by Dan Mitchell | Jun 22, 2022 | Blogs, Tax Competition, Taxation
As part of my continuing efforts to derail Biden’s global minimum tax on businesses (here’s Part I and Part II), I explain the downsides of the president’s plan in this clip from a recent interview. If you don’t want to spend three minutes to watch the above video, my...
by Dan Mitchell | May 3, 2022 | Blogs, Tax Competition, Tax Harmonization, Taxation
A few months ago, I reiterated my opposition to Biden’s proposed corporate tax cartel as part of a longer discussion with Australia’s Gene Tunny. The main takeaway is that the proposed “minimum global tax” is an agreement by politicians for the benefit of...
by Dan Mitchell | Apr 20, 2022 | Blogs, Taxation
During the debate about the Trump tax plan, proponents made three main arguments in favor of reducing the federal corporate tax rate from 35 percent to 21 percent. A lower rate would be good for workers, consumers, and shareholders.A lower rate...
by Dan Mitchell | Nov 1, 2021 | Blogs, Economics
When President Biden first proposed a global minimum tax on companies, I immediately warned that creating a corporate tax cartel would be very bad news for workers, consumers, and shareholders. I also warned a BBC audience that proponents...
by Dan Mitchell | Oct 24, 2021 | Taxation
Let’s look today at the wonky issue of “book income” because it’s an opportunity to point out that there are three types of leftists. Honest leftists who understand economics and recognize tradeoffs (I think of them as “Okunites“).Dishonest leftists who understand...
