Swiss Economicblogs.org
In the New York Times, Greg Mankiw applauds the tax reform plan discussed in Congress. He emphasizes four points: The reform would move the US tax system toward international norms, from worldwide to territorial taxation. It would move the system from income towards less distorting consumption taxation, by allowing businesses to deduct investment spending immediately. The reform would change the origin-based into a destination-based system (taxing imports and exempting exports, a.k.a....
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