© 2017 Farok J. Contractor, Rutgers Business School Republicans want a one-time tax of the money currently stashed overseas at a "tax holiday" rate of 8.75 percent, according to the House blueprint, while Trump has called for 10 percent. (Reuters, January 25, 2017) As a professor of International Business I am in favor of ethical business, … Continue reading Tax “Amnesty” for Multinationals—But Not for Illegal Immigrants
© 2016 Prof. Farok J. Contractor, Rutgers University Source: The Economist, April 9, 2016 Individual Americans will finish filing their returns on April 18, 2016, contributing approximately $3.1 trillion in income and social insurance (Social Security and Medicare) taxes to the highest federal government revenue of any nation on earth. But the US government will spend … Continue reading Happy Tax Day, USA (April 18, 2016): How are corporations and individuals footing the tax bill?