been plugged and partly because rates have become less punitive, making tax evasion less attractive.
Instead of reducing the size of government and freeing up private enterprise to bring prosperity to rich and poor alike, the president contends that if the middle class is to be preserved, government must become bigger, more active, more redistributive and punitive tax more, spend more and regulate more.
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And even when governments raise the money, they should first get rid of deductions and reverse unmeritocratic measures (such as George Bush's repeal of America's death tax) rather than jacking up income-tax rates to punitive levels.
Like other U.S. companies, Apple pays an extreme tax penalty for bringing its foreign profits home to invest in the U.S. This is due both to the punitive U.S. tax rate and the fact that the U.S. is virtually alone in refusing to embrace a territorial tax system that applies corporate income taxes only in the jurisdiction where the money is earned.
Kurth Ranch , is that it can't be punishment, punitive in the guise of a tax.
When the personal income tax on dividends becomes punitive, however, companies are reluctant to hand the money out to the owners.
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In other words, this is one of those rare cases where a tax increase is so punitive that the government winds up losing money.
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The only way around this simple fact is to discard any notion of non-discriminatory taxation and equal treatment under the law and design the tax code as a punitive instrument to redistribute income.
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Personal physical injury and physical sickness recoveries are tax-free, but punitive damages and interest are taxable.
Japan's tax reductions should encompass not only personal income and corporate profits but also the punitive capital gains levies on real estate, as well as the national sales tax.
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