Should the WTO Determine U.S. Tax Policy?
About This Event
Twice over the past several years, judicial bodies of the World Trade Organization have ruled that the U.S. foreign sales corporation tax provisions, which provide a tax benefit for U.S. exporters, constitute an illegal export subsidy. As a result, the European Union, which brought the original suit, has threatened to impose sanctions against the United States affecting exports worth some $4 billion. U.S. trade representative Robert Zoellick has called this dispute and threat "an atomic bomb" hanging over the WTO and U.S.-EU relations--yet at this time, no feasible compromise has been suggested by either side. At this seminar, leading trade and tax experts will discuss the likely impact that WTO action may have on U.S. tax policy toward multinational corporations.
Agenda
1:15 p.m. Registration
1:30 Introduction: J. Michael Finger, AEI
Panelists: Dave Brumbaugh, Congressional Research Service
Mihir Desai, Harvard University, NBER
Gary Hufbauer, Institute for International Economics
John Meagher, PriceWaterhouse Coopers
Moderator: Kevin A. Hassett, AEI
3:30 Adjournment

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AEI Participants

 

Kevin A.
Hassett
  • Before joining AEI, Mr. Hassett was a senior economist at the Board of Governors of the Federal Reserve System and an associate professor of economics and finance at the Graduate School of Business of Columbia University, as well as a policy consultant to the Treasury Department during the George H. W. Bush and Clinton administrations. He served as an economic adviser to the George W. Bush 2004 presidential campaign, chief economic adviser to Senator John McCain during the 2000 presidential primaries, senior economic adviser to the McCain 2008 presidential campaign, and economic adviser to the Mitt Romney 2012 presidential campaign.   Mr. Hassett is a columnist for National Review.

  • Phone: 202-862-7157
    Email: khassett@aei.org
  • Assistant Info

    Name: Emma Bennett
    Phone: 202-862-5862
    Email: emma.bennett@aei.org
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