Isn't it a consensus position among economists that corporate taxation is inefficient and badly targeted? That taxes on individuals (wages, goods&services, capital gains) and on land are easier to collect and better at providing desired incentives?
Really, isn't a "race to the bottom" a virtuous cycle here?
Kinda weird to see Yellen -- Treasury Secretary and former Fed Chair -- making this kind of statement.
Really, isn't a "race to the bottom" a virtuous cycle here?
Kinda weird to see Yellen -- Treasury Secretary and former Fed Chair -- making this kind of statement.