TAXES

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The US new battle arena: tax policy

NEW YORK | Every Republican candidate is trying to get as much political momentum as possible these days. And the tax code renewal is particularly inspiring the frontrunners. Herman Cain’s 9-9-9 tax proposal (9 percent federal sales tax, a 9 percent income tax and a 9 percent levy on businesses) has been a big point of focus, both because of his claims of the plan’s simplicity, as well as the…


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The war on taxes

“I don’t mean to get all class-warfare on you… But unless we find a way to spread the burden upward and cut the middle class some slack, it isn’t Greece we will soon be resembling”, writes Ellis Henican for Fox News, “it’s those old Caribbean islands Jimmy likes to sing about. Where a few super-rich families own just about everything. Where the vast majority of others have hardly anything at all.”


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Buffett, the socialist

You’ve certainly read by now Warren Buffet’s op-ed column in The New York Times “Stopping to coddle the super-rich”. Mr Buffett talked about raising the tax rate to the “rich” and “super-rich” in an effort to reduce the huge deficit in the US. While in Europe some members of the wealthy elite –like Maurice Lévy, chairman and chief executive of the French advertising firm Publicis or multimillionaire chairman of Ferrari…