
The Great American Tax Gambit
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Daron Acemoglu
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José Antonio Ocampo
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Joseph E. Stiglitz
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Jayati Ghosh
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Alan J. Auerbach
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Nouriel Roubini
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Michael Heise
To help finance its massive post-pandemic infrastructure investment package, US President Joe Biden’s administration plans to increase corporate taxes and reduce the scope for profit-shifting by US-based multinationals. Although the proposed tax changes are likely to face opposition from congressional Republicans and big business, are any of the alternatives better?