by Summary:
Our lead story: Erin takes a look at how some of the largest US companies parked their earnings in low tax countries. Many countries with low corporate tax rates use this as a vehicle to increase investment from abroad while also increasing jobs at home. US companies move to these countries to book profits offshore, but they also don't want to pay taxes on these earnings. Erin brings you more. Our guest today is author and economist Thomas Palley, who gives his view on the importance of wage growth and full employment in our ongoing economic recovery. Palley talks about the role of the Fed, and some alternative methods of financial regulation. Check out his ideas on what he calls "asset based reserve requirements." For today's Big Deal, Edward Harrison joins Erin to talk about what
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Thomas Palley considers the following as important:
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Our lead story: Erin takes a look at how some of the largest US companies parked their earnings in low tax countries. Many countries with low corporate tax rates use this as a vehicle to increase investment from abroad while also increasing jobs at home. US companies move to these countries to book profits offshore, but they also don't want to pay taxes on these earnings. Erin brings you more. Our guest today is author and economist Thomas Palley, who gives his view on the importance of wage growth and full employment in our ongoing economic recovery. Palley talks about the role of the Fed, and some alternative methods of financial regulation. Check out his ideas on what he calls "asset based reserve requirements." For today's Big Deal, Edward Harrison joins Erin to talk about what
Topics:
Thomas Palley considers the following as important:
This could be interesting, too:
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| Our lead story: Erin takes a look at how some of the largest US companies parked their earnings in low tax countries. Many countries with low corporate tax rates use this as a vehicle to increase investment from abroad while also increasing jobs at home. US companies move to these countries to book profits offshore, but they also don't want to pay taxes on these earnings. Erin brings you more. Our guest today is author and economist Thomas Palley, who gives his view on the importance of wage growth and full employment in our ongoing economic recovery. Palley talks about the role of the Fed, and some alternative methods of financial regulation. Check out his ideas on what he calls "asset based reserve requirements." For today's Big Deal, Edward Harrison joins Erin to talk about what lessons Japan's Abenomics experiment can teach the US. Also check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT http://www.facebook.com/harrison.writedowns http://www.facebook.com/erinade2020 Follow us @ http://twitter.com/ErinAde http://twitter.com/edwardnh |