As with any excise tax, the amount of revenue a weed tax could generate is a function of four big things: The tax rate, supply, demand, and price.

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If this cataclysm was at the same time a function of currencies, tax rates and incentives, trade laws and the other elements of the supply-side catechism, then we ought to have heard more of it.

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They included cost of living and the tax climate for retirees (generally a function of state law).

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However, many of our purely technical, function-specific learning (updates to tax regulations, for instance), have been transformed from live learning to rich virtual delivery.

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And private equity would find it much more difficult to function without the rule that allows interest to be tax-deductible.

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The key regulatory changes in the U.S. come from Dodd Frank and FATCA (Foreign Account Tax Compliance Act) will require firms to upgrade their compliance function, Owen said.

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This country cannot be expected to function properly if Congress continues to simply extend and patch the tax code.

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Also, given that both GDP and employment are a direct function of capital investment, our economy will not recover strongly as long as our corporate income tax is globally uncompetitive.

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It is important to realize federal illegality is going to put a huge crimp in the ability of these businesses to function legally, since it is likely that their operating expenses will not be deductible for federal income tax purposes.

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