Taxes

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: Why the Era of Financial Secrecy Needs to End

The #OpenLux investigation underlines that, despite undeniable progress in terms of transparency, there is still considerable work to be done in the...

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...

The Case for Optimism About America

The good news is that America is still the engine of global wealth creation: nothing fosters political pragmatism like prosperity. But there...

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...

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...

Biden, Buttigieg, Sanders, Warren: The Real Impact of Democratic Candidates' Tax Plans

According to UC Berkeley economists Emmanuel Saez and Gabriel Zucman, all of the Democratic candidates' plans increase tax rates on the rich but to...

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...

Why American Voters Are Still Not Ready to Support Carbon Taxes

Economists and policy elites love carbon taxes, but voters dislike them. A new study suggests that ideology has a lot to do with it....

LATEST NEWS

The “Conspiracy” of Consumer Welfare Theory

Matt Stoller argues there was a conspiracy. It was more of an association with a singular purpose.

Researchers Find Reduced Competition After Pandemic

The chart of the week comes from a new research paper that documents the increase in small business closures during the Covid...

Voters Still Believe Politics is About the Common Good, Not Just Rent-Seeking

Do voters still believe that politics can be a source for common-good policies and not just partisan bickering and rent-seeking? With political...

How to Design Data Protection Laws That Actually Work 

More and more countries are passing data protection laws, yet empirical studies show that these laws rarely deliver on their promises. A...

Are Monopolists or Cartels the True Source of Anticompetitive US Political Power?

Trade associations are often the biggest obstacles to competitive markets, especially when those organizations use their influence to change public policy in...