"The Global Con Hidden in Trump’s Tax Reform Law, Revealed"

By artappraiser on Thu, 02/07/2019 - 1:36am |

This is very good from the essential Brad Setser, our leading expert on international trade and money flows. Bottom line: the Trump tax cut is a giveaway to corporations that doesn't promote investment here 1/ https://t.co/ec2cEc0oVp
— Paul Krugman (@paulkrugman) February 6, 2019

the next 2 of Krugman's 3 tweets copied to 1st comment on this thread; 3rd one has a great chart.

URL:

https://www.nytimes.com/2019/02/06/opinion/business-economics/trump-tax-reform-state-of-the-union-2019.html

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@Brad_Setser also gets at something I've been trying to explain: corporate cash "overseas" isn't really a stash of money that can be brought home, it's an accounting fiction that lets them avoid taxes, with no real consequences for investment 2/
— Paul Krugman (@paulkrugman) February 6, 2019

And this chart, showing the predominance of tax avoidance in overseas "investment", is a classic 3/ pic.twitter.com/VHSnKueQ4Y
— Paul Krugman (@paulkrugman) February 6, 2019

by artappraiser on Thu, 02/07/2019 - 1:41am

"The Global Con Hidden in Trump’s Tax Reform Law, Revealed"

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