Editors note: This is an excellent result that CPA has been working on for some time. The effort threatens to further fray trade talks with China, which wants to become a global player in transport and is already fuming over the U.S. decision to blacklist telecommunications giant Huawei Technologies Co. [Trefor Moss and Lindsay Wise |…
By David Morse, Tax Policy Director The US and domestic companies should be alarmed by China’s desire to preserve corporate tax avoidance strategies in the world. Many countries have had enough of corporate tax avoidance, and the Organization for Economic Cooperation and Development (OECD) is currently considering solutions to restrict or end such practices. China…
Editor’s note: This important report shows how a strong Buy America program combined with infrastructure spending can boost our economic strategy and minimize leaking taxpayer money to fund growth in other countries rather than here. How many more jobs would be supported by infrastructure investments if import shares were lower in domestic manufacturing? [Josh Bivens…
By David Morse, Tax Policy Associate Director Law 360 reported this week that US Treasury officials believe multinational companies should anticipate new formulas as a part of future taxation. This is good news for companies producing in America who are tired of paying higher tax rates than many multinational enterprises (MNE). The Organization for Economic Cooperation…
Excerpt: “Congress must act to strengthen the Buy American Act, not weaken it, eliminate the incentives for offshoring, and provide incentives for bringing manufacturing back to America.” The Buy American Act was passed by Congress in 1933. It required the U.S. government to give preferential treatment to American producers in awarding of federal contracts. The Act…
Editor’s note: Important for financial press (and others) to understand this. Excerpt: “By purchasing fewer U.S. government bonds… Beijing would leave the United States either unchanged or better off, while doing so would also leave China either unchanged or worse off.” Note: This is a follow-up to an article here from May 16 and an updated version of…
Editor’s note: Even textile production is moving back to the US. The history of Wrangler blue jeans is rooted in America. The Greensboro, N.C., company first introduced its authentic western jeans to America’s cowboys in 1947 and eventually became one of the United States’ most popular brands. [JEFFREY BONIOR | May 23, 2019 | Alliance for American…
By David Morse, Tax Policy Associate Director “There is not going to be a return to a golden age of tax, this is about change,” declared Will Morris, chair of the Business and Industry Advisory Committee to the OECD’s Committee on Taxation and Fiscal Policy. At the recent historic OECD public consultation meeting on taxing…
Editor’s note. This four year old article by Jared Bernstein, former Chief Economist for former VP Joe Biden is an excellent explanation of why and how the US dollar value has a major influence on our trade deficit. CPA has the solution, a market access charge to moderate incoming capital flows and push the dollar down to…
CDJPA Research Note #4 By Jeff Ferry, CPA Research Director CPA advocates the Market Access Charge (MAC) as an innovative tool to address systemic dollar overvaluation due to excessive demand from the international capital markets for dollar-denominated assets. The MAC, which would require congressional legislation, would be a small tax levied on the purchase of…
