While almost everyone agrees that the current U.S. system for taxing foreign proäts of American corporations is counterproductive, there has been heated partisan debate about what should be done. Now, with Republican dominance of Congress and the White House, we should look carefully at House Speaker Paul Ryan’s path-breaking plan for corporate tax reform.
Under current law, foreign proäts of American corporations are legally subject to a 35 percent U.S. tax — the highest corporate tax rate among industrialized countries. In fact, American corporations do not pay this tax unless and until they bring these foreign proäts back to the U.S.
Thus, the current system mainly beneäts tax lawyers and accountants.
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Did you make a resolution to be more productive in 2014? Attend my course, “Maximizing Your Productivity,” at MIT Sloan this Spring! Check out more about the course at http://executive.mit.edu/openenrollment/program/maximizing_your_personal_productivity/61.
By Kelly Johnson.
Of all the intriguing details Michael Lewis revealed in his Vanity Fair profile of President Obama this month, the bit about the suits sticks with me. The president wears either blue or gray. With so many high-octane decisions to make each day, why waste even a moment lingering at the closet (or the tie rack or the sock drawer)?
Read the rest at WashingtonPost.com
An excerpt from Extreme Productivity: Boost Your Results, Reduce Your Hours.
Many executives race from meeting to meeting or crisis to crisis without giving much thought to the rationale for their hectic schedules. They spend too little time on activities that support their highest goals and often report a serious mismatch between priorities and time allocations.
Think carefully about why you are engaging in any activity and what you expect to get out of it. Establish your highest-ranking goals and determine whether your schedule is consistent with this ranking. This process has six steps:
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Since the Great Recession, many professionals have been facing more challenging schedules and more daunting to-do lists. This makes it all the more important for professionals to be able to get their work done quickly and effectively. Here are the three steps that I consider most critical to be efficient at work.
Read the rest at Lifehack.org.
A month ago, I wrote about how you can take a relaxing vacation. But as the calendar shifts from August to September, vacation season is coming to an end for most of us. Fortunately, going back to work doesn’t have to mean going back to the same old grind. Here are some tips for finding a new, better rhythm when you head back to work.
Read the rest at Lifehack.org