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10 Friday AM Reads
My end of week morning
train WFH reads:
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The Corporate Tax Burden: Facts and Fiction To understand how taxes affect markets, begin by laying out the pathways through which corporate taxes affect company value, and then look at how the 2017 tax reform act, which lowered the federal tax rate from 35% to 21%, has affected corporate behavior. (Damodaran Musings on Market)
see also
Joe Biden Declares War on Tax Havens – in Europe, Too U.S. President Joe Biden is calling for a minimum corporate tax rate of 21 percent for companies. But countries like Ireland and Luxembourg have established a lucrative revenue stream through big breaks for multinationals. A number of EU countries could soon feel the pinch. (Spiegel) ....

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