Now that the dust has settled a bit on the Treasury’s exciting announcement of their new inversions rules, let’s kick back and cogitate a bit more on a few of the many remaining issues in the US corporate code. Inversions: The Treasury has thus far created but a speed bump on the international tax avoidance… Read more
And I say: good for them! Over at PostEverything.
You’ve hopefully heard about, if not read, this revealing analysis by William Lazonick on the sharp rise in public corporations using their profits to boost their share price through stock buybacks as opposed to re-investment. I won’t summarize the findings, as Harold Meyerson amply does so here. As he writes: From the end of World… Read more
Stan Collender is one of my favorite budget wonks, and I don’t say that lightly. His work has a long history of clarity and common sense and I believe we share the same concerns that the direction of fiscal policy in recent years threatens to leave our government without the resources it needs to meet… Read more
I’m sure Mr. Burns and other evil forces would love to see Dean Baker and me keep arguing about whether the corporate tax should stay (my view) or go (Burns Dean’s view) but given that there are truly misguided people out there who need economic enlightenment, this is my last missive, and a cursory one… Read more