A deal on corporate tax rules is still possible

Editor’s note: CPA board member Bill Parks concisely shows, in this Financial Times letter to the editor, why sales apportioned taxation fixes most of the important global and domestic taxation problems.  In his new letter to European finance ministers, US Treasury secretary Steven Mnuchin (FT View, June 19) declared an impasse in talks to adopt…

Palladium Podcast Ep 38: Marc Fasteau and Ian Fletcher on the Return of Nation State Capitalism

Editor’s note: Marc Fasteau and Ian Fletcher are interviewed in this podcast relating to their recent article on the economic foundations of industrial policy. This podcast accompanies their recent article on the topic in Palladium magazine.  Marc Fasteau and Ian Fletcher join Wolf Tivy to discuss the economic foundations of industrial policy, why manufacturing is…

Warren and Booker Press Meatpackers on Exports to China

Editor’s note: The major meatpackers in the US are foreign-owned, or they are stateless multinationals. Their warnings of meat shortages while exporting more to China are another reason that they shouldn’t be trusted.  Senators Elizabeth Warren and Cory Booker questioned how companies could warn of pandemic shortages while exporting record amounts of pork to China.…

America’s Trade Deficits

Editors note: Ken Austin, a former treasury official, explains the intricacies of capital flows, exchange rates, and the trade deficit. Blame U.S. Policies – Starting With Tax Laws By Ken Austin For over 15 years, the United States has been locked in an escalating and seemingly endless trade war with political allies and adversaries. The…

Martin Wolf: what trade wars tell us

Editor’s Note: “Martin Wolf, in this article, reviews Pettis/Klein’s new book “Trade Wars are Class Wars”. It is an important book and even Wolf manages to get most of it right.  The “trade wars” are not Trump tariffs but pre-existing trade imbalances. The imbalances are caused by engineered overproduction in relation to consumption in persistent…

The US must withdraw from the WTO

Editor’s note: Congressman Peter DeFazio is absolutely correct. It will take years to fully understand the impact COVID-19 has unleashed on our country, but one thing we know for certain is that the pandemic has exposed the dangerous and indefensible public health and national security threats of hyperglobalization. It has revealed the frightening truth that…