Tuesday, September 27, 2016

The Trump Campaign Tried to Make a Serious Economic Argument. It Is a Very, Very Stupid Rabbit Hole.

This is an interesting piece in Slate that seemed especially appropriate to look at given the presidential debate last night.  The whole piece deals with Trumps most detailed economic tax plant to date. The part which I was particularly drawn to, given what we have covered in class, was towards the end when a VAT tax was discussed in relation to trade.

Concluding on the issue with two salient points that go back to who ultimately is burdened by a tax where the author, Jordan Weissman writes, " First, nobody actually thinks that companies pass on the corporate tax to shoppers. Instead, shareholders and workers eat it in the form of lower pay and wages. Second, because our tax code is shot through with holes and companies are good at stashing money abroad, corporations don't typically pay the full statutory rate on their profits."

http://www.slate.com/blogs/moneybox/2016/09/26/donald_trump_s_economic_plan_is_still_god_awful.html

Monday, September 19, 2016

Indonesia Plans to Bill Google For Back Taxes and Fines

This is an article from the Wall Street Journal published on September 19th about back taxes that Google may owe the Indonesian government. The article specifically cites, "Income and value-added taxes on the profit that it (Google) earned from Indonesian advertisers last year."

http://www.wsj.com/articles/indonesia-plans-to-bill-google-for-back-taxes-and-fines-1474297142

Tuesday, September 6, 2016

How Uber Drivers Decide How Long to Work

Interesting article in the New York Times on when Uber drivers choose to work and what this says on a larger scale about humans rationality and whether they are economically efficient.

http://www.nytimes.com/2016/09/05/business/economy/how-uber-drivers-decide-how-long-to-work.html?_r=0