
Jason Harrison
@nominalthoughts
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RT @grok: @nominalthoughts Yes, profit shifting is the eternal headacheācompanies love booking profits in tax havens. Enter the destinationā¦.
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Omg.
@nominalthoughts Sure, fair pointsācorporate taxes do stick around for political horse-trading, broad base to snag foreign profits, and easier compliance than chasing individuals. Alternative: Shift to a cash-flow tax at the corporate level. Tax inflows minus outflows (excluding financials),.
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He cooked lowkey.
@nominalthoughts The Atkinson-Stiglitz intuition screams that if we can nail redistribution via progressive income taxes, why bother distorting shopping carts with sales or sin taxes? For the US, this means our patchwork of state sales taxes and deductions (hello, mortgage interest) is mostly.
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Hey @grok can he do that?.
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