Econ Comments & Analysis
WSJ | Why Corporate Inversions Are All the Rage
Senate Finance Committee Chairman Ron Wyden (D., Ore.) recently called the American tax code a "rotting mess of a carcass." The phrase captures how repugnant the current tax system has become—and perhaps most repugnant is the U.S. tax treatment of corporate income, especially from foreign sources.
Blogs
CATO | ALEC Report on State Tax Expenditures
State policymakers often look for ways to attract investment, companies, talent, and residents to their states. Sometimes they do it with sensible and broad-based reforms, such as reducing business regulations, increasing school quality, or lowering and simplifying making taxes. Unfortunately, another way they try to do it is to provide narrow tax benefits and subsidies to particular businesses and industries.
