Tax Complexity and the Importance of Simplification

Complexity in the tax code has negative redistributive and growth consequences that have only accelerated over time as more and more policy goals are now implemented through the tax system.

International Tax Reform

Recent merger transactions highlight long-simmering problems in the U.S. corporate tax, particularly with respect to its international provisions.

A Better Way to Tax U.S. Businesses

The U.S. corporate tax code is broken. High rates and perverse incentives drive capital away from the corporate sector and toward other uses and countries. Professor Mihir A. Desai believes a handful of changes could fix all that.
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Special Report: Restoring U.S. Competitiveness

Some of the world’s most original thinkers explain the competitiveness challenge America faces and point the way forward.

How to Make Finance Work

Professors Robin Greenwood and David Scharfstein make recommendations in three important domains in which the U.S. financial system has underperformed: financial stability, housing finance, and investment costs.

Macroeconomic Policy and U.S. Competitiveness

Across the political spectrum, there is consensus that the United States faces challenges to its competitiveness. Current U.S. fiscal policy is, unfortunately, part of the problem rather than the solution, according to Professors Richard H.K. Vietor and Matthew C. Weinzierl.

The Incentive Bubble

The last three decades have seen American capitalism transformed by a simple idea—that the evaluation and compensation of managers and investors should be outsourced to financial markets, says Professor Mihir A. Desai.
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Greater Minneapolis-St. Paul: Building on a Diversified Base (Abridged)

By: William W. George
Starting in 2003, the Minneapolis-St. Paul metropolitan region lagged the rest of the U.S. in job creation. Alarmed business and civic leaders coalesced around the Itasca Project, which set in motion a series of actions by groups of CEOs and politicians aimed at reversing these trends by creating jobs in all sectors of the economy.
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The Big 3 Roar Back

By: William W. George
By 2008, Detroit's "Big 3"—Ford Motor Company, General Motors, and Chrysler—were teetering, and two required federal government assistance to stay afloat. Within three years, remarkably, the Big 3 had turned around by improving competitiveness in quality, design, and cost, as well as through strong, decisive leadership on multiple fronts and improved union relations.
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Envision Charlotte: Building an Energy Cluster (Abridged)

By: William W. George
In 2006, Jim Rogers, CEO of Duke Energy, began to lay the groundwork to establish Charlotte as the "new energy hub of America." The Envision Charlotte initiative builds on the Charlotte region's economic development "energy capital USA" initiative.