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...
by Dan Mitchell | Oct 22, 2021 | Blogs, Taxation
One of the my favorite publications from the Tax Foundation is the annual International Tax Competitiveness Index (here’s what I wrote in 2020 and 2019). The 2021 Index, authored by Daniel Bunn and Elke Asen, has now been released,...
by Dan Mitchell | Oct 13, 2021 | Blogs, Economics, Supply Side, Taxation
Reducing the corporate tax rate from 35 percent to 21 percent was the crown jewel of Trump’s 2017 Tax Cut and Jobs Act (TCJA). It was good for workers since a lower rate means more investment, which translates to increased productivity...
by Dan Mitchell | Oct 7, 2021 | Blogs, Economics, Taxation
There are many reasons to reject Joe Biden’s proposal for higher corporate tax rates, and I listed many of them when I narrated this nine-minute video. This two-minute video from the Tax Foundation has a similar message. The main message is that...
