Taxation

Gabriel Zucman: “I’m a Bit Skeptical That Freezing the Assets of a Few Dozen Oligarchs Can Be Highly Effective”

60 percent of the wealth of Russia’s richest 0.01 percent are held offshore. UC Berkeley economist Gabriel Zucman explains why blanket sanctions, of...

This Proposal Could Inadvertently Improve Corporate Accounting

A provision within the Biden administration’s Build Back Better bill that assesses a minimum tax on certain companies based on their income...

How Insufficient Enforcement Led to Prevalent Tax Evasion and Contributed to American Inequality

The prevalence of tax evasion among the top 1 percent of the income distribution is much worse than previously thought, a study...

Three Ways Tax Policies Increase the Black-White Racial Wealth Gap

Dorothy Brown, the author of The Whiteness of Wealth, explains how tax breaks for marriage, college, and gifts and inheritance contribute to...

OpenLux: Despite Reform Efforts, Luxembourg Remains an “Offshore Hub in the Heart of Europe”

Dozens of foreign citizens linked to corruption, embezzlement of public funds, organized crime, and tax crime have opened companies in Luxembourg, seemingly...

How the European Commission Lost Its Tax Battle Against Ireland and Apple

Last month’s decision by Europe’s General Court to reject the European Commission’s attempt to recover €13 billion in back taxes from Apple...

The Most Persistent of All Zombie Ideas: That Taxing the Wealthy Is Destructive to the Economy

Economics can’t tell you what values to have. It can, however, shed light on what to expect from policy that reflects any particular set...

A New Capitalisn't Episode: The Controversial Tax Policies Of Emmanuel Saez

In a new episode of their podcast Capitalisn't, Luigi Zingales and Kate Waldock interview UC Berkeley professor Emmanuel Saez on tax policy, the wealth...

Emmanuel Saez: Saying Inequality Has Not Increased in the US "the Equivalent of Being a Climate Change Denier”

In an interview with ProMarket ahead of his upcoming Stigler Center visit this week, UC Berkeley economist Emmanuel Saez discussed the impact of the...

The Surprising Twist in GOP Economic Thinking: Tax Cuts Might Be Bad for Business

Senator Mitt Romney wrote Donald Trump a letter to stop his plan to reduce capital gain taxes. This is an important signal that a...

LATEST NEWS

A World With Far Fewer Mergers

Brooke Fox and Walter Frick analyze research and ideas presented at the Stigler Center Antitrust and Competition Conference that question the value of mergers.

The Banking Risks of Central Bank Digital Currencies

The implementation of central bank digital currencies as the primary medium of exchange would exacerbate the flaws of our current fiat system which encourage banks to overextend credit and create liabilities that they cannot redeem. This will worsen the already recurring cycles of financial crises, writes Vibhu Vikramaditya.

The Whig History of the Merger Guidelines

A pervasive "Whig" view of United States antitrust history among scholars and practitioners celebrates the Merger Guidelines' implementation of increasingly sophisticated economic methods since their...

Algorithmic Collusion in the Housing Market

While the development of artificial intelligence has led to efficient business strategies, such as dynamic pricing, this new technology is vulnerable to collusion and consumer harm when companies share the same software through a central platform. Gabriele Bortolotti highlights the importance of antitrust enforcement in this domain for the second article in our series, using as a case study the RealPage class action lawsuit in the Seattle housing market.

The Future Markets Model Explains Meta/Within: A Reply to Herb Hovenkamp

In response to both Herb Hovenkamp’s February 27 article in ProMarket and, perhaps more importantly, also to Hovenkamp’s highly regarded treatise, Lawrence B. Landman, first, shows that the Future Markets Model explains the court’s decision in Meta/Within. Since Meta was not even trying to make a future product, the court correctly found that Meta would not enter the Future Market. Second, the Future Markets Model is the analytical tool which Hovenkamp says the enforcers lack when they try to protect competition to innovate.