Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 2, 2020

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Fri Oct 11 17:48:22 +0000 2019

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Paul Krugman @paulkrugman

These tax cuts have been justified by the supposed need to attract foreign investment. But the most recent cut doesn't seem to have brought in any noticeable amount of money. And it's become increasingly clear that real investment flows don't actually respond much to tax rates 3/ — PolitiTweet.org

Posted Oct. 11, 2019 Hibernated

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Paul Krugman @paulkrugman

A key part of that shift has been a drastic reduction in effective taxes on corporate profits, from ~40% to <10% 2/ https://t.co/GyBrzBQIbH — PolitiTweet.org

Posted Oct. 11, 2019 Hibernated

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Paul Krugman @paulkrugman

What mostly happens instead is tax avoidance: firms find ways to report their profits in, say, the Cayman Islands, where they have little real business. And the persistence of tax havens is a choice: we could shut them down without giving huge gifts to the rich 4/ — PolitiTweet.org

Posted Oct. 11, 2019 Hibernated