The October 4th to October 10th, 2021 trade report with L.C. The 164 countries participating in OECD-hosted talks on global taxation have reached agreement, the Paris-based OECD announced on October 8th. The agreement sets a 15% global minimum tax (Pillar 2) and sets conditions for how large companies can be taxed for earnings in countries […]
The Biden tax and spending program will destroy the American economy
The Biden tax program is to economics as the Biden green energy program is to science. by Richard Schulman The Biden tax programs can’t pay off the huge debt the administration is incurring. Corporate investment will suffer, as will workers’ income. The Biden administration’s American Jobs Plan (AJP) introduces multiple important changes to the US […]
Bipartisan agreement on batteries, China, but OECD battle ahead
Also: US Court of International Trade (CIT) rules against tariffs on downstream steel and aluminum products, a rare court win against the Trump administration’s Section 232 tariffs The April 5-11, 2021 roundup of major trade developments, with L.C. The Biden administration has launched an effort to get the international tax talks hosted by the OECD […]
Outgoing administration binds incoming one only on China trade
The outgoing Trump administration has implemented a number of last minute sanctions on China but left to the Biden administration what action to take regarding a currency manipulation finding against Vietnam and whether to retaliate against countries levying a discriminatory digital services tax (DST) against US internet companies. The weekly trade report with L.C. US […]
To manage China, a bipartisan call for mending ties with allies
Also: the State Department’s report on this subject, the APEC and G20 summits, and the controversies over export subsidies and vaccine patents. The weekly trade report with L.C. Republicans on the Senate Foreign Relations Committee released a report calling for collaborating with allies against China. Last month Foreign Relations Committee Democrats released their own report, […]
