2min chapter

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: Larry Summers on How to Manage Inflation; Should We Increase Rates Even Higher, Why We Need To Change The US Tax System, Why Europe is a Museum, China is a Jail and Bitcoin is an Experiment & How a Trump Win Would Hurt the US Economy

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

CHAPTER

The Importance of Tax Cooperation

The business community was right to be very concerned that the corporate tax rate was too high a few years ago. But there was no need to take the corporate tax rates down to 21%, 25%. The United States stands out right now for rejecting a global agreement that included made it much more difficult for corporations to put their income into Cayman Islands or Ireland and therefore essentially avoid taxation.

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