August 30, 2017

The Fiscal Times: Will Trump’s Corporate Tax Reform Really Boost the Economy?

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A territorial tax system is still open to abuse: Although there may be benefits to changing the way foreign profits are taxed, there is no guarantee that tax dodging will be reduced. “It’s an endless cat-and-mouse game” that leaves countries racing to lower their business tax rates to zero, Matthew Gardner of the Institute on Taxation and Economic Policy tells Cohen. That’s simply unsustainable, economists argue. Read more