What’s the Best Response When Crony Capitalists From Big Business Endorse Higher Taxes on Their Small Business Competitors?

by Dan Mitchell | Dec 25, 2012 | Blogs, Economics, Taxation

I’m a big fan of lower corporate tax rates. I also want to eliminate worldwide taxation so American companies can be on a level playing field when competing for market share around the world. And I want to get rid of the double taxation of dividends and capital gains...

Debunking Obama’s Flawed Assertions on Tax Deductions and Corporate Welfare

by Dan Mitchell | Oct 5, 2012 | Blogs, Economics, Taxation

In a violation of the 8th Amendment’s prohibition against cruel and unusual punishment, my brutal overseers at the Cato Institute required me to watch Wednesday’s debate (you can see what Cato scholars said by clicking here). But I will admit that it was good to...

America’s Corporate Tax Rate is So Punitive that Companies Are Even Moving to Welfare States Like the U.K. to Be More Competitive

by Dan Mitchell | Aug 30, 2012 | Blogs, Tax Competition, Taxation

I was a bit surprised couple of years ago to read that an American company re-located to Canada to benefit from better tax policy. But I wasn’t totally shocked by the news because Canada has been lowering tax rates, reducing the burden of government spending, and...

Since Leftists Don’t Like Corporate Loopholes, They Should Support the Flat Tax

by Dan Mitchell | Aug 9, 2012 | Blogs, Flat Tax, Taxation

I appeared on CNBC a couple of days ago to discuss a new report which claims that some big U.S. companies “only” paid 9 percent of their income to the government. While I’m a bit skeptical of the numbers (did it include the taxes paid to foreign governments, for...

With Washington Now Imposing the World’s Highest Corporate Tax Rate, Every Day is April Fool’s Day for American Companies

by Dan Mitchell | Apr 1, 2012 | Blogs, Tax Competition, Taxation

Last year, I expressed skepticism that the White House was serious about reducing the corporate tax rate. And, sure enough, when the Obama Administration produced a plan earlier this year, it was a disappointing mix of a few good provisions and several unpalatable...