Fellow Joyce Beebe reviews the background, operating mechanism and different perspectives associated with implementing the Inflation Reduction Act’s 15% corporate minimum tax. Continue Reading
U.S. government obstruction of the appointments process for the World Trade Organization (WTO) appeals “court,” formally known as the appellate body, has allowed governments to act in bad faith, preventing adjudication from being completed by appealing the rulings of WTO dispute panels “into the void,” as this action has been termed. To resolve this crisis, the U.S. government needs to engage constructively on these issues. Continue Reading
Three recent crises — the 2021 winter storm in Texas, the COVID-19 pandemic and the Boeing 737 Max software failure — highlight the cost of valuing efficiency over resilience and provide lessons for bringing society into balance. Continue Reading
Special purpose acquisition companies (SPACs), which are commonly known as a type of “blank-check company,” have experienced a massive surge in popularity over the last year. Given their rising numbers, this blog post discusses how they work and some of the key income tax considerations that are often overlooked. Continue Reading
The $1.9 trillion American Rescue Plan Act, which became law in mid-March, left out the mandate to increase the federal minimum wage to $15 per hour, but it did lead to a promising, open policy discussion about current minimum wage standards. In this blog post, public finance fellow Joyce Beebe considers some of the pros and cons of increasing the minimum wage and possible future developments. Continue Reading
The discussion about Robinhood and its retail traders would not be complete without mentioning the recent GameStop stock trading frenzy. This blog post — the second in this series — will consider what happened and what kind of tax policy proposals are being proposed as a result. Continue Reading
With many workers spending more time at home, the pandemic has led to the rise of online trading — the buying and selling of assets through a brokerage’s internet-based platform. This comes with a whole host of important tax considerations, many of which may be unfamiliar for new traders. Continue Reading