瞿宛文的部落格NYT: Krugman Wonks Out: Why Was Trump’s Signature Policy Such a Flop?
The abject failure surprised even the critics. NYT, April 9, 2021
Today’s column is about the Biden administration’s proposal for corporate tax reform — a term I use advisedly. For this isn’t just about raising the tax rate, although that’s part of it. It’s also an attempt to crack down on tax avoidance, in particular the strategies multinational corporations use to shift reported profits to low-tax jurisdictions.
Will this happen? Probably, although it will be tricky keeping the Democratic caucus in line (there won’t be any Republican votes). But it wouldn’t be happening if the 2017 Trump tax cut for corporations hadn’t been such a complete flop, hadn’t failed so completely to deliver the promised surge in business investment.