‘The threat is real’: Australia to ban foreign political donations as concerns mount over Chinese influence

Australia, concerned about rising Chinese influence, will ban foreign political donations as part of a crackdown aimed at preventing external interference in domestic politics, Prime Minister Malcolm Turnbull said on Tuesday. [December 5, 2017 | SCMP] Turnbull told reporters in Canberra that foreign powers were making “unprecedented and increasingly sophisticated attempts to influence the political…

A better way to tax corporations

A stated goal of the Republican tax overhaul was to prevent corporations from shifting profits to low-tax countries. [November 30, 2017 | The New York Times] Several academic economists, legal scholars and the Coalition for a Prosperous America argued Wednesday that the Republican plan speeding its way through Congress does not sufficiently address this issue.…

Do Fiscal Deficits Cause Trade Deficits?

A CPA member inquired as to whether in increase in the federal budget deficit causes increased trade deficits. This is called the Twin Deficits hypothesis. John R. Hansen, a CPA Advisory Board member and international economist, explains why there is little relationship between the two. Your paper states, “After 1998, the Federal deficit is being…

Press Release: Manufacturers and Scholars Urge Congress to End Corporate Tax Discrimination Against US Companies

A Smarter Territorial Corporate Income Tax Bridges the Left/Right Divide   Washington ~ The Coalition for a Prosperous America (CPA) joined today with several prominent progressive scholars, sent a letter (below and linked here) to Congress urging adoption of a smart, territorial corporate income tax called sales factor apportionment (SFA). While territorial taxes are typically associated…

News Analysis: Next Round of NAFTA Talks May Bring Renegotiation to an Inflection Point if Canada and Mexico Refuse to Engage on U.S. Proposals

From Lori Wallach, Director, Public Citizen’s Global Trade Watch   Renegotiation of the North American Free Trade Agreement (NAFTA) faces a critical juncture as the fifth round of talks officially starts Friday in Mexico City. Appears originally on Common Dreams At issue is whether Canada and Mexico will engage on a series of proposals to significantly reshape…