Editor’s note. More indications that China will not be winning its trade war now that the US has (finally) engaged after 24 years. BEIJING—Investment in factories, railways and other projects in China so far this year grew at its slowest pace in more than a quarter-century, pointing to challenges in government efforts to arrest an economic…Details
Editor’s note. A high end men’s shoe company moves some production back to the US. On the whole, American brands haven’t exactly earned a reputation for being expert shoemakers—bar perhaps the hardworking boots worn by cowboys or coal miners. Fine footwear has largely been left up to the experts across the pond, with cobblers in…Details
Editor’s note. Professor Michael Pettis lays out the finite possibilities for China responding to the fact that it cannot rely on US consumers in the future for its full employment project. China’s debt problems have emerged so much more rapidly and severely this year than in the past that, combined with swirling rumors about the…Details
Sales factor apportionment (SFA) is, in our view, the best way to tax all firms – domestic, multinational and foreign – fairly in an integrated world economy.
Our corporate tax system should be reformed to benefit U.S. domestic companies. Instead, it continues to place our businesses at a competitive disadvantage in global markets. Large Multinational Enterprises (MNEs) continue to develop complex, powerful strategies for avoiding domestic taxes, domestic corporations struggle to compete. View the FlyerDetails
The Trump administration has prepared a plan for tariffs on another $267 billion in Chinese goods, the president said on Friday. [September 07, 2018 | Inside US Trade] The package would be in addition to the tariffs expected any day on $200 billion. The U.S. has already hit $50 billion worth with tariffs under Section 301…Details
Editors note: Nucor is a CPA member. CHARLOTTE, N.C., PRNewswire — Nucor Corporation’s Board of Directors approved an investment of $650 million to expand the production capability of Nucor Steel Gallatin, the company’s flat-rolled sheet steel mill located in Ghent, Kentucky. This investment will increase the production capability from 1,600,000 tons to approximately 3,000,000 tons annually and will increase the…Details
Editors note: Dan DiMicco is CPA’s Chairman as well as former CEO of Nucor. Nucor is a CPA member who has experienced tremendous growth already due to the tariffs, along dozens of other CPA members. Berkeley County steelmaker Nucor Corp. was having a pretty good year before President Donald Trump imposed tariffs on imported aluminum and steel in March. [David Wren…Details