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The “Race to the Bottom” and Global Minimum Corporate Taxes

Imagine if you had the chance to play basketball against a superstar from the NBA like Stephen Curry. No matter how hard you practiced beforehand, you surely would lose. For most people, that would be fine. We would console ourselves with the knowledge that we tried our best and relish he fact that we even […]

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Correcting White House Anti-Inversion Propaganda

I wrote recently about the Pfizer-Allergan merger and made the case that it was a very sensible way to protect the interests of workers, consumers, and shareholders. That’s the good news. Why? Because companies should be allowed to engage in a do-it-yourself form of territorial taxation to minimize the damage caused by bad tax policy […]

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Corporate Inversions: Obama Fiddles While the Corporate Tax Burns U.S. Competitiveness

The United States has what is arguably the worst business tax system of any nation. That’s bad for the shareholders who own companies, and it’s also bad for workers and consumers. And it creates such a competitive disadvantage that many U.S.-domiciled companies are better off if they engage in an “inversion” and shift their corporate […]

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Grading the Rubio-Lee Tax Reform Plan

In my 2012 primer on fundamental tax reform, I explained that the three biggest warts in the current system. 1. High tax rates that penalize productive behavior. 2. Pervasive double taxation that discourages saving and investment. 3. Corrupt loopholes and cronyism that bribe people to make less productive choices. These problems all need to be […]

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America’s Anti-Competitive and Anti-Comity International Tax System, Part II

Last September, I wrote that America’s business tax system is a nightmare that simultaneously undermines the competitiveness of American companies while also causing lots of irritation in other nations. Both of those bad things happen because politicians in Washington think the IRS should be able to tax income that is earned (and already subject to […]

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America’s Anti-Competitive and Anti-Comity International Tax System, Part I

Most of us will never be directly impacted by the international provisions of the internal revenue code. That’s bad news because it presumably means we don’t have a lot of money, but it’s good news because IRS policies regarding “foreign-source income” are a poisonous combination of complexity, harshness, and bullying (which is why only taxpayers […]

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