by Mike Kimel Why Don’t Tax Havens Become Industrial Powerhouses Cross-posted at the Presimetrics blog. The other day I read somewhere (yet again) that low tax rates encourage development. Which…

…their potential tax liabilities, tax time wouldn’t be as “taxing” as they claim. Jared Bernstein, also speaking Jared Bernstein Testimony Meeting the Goals of the Federal Tax System April 20,…

…Massive Tax Cuts in Recent Decades U.S. policymakers have substantially reduced taxes for wealthy households in recent decades. The 2001 and 2003 Bush tax cuts[2] reduced individual income tax rates, taxes…

by Kenneth Thomas A look at tax havens by the Fortune 500 According to a new report today from Citizens for Tax Justice, the 285 members of the Fortune 500…

…of 61 percent from 2013 to 2017.34 Clausing projects that in the long run, the TCJA’s minimum tax—the global intangible low-taxed income tax (GILTI)—will modestly increase the U.S. tax base by…

…the tax havens to obtain the information.   2. End the usefulness of tax havens for avoidance by enacting unitary taxation. Upheld by the U.S. Supreme Court in 1983, unitary…

…system with a “lump-sum head-tax” — a poll tax — because that is the only kind of tax that cannot be reduced by changing behavior. Yet the poll tax is…

…owned by each country in offshore tax havens. The equivalent of 10% of world GDP is held in tax havens globally, but this average masks a great deal of heterogeneity—from…

by Kenneth Thomas Gigantic journalistic investigation into tax havens While Mitt Romney may be fading from view in the wake of his defeat on November 6, the issue of tax…

…power has dampened the behavioral response to corporate tax cuts, noting that “a cut to the corporate income tax rate would increase post-tax monopoly profits but induce a smaller behavioral…