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

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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…

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A better way to tax corporations

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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.…

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Do Fiscal Deficits Cause Trade Deficits?

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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…

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

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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…

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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

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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…

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