UnCommon Sense about Corporate Taxes

Recent reports of GE’s artful dodge of U.S. income tax liability raised a furor about tax loopholes for fat cats and calls for a flat tax! But Rob Atkinson explains in a blog that the bigger story is that we need a rational debate on how to design tax policies to spur innovation, global competitiveness and growth. He cautions those on the left to seek progressive tax policies but to whacking at U.S. companies that are up against fierce global competition and advises those on the right and in the center that taxing barber shops and semiconductors at the same simple rate is not going to spur the growth and competitiveness we need.