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Lawrence H. Summers proslijedio/la je Tweet
In a world where monetary policy cannot assume responsibility for stabilization policy, there is a need for fiscal policy to address stabilization issues. In this context,
@ojblanchard1 &@LHSummers argue for the introduction of semiautomatic stabilizers.https://www.piie.com/publications/policy-briefs/automatic-stabilizers-low-rate-environment …Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Lawrence H. Summers proslijedio/la je Tweet
In a new episode of the
#CafeteriaPod,@JayCShambaugh &@LHSummers discuss new ideas to raise more revenue through tax reform. Listen now:https://brook.gs/2vwBIafHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Lawrence H. Summers proslijedio/la je Tweet
In a world where monetary policy cannot assume responsibility for stabilization policy, there is a need for fiscal policy to address stabilization issues. In this context,
@ojblanchard1 &@LHSummers argue for the introduction of semiautomatic stabilizers.https://www.piie.com/publications/policy-briefs/automatic-stabilizers-low-rate-environment …Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
We should start w/ progressive taxation with taxes that meet two criteria. 1st: They fall primarily on those with very high incomes. 2nd: We should raise revenues in ways that will improve economic performance rather than in ways that will have adverse incentive effects.
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I would say to the new president that the government is, over time, going to need more resources centrally. And one can debate how much of that needs to go for deficit reduction versus how much of that should prudently be invested in public purpose.
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Listen here to my
@BrookingsEcon podcast on progressive tax reform with@JayCShambaughhttps://traffic.libsyn.com/secure/force-cdn/highwinds/brookingscafeteriapodcast/200131_BrookingsCafeteria_ShamabughSummers.mp3 …Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Justice Oliver Wendell Holmes famously said, “Taxes are what we pay for a civilized society.” Any company that wishes to be thought of as a good citizen needs to join the effort to combat corporate tax avoidance.https://www.washingtonpost.com/opinions/2020/01/30/if-business-leaders-are-serious-about-doing-good-they-can-start-by-paying-their-taxes/ …
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Fifth, anyone who is concerned w business being seen as constructive — such as the Biz Roundtable — should work to change the law to eliminate the most egregious shelters and make clear that they are prepared to name and shame companies that don’t meet their obligations.
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Fourth, strong actions including treble damages, removal of privileges for attorneys and accountants to practice before the IRS and direct financial penalties on executives should be considered as means to discourage efforts to push the envelope.
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Third, as in antitrust, Congress should make clear that it expects the IRS to hire and fully compensate top-flight legal and financial experts when bringing actions in tax matters.
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Second, tax enforcement should be beefed up. It is a scandal that the share of large corporations that face corporate audits has fallen by half in the past decade.
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First, the US should enthusiastically join the European-led effort to ensure that digital companies are taxed at reasonable rates, as long as the effort is expanded to cover other sectors where corporations from other countries dominate.
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My column in today’s
@washingtonpost w @NatashaRSarin outlines five things that should be done to reform the IRS and our tax codehttps://www.washingtonpost.com/opinions/2020/01/30/if-business-leaders-are-serious-about-doing-good-they-can-start-by-paying-their-taxes/ …Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Lawrence H. Summers proslijedio/la je Tweet
There’s no argument for corporate tax privacy. That & other excellent ideas for IRS and tax reform from
@LHSummers &@NatashaRSarin column building off of@paulkiel’s workhttps://www.washingtonpost.com/opinions/2020/01/30/if-business-leaders-are-serious-about-doing-good-they-can-start-by-paying-their-taxes/ …Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
The issue here goes beyond corporate hypocrisy and even the significant revenue that could be collected from better tax laws and enforcement. Our column outlines five things that should be done.
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No doubt that much of the problem involves badly written tax laws that permit large-scale reduction in taxes below common-sense levels. But this goes only so far as a defense for companies that have lobbied and used campaign contributions to shape tax law.
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As is so often the case, there is a major question here of whether the scandal is illegal things companies do, or the things that are legal.
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A stunning story by
@paulkiel recently published jointly by Fortune and ProPublica credibly alleges that Microsoft avoided tens of billions in corporate tax liability by locating its profits in Puerto Rico on the advice of KPMGhttps://www.propublica.org/article/the-irs-decided-to-get-tough-against-microsoft-microsoft-got-tougher …Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi -
Many of our most successful corporations have used accounting tricks, especially those involving sales of intellectual property to low tax jurisdictions, to avoid paying federal taxes.
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The most important stakeholder of U.S. corporations is the United States itself. Before any obligation to voluntarily reduce emissions, start charter schools or pay above-market wages should come an obligation to pay a reasonable share of income in taxes.
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