peHUB First Read

* Sara Behunek: A history of American taxation and its discontents * The BVCA says that a proposed UK capital gains tax increase is "completely dotty." That may sound festive to American ears, but apparently it's not a compliment... * Ever heard of a location-based service startup called Where? Well, it's a lot like FourSquare, except with profits and lots more users. * Morning Call: U.S. futures point lower, London flattens, European shares drop, the Nikkei climbs on China data and Hong Kong shares inch up. * James Sturm quits the Internet. * Jennifer Shenker: Turkey is the new venture capital hotspot * Robert Shedd: Are we really creating startups via business plan competitions? * Tweet of the Day: All of 'em, because they're all going into the Library of Congress. Madison, Jefferson and @the_real_shaq.