- Alphachat on immigration: This time is (mostly) like the others
- Our Bond villain technocracy
- Is the eurozone fixable?
- Could climate change spark the next financial crisis?
- Mehrsa Baradaran on “opportunity zones”
- The math wizard who became a customer loyalty scheme guru
- Alphachat is back! Vol 2.
- Alphachat is back! Vol. 1
- Jim Millstein discusses the financialisation of America
- Alphachat is on hiatus this week
- Benn Steil explains the Marshall Plan
- Marcel Fratzscher on the dark side of the German economy — now with transcript!!
- Marcel Fratzscher explores the dark side of the German economy
- Emi Nakamura on calculating inflation
- Stephanie Kelton explains how the government budget affects the economy and the mechanics of student debt forgiveness
- Jonathan Knee explains 25 years of Wall Street’s evolution
- Marcus Noland explains the North Korean economy
- Michele Wucker explains “Gray Rhinos”
- Listen - The "gray rhino" theory
- James Heckman tells us why IQ is overrated
This week’s episode features Matt talking with former US Treasury international economist Brad Setser about the ways multinationals show up in the macro data and how the new tax law might change things.
Delaware isn’t really a tax haven. It is, however, very clever about bringing in money from people who don’t actually live in the state. Now it’s trying to become a destination to buy legal pot (with a hefty tax, of course).
Who would’ve thought that this election year could lead to corporate tax reform in the US? Goldman Sachs Group analysts say there could be some semblance of a bipartisan effort to rework the way multinational US companies are taxed during the next presidential term. They estimate there’s a 50-per-cent chance the corporate tax code will be reworked next year. (In short, the voters have spoken, and they want Big Business to pay.) The US taxes corporate income at the highest rate of any OECD country, at 39 per cent. And unlike any other G7 country, it taxes companies’ income earned abroad, though it gives credits for taxes paid to foreign governments. That would be onerous, if the taxes weren’t delayed until foreign income is brought back onshore. Perpetually. That gives companies a big incentive to keep their foreign income offshore, reinvest it in financial markets, and pay lower dividend and capital-gains tax rates instead. And, hey, look, they’ve responded! S&P 500 companies pay a median tax rate of 28 per cent, according to Goldman Sachs’s analysis: