“The paradox of the United States tax code — high rates with a bounty of subsidies, shelters and special breaks — has made American multinationals ‘world leaders in tax avoidance,’ according to Edward D. Kleinbard, a professor at the University of Southern California who was head of the Congressional joint committee on taxes. This has profound implications for businesses, the economy and the federal budget.” (New York Times)
It could have profound implications for political messaging. Not so much for the budget.
FEE Timely Classic
“The Tax-Rate Debate in Perspective” by Sheldon Richman