Sunday , November 18 2018
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Brad Setser explains how corporate tax policy affects the balance of payments

Summary:
[embedded content]Alphachat is available on Acast, iTunes and Stitcher.American corporations are far more internationally-oriented than they used to be. Some of this is a natural extension of the boom in global trade in the past few decades following the collapse of the Communist empire in 1989.The rest, however, is what happens when motivated multinationals find flaws in the tax law. Much of what is considered corporate income from “foreign direct investments” comes from a handful of tiny countries known to be tax havens. America’s corporate tax code experienced some big changes at the end of last year — changes that were partly (but only partly) motivated by the desire to remove some of these distortions.In this week’s episode, Matt Klein talked with Brad Setser, the Steven A Tananbaum

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