We’ve all heard the saying: “There’s nothing certain in life, except death and taxes.” However, for many U.S. corporations, they may be paying a little bit less in the upcoming years. No, Uncle Sam isn’t being more generous. U.S. companies are fleeing our shores and setting up shop across the pond in Ireland. “Brass-Plating” is on the rise. Here’s Kevin Drawbaugh at Reuters with a look at recent Congressional study on the flight from taxes.
Fortune (Allan Sloan): Moving overseas to avoid taxes is a great strategy from the corporation’s point of view, but what about the rest of us? The high cost of dodging taxes.
Financial Post (Barbara Shecter): And it’s not corporations or really rich individuals either. Many middle class Americans living abroad are making the tax jump as well.
Financial Times (James Shotter): And don’t try to hide your money in the Land of Watches and Chocolate anymore. Switzerland is now cracking down and freezing accounts based on tax evasion.
CBS/MoneyWatch (Allan Roth): Municipal bonds have long been a way to avoid taxes, and now retail investors have a new tool to analyze them. Believe it or not, that’s a big deal.
The Washington Post (Justin Moyer and Gail Sullivan): You’ll have to get that artisan cupcake somewhere else. Crumbs finally closes its doors.
Greenback’d (Tobias Carlisle): More evidence that value investing works over the long haul, as told via the eyes of economist John Maynard Keynes.
TraderFeed Blog (Brett Steenbarger): Want big long-term gains? Shoot for small ones first. Rinse and repeat.
Morningstar (John Rekenthaler): Watch your back when it comes to back-testing. It’s a slippery slope.