Rep. Paul Kujawski of Webster, MA, sponsored an amendment to the House budget for studying whether university endowments worth over $1 billion in the state should be slapped with a 2.5% tax. This has a created a little storm in academic circles in MA, with every two bit economist and every major media outlet coming out against the proposal.

Wall Street Journal reports that the U.S., Canada, Sweden, Australia, Italy and France yesterday confirmed they are investigating dozens of their citizens for allegedly hiding assets at a bank in Liechtenstein. German prosecutors say they have expanded their investigation to include a second, unidentified Liechtenstein-based bank.

Walmart lost a ruling in North Carolina where it sought tax refunds worth $33.5 million in taxes, penalties and interest which it had paid for using a tax scheme where Walmart paid itself rent and then claimed tax deductions for that. Three more states set to follow...