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Mr. Long responds that the term "tax" in the 1867 law has been interpreted very broadly.
The Supreme Court had interpreted the term "tax" very broadly for purposes of the law.
In the short term, tax policy is not an effective means of fine-tuning the economy.
So over the short term, tax increases are probably necessary, though they have their own problems.
Legislators on both islands bridle at the term "tax haven" and insist they have improved disclosure and tightened regulations.
Sitting here in the failing light, I feel that the term "tax exile" no longer seems to be an oxymoron.
Similar(38)
Such warnings allow the Conservatives to talk of Labour's "third-term tax rises".
In 2001 the administration rammed through long-term tax cuts, heavily tilted toward the affluent.
Republicans insist that the one-time stimulus be combined with long-term tax reduction.
Devising short-term tax incentives is the antithesis of creating long-term certainty — sticking to the rules of the game.
America needs to complement its short-term tax cuts with an agreement on medium-term deficit reduction.
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