To win support for corporate tax reform, Trump promises a $4000 “pay raise”

Oct 13, 2017
To sell his tax plan, President Donald Trump is trying to send a message to ordinary Americans: that cutting corporate taxes will benefit them too. During a speech this week in Harrisburg, Pennsylvania, in front of a crowd of truckers, he claimed that by allowing companies to bring back overseas money at a low tax […]

Would companies use repatriated profits to invest?

Sep 27, 2017
After a one-time tax holiday in 2004 companies used repatriated funds to buy back their own stock or pay dividends to their shareholders.
(L to R) Jeff Bezos, chief executive officer of Amazon, Larry Page, chief executive officer of Alphabet Inc. (parent company of Google), Sheryl Sandberg, chief operating officer of Facebook, Vice President Mike Pence listen as President Donald Trump speaks during a meeting of technology executives at Trump Tower on December 2016 in New York City.
Drew Angerer/Getty Images

Why presidents rarely tackle tax reform

by
Apr 26, 2017
President Trump is set to unveil a tax reform agenda today. One of the centerpieces is expected to be his campaign promise to cut the corporate tax rate from 35 percent to 15 percent.  But tax cuts and tax reform are two different things. The last real crack the U.S. took at tax reform was […]

Trump’s tax plan raises economists’ eyebrows

Apr 25, 2017
President Trump is expected to unveil his tax plan tomorrow. It would reportedly lower the corporate tax rate to 15 percent. Budget analysts predict that would cost the federal government more than $2 trillion in revenue over a decade. But the administration says the tax cuts will boost the economy so much that they’ll pay […]

What it might mean if Trump succeeds in cutting the business tax rate

Mar 16, 2017
President Donald Trump reminded Fox News’ Tucker Carlson last night that he aims to bring taxes “way down” on businesses, from 35 percent to 15 percent. But a lot of companies don’t pay 35 percent, because they take deductions and exclusions to shave their tax bill. A drop in the overall tax rate could make […]

Former Treasury Secretary Lawrence Summers thinks Trump tax reforms would hurt the economy

Jan 11, 2017
Kai Ryssdal spoke with Harvard professor Lawrence Summers about his latest column for the Washington Post.
NEW YORK - NOVEMBER 17: Outgoing Director of the National Economic Council Lawrence Summers addresses the Council on Foreign Relations' Symposium on Global Economics November 17, 2010 in New York City. 
Mario Tama/Getty Images

Apple to bring profits back: what's the tax bill?

Sep 1, 2016
The corporate tax rate is 35 percent - but some doubt Apple will pay that.
EU Competition Commissioner Margrethe Vestager talks as she gives a press conference to order Apple to pay 13 billion euros in back taxes, in Brussels on August 30, 2016. The European Union on August 30, 2016, ordered Apple to pay a record 13 billion euros in back taxes in Ireland, saying deals allowing the US tech giant to pay almost no tax were illegal. 

 
JOHN THYS/AFP/Getty Images

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EU orders Apple to pay billions of dollars in back taxes

Aug 30, 2016
Apple got a massive bill for back taxes on Tuesday. The European Commission ordered the tech giant to pay back over $14 billion to Ireland, where Apple has its European headquarters. Apple, and the U.S. government, reacted angrily to the demand. The U.S. Department of Treasury has already accused EU officials of unfairly targeting large […]
People walk past a computer shop selling Apple products in Cork city centre, southern Ireland.
PAUL FAITH/AFP/Getty Images

Pfizer and Allergan agree to $160 billion "inversion"

Nov 23, 2015
The deal would create the largest pharmaceutical company in the world.

The budget as a starting point for tax reform

Feb 2, 2015
It will be months before we get detailed plans for tax reform from either party.