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Report: Tax breaks can reduce economic growth
Cutting taxes is not an effective way to increase economic growth, according to a report released Thursday by The Hamilton Project. “This report reinforces the wake-up call we have been issuing about the Republican tax proposals that – in the name of tax reform – would lead to additional tax…
Swiss end tax breaks, drive out millionaires, bring in more money
GENEVA — The region of Zurich, the home of Swiss banking, has lost nearly half its foreign millionaires two years after scrapping special tax breaks, according to official figures. Of the 201 foreign residents who benefited from the tax breaks which the canton scrapped in early 2009, 97 have decamped…
Obama says U.S. on track to doubling exports
US President Barack Obama said Saturday his administration was headed toward fulfilling its commitment of doubling US exports over five years and promised to reward businesses that created jobs at home with tax breaks. “Two years ago, I set a goal of doubling US exports over five years,” the president…
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