Found 294 article(s) in category 'Trade Policy'

Defending Worldwide Taxation with a Shareholder-Based Definition of Corporate Residence

Defending Worldwide Taxation with a Shareholder-Based Definition of Corporate Residence. Stephen Shay, March 5, 2017, Paper, “This Article argues that a principled, efficient, and practical definition of corporate residence is necessary even if some form of corporate integration is adopted, and that such a definition is a key element in designing either a real worldwide or a territorial income tax system as well as a potential restraint on the inversion phenomenon. The Article proposes that the United States adopt a shareholder-based definition of corporate residence that is structured as follows:…Link

Tags: , , , , , ,

Global Citizens, National Shirkers

Global Citizens, National Shirkers. Dani Rodrik, February 10, 2017, Opinion, “Last October, British Prime Minister Theresa May shocked many when she disparaged the idea of global citizenship. “If you believe you’re a citizen of the world,” she said, “you’re a citizen of nowhere.” Her statement was met with derision and alarm in the financial media and among liberal commentators. “The most useful form of citizenship these days,” one analyst lectured her, “is one dedicated not only to the well-being of a Berkshire parish, say, but to the planet.” The Economist called it an “illiberal” turn. A scholar accused her of repudiating Enlightenment values and warned of “echoes of 1933” in her speech.Link

Tags: , , , ,

Why Trump Can’t Bully China

Why Trump Can’t Bully China. Kenneth Rogoff, February 9, 2017, Opinion, “As US President Donald Trump proceeds to destabilize the post-war global economic order, much of the world is collectively holding its breath. Commentators search for words to describe his assault on conventional norms of leadership and tolerance in a modern liberal democracy. The mainstream media, faced with a president who might sometimes be badly uninformed and yet really believes what he is saying, hesitate to label conspicuously false statements as lies.Link

Tags: , , ,

Lawrence Summers on the Risks of President-Elect Trump

Lawrence Summers on the Risks of President-Elect Trump. Lawrence Summers, January 20, 2017, Video, “Harvard University President Emeritus and Former U.S. Treasury Secretary Lawrence Summers explains the risks he sees related to the policies of President-elect Donald Trump and warns that business may regret “enabling” Trump. He speaks from the World Economic Forum in Davos, Switzerland on “Bloomberg Surveillance.”Link

Tags: , , ,

Trump’s Defective Industrial Policy

Trump’s Defective Industrial Policy. Dani Rodrik, January 10, 2017, Opinion, “US President-elect Donald Trump has yet to take office, but his brand of flawed industrial policy has been on full display since his surprise win in November. Within weeks of the election, Trump had already claimed a victory. Through a mix of inducements and intimidation, he prevailed on the heating and cooling firm Carrier to keep some of its operations in Indiana, “saving” around 1,000 American jobs. Touring the Carrier plant subsequently, he warned other US firms that he would impose stiff tariffs on them if they moved plants overseas and shipped products back home.Link

Tags: , , ,