Nineteen states already have estate taxes. Expect them to raise rates and other states to impose estate taxes.
How much did the $862 billion stimulus package really help? Will the new tax cuts make any difference?
The authorities have launched a pilot project allowing some trade in renminbi. It comes as top US and Chinese officials wrap up a summit on economic coordination Tuesday.
With $345 billion in lost revenue, tolerance for off-shore avoidance fades.