Biden’s Tax Plan Contains a Poison Pill for American Firms that Compete in Global Markets

by Dan Mitchell | May 24, 2021 | Blogs, Tax Competition, Tax Harmonization, Taxation

As explained here, here, here, and here, I don’t like Biden’s class-warfare tax policy. I’m especially concerned about his approach to business taxation. He wants to penalize American-based companies with the highest corporate...

Dishonest Tax Analysis from the New York Times

by Dan Mitchell | Apr 5, 2021 | Blogs, Taxation

There are two big policy debates about business profits. The first is whether profits are good or evil. I pick the former. Profits are something to applaud, assuming they are earned honestly (i.e., not the result of subsidies, industrial...

Five Visuals that Explain Why Higher Corporate Income Tax Rates Are Bad for America

by Dan Mitchell | Apr 1, 2021 | Blogs, Taxation

I have a four-part series (here, here, here, and here) about the conceptual downsides of Joe Biden’s class-warfare approach to tax policy. Now it’s time to focus on the component parts of his agenda. Today’s column will review his plan for a big...

What Biden’s Corporate Tax Increase Means for American Competitiveness

by Dan Mitchell | Mar 17, 2021 | Blogs, Taxation

Thanks to globalization (as opposed to globalism), jobs and investment are now very mobile. This means the costs of bad policy are higher than ever before, and it also means the benefits of good policy are higher than ever before. Which is why it’s very...

Even the OECD Finds that Class-Warfare Taxes Lead to Lower Incomes

by Dan Mitchell | Feb 27, 2021 | Blogs, Taxation

I’m not a big fan of the Organization for Economic Cooperation and Development. Simply stated, the Paris-based international bureaucracy represents the interests of governments, and that means the OECD often pushes policies that serve the interests of...