Behind Trump’s Exasperation

Editors Notes: CPA’s CEO, Michael Stumo, just returned from a trip to Berlin during which he spoke with German government officials and think tanks. Some Germans understand the problem of their trade surplus in the US trade deficit, but others do not. Certainly, the German government has not acted to balance trade or to contribute…

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Corporations Push Profits Into Tax Havens as Countries Struggle in Pursuit, Study Says

Editors note: this article makes clear that CPA’s preferred tax system, sales factor apportionment, would be better for US production. It would eliminate the tax discrimination in favor of multinational in foreign companies and against against US domestic companies. Multinational companies shift about 40% of the profits they earn outside their home countries into tax havens, eluding…

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Kudlow suggests U.S. might not comply with adverse WTO rulings on 232 tariffs

Editors note: It is significant that Larry Kudlow said this rather than trade hawks like Peter Navarro. Also, citing national interests as more important than the globalist WTO is reminiscent of an important book by Gomory and Baumol called “Global Trade and Conflicting National Interests. National Economic Council Director Larry Kudlow on Wednesday signaled that the Trump…

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Mexico goes to the WTO against US tariffs

Editors note: The Mexico challenge to US tariff actions will also challenge the future of the WTO if the institution continues being part of the problem by preventing the US from correcting our trade deficits. Mexico has started proceedings against the United States at the World Trade Organization (WTO), arguing that the tariffs that US President…

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