The Tax Cuts and Jobs Act, One Year Later
The Tax Cuts and Jobs Act was signed into law by President Trump less than a little less than year ago, on December 22, 2017. What are the likely benefits and costs associated with the legislation? The Fall 2018 issue of the Journal of Economic Perspectives (where I work as Managing Editor) includes a two-paper symposium on the subject. Joel Slemrod provides an overview of the main elements of the legislation and its effects in " "Is This Tax Reform, or Just Confusion?" (32:4, pp. 73-96). Alan J. Auerbach focuses on one primary aspect of the law, its shifts in the US corporate income tax, in "Measuring the Effects of Corporate Tax Cuts," (32:4, pp. 97-120).
- 09/11/2018
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How are Chinese Stocks Responding to Tariffs with the US and a Slowdown in Asian Growth?
· Despite US tariffs, China’s September trade balance with the US reached a record high
- 09/11/2018
- 4
Audit Firms Couldn’t Audit the Financial Crisis, How Could They Audit Tether?
Let me begin by saying unequivocally that I have no opinion behind the veracity of Tether’s claims about it’s dollar-backed stablecoins. I do not work for Tether nor am I affiliated with any organization which has any commercial or any other form of dealings with Tether. Legal disclaimer out of the way, I just wanted to go at some length about audit firms, their role in the last financial crisis and their inadequacy in performing their core function and why we expect far more from them than they are likely capable of delivering — especially when it comes to something as advanced as cryptocurrencies.
- 08/11/2018
- 6
The Circular Economy: Does China set an example for the West?
It is simplistic to consider innovation as the simple launch of a new product or service on the market to increase the profits of an organisation. The essence of innovation is to resolve problems – it means taking action to survive. As such, the emergence of the circular economy can be considered as an innovation of processes with a clear objective to keep our ecosystem alive.
- 08/11/2018
- 4
Coworking is not Innovating
Many of you who are reading this probably are doing so from a laptop in a coworking space. The number of global coworking spaces is forecasted to grow from 14,411 in 2017 to just over 30,000 in 2022. The reasons why include:
- 08/11/2018
- 2
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