tag:blogger.com,1999:blog-4622776924781844427.post7280464040232841461..comments2024-03-23T13:43:27.051-04:00Comments on Tax, Society & Culture: Must read: @Salon on Lobbyists Posing as Think TanksAllisonhttp://www.blogger.com/profile/16733465339926078146noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4622776924781844427.post-13532815721081731152013-11-19T13:26:06.925-05:002013-11-19T13:26:06.925-05:00Thanks Jeff, this is absolutely spot on. It is a c...Thanks Jeff, this is absolutely spot on. It is a constant source of amazement to me how the public can be so easily persuaded that multinationals should be let out of the US tax net while people living in other countries with US status should be firmly trapped within it. If the US goes territorial for corporations but keeps citizenship based taxation it will be the most unjust system on the planet--it's very close to taking that title as it is.Allisonhttps://www.blogger.com/profile/16733465339926078146noreply@blogger.comtag:blogger.com,1999:blog-4622776924781844427.post-44731795655592019692013-11-18T07:42:07.567-05:002013-11-18T07:42:07.567-05:00Allison, thank you for posting this to remind us a...Allison, thank you for posting this to remind us all how important this is.<br /><br />On a related note, I wrote the following back in March in an article on the Forbes website in regard to international tax reform:<br /><br />" Is “territoriality” the only tax reform option to replace our present “deferral” system for taxing U.S. based multinational corporations? Is it inevitable? You might think so from what one often reads in the press.<br /><br />"Maybe that’s because 99% of the few folks who understand what “deferral” and “territoriality” mean work for the multinationals (MNCs) that would benefit from adopting territoriality or for the law, accounting and lobbying firms that are well paid to service the MNCs. Most reporters don’t understand these concepts and can do little more than repeat what the 99% feeds them. Most politicians don’t get it either; although they do understand where their campaign contributions come from. Even our President was recently reported to have said that he might back a territorial system, although the most recent word from the White House is that “a pure territorial system” probably would not be the best way to achieve tax reform.<br /><br />"As for the other 1%, well, those are mostly law school professors without lobbyists. (Full disclosure: I provided international tax advice for more than 30 years to MNCs and now teach lawyers how to do likewise within a graduate tax program at the University of Washington School of Law.)"<br /><br />In case anyone wants to see the entire piece (not too long and written for a non-technical audience), the link is:<br /><br />http://www.forbes.com/sites/janetnovack/2013/03/11/tax-and-territoriality-the-corporate-99-versus-the-law-school-1/<br /><br />Best regards.<br /><br />Jeff<br />Jeff KadetJeff511Whttps://www.blogger.com/profile/03266643719071056130noreply@blogger.com