Econ 101 - Tariffs are tax

Econ 101 - Tariffs are tax

All right everyone. Stop saying tariff. Just say tax. Tariffs are taxes. Taxes on imports. Why we have a different word for it is probably a Jaques Derrida level analysis. But whatever. How trade taxes work: Step 1 An American business negotiates a...

“Econ 101” briefing on taxing multinationals brings Hill staffers up to speed on U.S. role in coordinating global crack-down on tax avoidance

The Washington Center for Equitable Growth last week hosted a briefing for Capitol Hill staffers on multinational corporate tax trends and policies—another in our “Econ 101” series for Hill staffers. Over the past few decades, multinationals corporations have grown into economic giants, accounting for more than 30 percent of global Gross Domestic Product and dominating international trade flows. These companies’ cross-border operations raise fun…