The Peterson Institute for International Economics (PIIE) is an independent nonprofit, nonpartisan research organization dedicated to strengthening prosperity and human welfare in the global economy through expert analysis and practical policy solutions.
PIIE’s renowned scholars explore and analyze a broad range of economic topics and issues, including globalization, economic and growth prospects, finance, political economy, and trade and investment, as well as economic challenges facing individual regions and countries.
Trade Talks Episode 78: Trade Talks Does Its Taxes
Kimberly Clausing (Reed College) joins Soumaya Keynes and Chad Bown to explain international taxation and its impact on multinational corporations. They discuss the economic and policy concerns over profit-shifting, tax havens, and different approaches that governments have taken, including worldwide and territorial systems, to tax the profits of such companies. They explain the US system, how it changed with the controversial Tax Cuts and Jobs Act of 2017, as well as continuing challenges to international cooperation. Read Kim’s new book Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019).