One For You, 19 For Me. I’m The Taxman! – Morning Linkfest (July 8)

by Aaron Levitt | July 8, 2014 9:04 am

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[1].

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[2].

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[3].

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[4].

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[5].

The Washington Post (Justin Moyer and Gail Sullivan): You’ll have to get that artisan cupcake somewhere else. Crumbs finally closes its doors[6].

Greenback’d (Tobias Carlisle): More evidence that value investing works over the long haul, as told via the eyes of economist John Maynard Keynes[7].

TraderFeed Blog (Brett Steenbarger): Want big long-term gains? Shoot for small ones first. Rinse and repeat[8].

Morningstar (John Rekenthaler): Watch your back when it comes to back-testing. It’s a slippery slope[9].

Pando Daily (Christopher Goscinski): Want to get back at Google (GOOG[10]) for essentially spying on you? You can spy on it. Well, at least on its Project Loon[11].

Aaron Levitt is an investment journalist living in Ohio. With nearly two decades of experience, his work appears in several high-profile publications in both print and on the web. Also likes a good Reuben sandwich. Follow his picks and pans on Twitter at @AaronLevitt[12].

Endnotes:

  1. the flight from taxes: http://www.reuters.com/article/2014/07/07/us-usa-tax-inversion-idUSKBN0FC29C20140707?feedType=RSS
  2. The high cost of dodging taxes: http://fortune.com/2014/07/07/taxes-offshore-dodge/
  3. the tax jump as well: http://business.financialpost.com/2014/07/04/u-s-tax-crackdown-driving-more-expats-living-in-canada-to-renounce-citizenship/
  4. based on tax evasion: http://www.ft.com/intl/cms/s/0/8d661baa-02b8-11e4-8c28-00144feab7de.html?siteedition=intl#axzz36sR7rXXa
  5. Believe it or not, that’s a big deal: http://www.cbsnews.com/news/at-last-a-tool-muni-investors-sorely-needed/
  6. Crumbs finally closes its doors: http://www.washingtonpost.com/news/morning-mix/wp/2014/07/08/crumbs-the-cupcakery-that-couldnt-goes-broke/?tid=hp_mm
  7. John Maynard Keynes: http://greenbackd.com/2014/07/07/john-maynard-keynes-and-the-performance-of-value-glamour-and-the-market-1926-to-april-2014/
  8. Rinse and repeat: http://traderfeed.blogspot.com/2014/07/creating-big-gains-through-small-wins.html
  9. It’s a slippery slope: http://news.morningstar.com/articlenet/article.aspx?id=654964
  10. GOOG: /stock-quotes/GOOG-stock-quote/
  11. Well, at least on its Project Loon: http://pando.com/2014/07/07/you-can-spy-on-googles-spy-balloons-using-regular-flight-tracking-tools/
  12. @AaronLevitt: https://twitter.com/AaronLevitt

Source URL: https://investorplace.com/2014/07/taxes-tax-evasion-goog/