MASUI Yoshihiro

The factions jostling for Donald Trump’s favour We have identified five Republican tribes. This is what they mean for the party

Five distinct groups exist according to the survey -
The factions jostling for Donald Trump’s favour
economist.com/graphic-deta...
from The Economist

Prime Minister Ishiba’s Remarks at the Opening Session of TICAD 9 | Prime Minister's Office of Japan Speeches and Statements by the Prime Minister - Prime Minister's Office of Japan

TICAD 9 in Yokohama: AI, Gavi, and other initiatives. japan.kantei.go.jp/103/statemen... "We will support Africa’s vaccine supply through contributions of up to $550 million over the next five years to Gavi, the Vaccine Alliance."

The New Economic Geography Who profits in a post-American world?

My article The New Economic Geography is out today in @foreignaffairs.com
Please read!
(Ungated link, suitable for sharing)

shared.outlook.inky.com/link?domain=...

Our analysis of the full Joint Committee on Taxation tables of the flawed GOP megabill: a $1T tax cut for the top 1% and a staggering $2.4T tax cut for the top 10%.

Tax cuts of around $500B for households in the bottom 60%--the very folks who also face the brunt of cuts to Medicaid and SNAP.

About That Japan Deal Arithmetic has a well-known globalist bias

An instant post about that Japan deal. It's basically a joke
paulkrugman.substack.com/p/about-that...

CFP: Inaugural Association of Law and Political Economy Conference A forthcoming conference will launch the The Association of Law and Political Economy (ALPE): a membership organization with a regular annual conference, elected leadership, and an architecture for…

Have you heard the good news?

A forthcoming conference will launch the The Association of Law and Political Economy: a membership organization with a regular annual conference, elected leadership, and an architecture for open participation and collaboration.

We are excited to launch a project to remake federal tax administration. Effective tax administration is critical to the federal government, but has recently faced drastic challenges over the last six months.

Germany eyes 10% digital tax on tech giants Proposed levy would affect companies including Google and Meta

Okay, this is very significant news! A 10% tax on revenues (not profits) would not only break new ground in Germany, it’d be by far the highest digital tax rate in Europe.

A key part of the reasoning:

"The Worldwide and Retaliatory Tariffs lack any identifiable limits and thus fall outside the scope of § 1702."

The Tax Collector : Throughline Gangsters, banksters, and politicians. Today on the show, how the hunt for Al Capone helped turn the IRS into one of the U.S. government's most powerful tools — and most effective weapons.To access bo...

Check out this Throughline episode from @npr.org, where Tax Notes’ @joethorndike.bsky.social helps explain how the hunt for Al Capone helped turn the IRS into one of the U.S. government’s most powerful tools. 👇

Trump administration revokes Harvard's ability to enroll international students International students make up more than a quarter of Harvard University's student body. Harvard says the government's actions, which could cut off a major revenue stream, are "unlawful."

JUST IN: International students make up more than a quarter of Harvard University's student body. Harvard says the government's actions, which could cut off a major revenue stream, are "unlawful."

The House Ways and Means Tax Bill Encourages Tax “Gaming,” Adds Complexity, and Increases Filing Burdens on Low- and Middle-Income Families and Workers This post explores the bill's troublingly haphazard approach to tax breaks that would create new opportunities for tax avoidance and evasion, add complexity to the tax system, and increase filing burd...

The House Ways and Means bill takes a troublingly haphazard approach to tax breaks that would create new opportunities for tax avoidance and evasion, add complexity to the tax system, and increase filing burdens for low- and middle-income people. taxlawcenter.org/blog/the-hou...

Another troubling own goal that will hurt US exports, US innovation, and US prosperity. (International student tuition is a service export.)

To say nothing to the damage to US standing in the world, international relations, and future partnerships... as well as the students themselves!

The thing that is particularly noteworthy here - to me at least - is that effective tax rates (i.e. what's actually paid) have *increased* recently. This aligns with OECD data (which uses a different methodology). It might be the first time in 40 or 50 years that such a broad increase has happened.

Maltese ‘golden’ passports were sold to Russians with Ukraine war links Paid-for citizenship that could be banned by European court was handed to people who later faced sanctions

BOOM - EU court rules AGAINST Malta's "golden passports" scheme

"Such ‘commercialisation’ of citizenship is incompatible with the basic concept of Union citizenship as defined by the Treaties... Malta has infringed EU law"

Deep dive on this from @lauramdubois.ft.com here www.ft.com/content/b6ac...

Fossil Capital in the Caribbean: The Toxic Role of “Regulatory Havens” in Climate Change Secrecy jurisdictions play a crucial role in the legal framework perpetuating climate change. This paper demonstrates how these jurisdictions sustain the dynamics of climate change by enabling capita...

The piece draws from our recently published article in @reggovjournal.bsky.social. We unpack how regulatory havens enable fossil capital and deepen colonial extraction.

Read the full paper here 👉 onlinelibrary.wiley.com/doi/10.1111/...
#Regulation #FossilCapital #TaxHavens #LPE #Caribbean

Trump eyes targeting more tax-exempt groups while denouncing Harvard President Donald Trump defended his administration's moves to strip Harvard of its tax-exempt status and suggested more organizations could be in the IRS's crosshairs.

The silence from Republican lawmakers re: Trump’s suggestions that IRS audit specific tax exempt orgs is deafening. Here’s a short history of how Rs and Ds responded to prior IRS reviews of tax exempts when *no* political appointees, let alone the President, were interfering. 1/

PIIE experts react to Trump’s tariffs announced April 2 President Donald Trump rolled out a new Executive Order Wednesday imposing tariffs of 10 percent or higher on all US trading partners. Here is a sample of PIIE experts’ initial reactions, lightly edit...

Some choice words on the tariffs.

PIIE experts react to Trump’s tariffs announced April 2 www.piie.com/blogs/realti...

Eight principles for the 2025 tax policy debate (that Republicans and Democrats should be able to agree on) The Tax Cuts and Jobs Act, which Congress passed in 2017, came with a built-in policy time bomb—several of the more popular provisions are set to expire on the last day of 2025. These tax cut expirati...

(4/4) For more on principles for tax policy in the coming tax debate, including avoiding gimmicks (principle #8!) see my recent piece from @piie.com

www.piie.com/publications...

The SEC Is Abandoning Its Biggest Crypto Lawsuits Regulators at the US Securities and Exchange Commission have called a sudden truce with the cryptocurrency industry, bringing an end to years of legal conflict.

NEW: The US Securities and Exchange Commission (SEC) is backing away, one-by-one, from the volley of lawsuits and investigations it brought against cryptocurrency businesses under the Joe Biden administration.

My co-author @shuyioei.bsky.social and I just posted our new paper, “Global Tax Decluttering,” looking at a new round of global tax dynamics: papers.ssrn.com/sol3/papers.....

Steel Tariffs and U.S. Jobs Revisited | Econofact The 2018 tariffs raised domestic steel prices, putting downstream U.S. manufacturing firms at a disadvantage relative to foreign competition.

In light of latest of steel/aluminum tariff threats, it's a good time to review the evidence.

This work finds job losses in metals-using sectors outweigh job gains in metal sectors ~75 to 1.

Steel Tariffs and U.S. Jobs Revisited econofact.org/steel-tariff... via @econofact.bsky.social

(1/3) Some Early Lessons from the Trade War of February 1-3, aka the Groundhog Day trade war

#1 The good news. The US govt decided *not* to levy the largest tax increase in a generation, which would have been very distortionary, hurting production, employment, and growth across North America.

This is a very good observation. Corruption unchecked.

initial thought for Japanese audience. ymastax.blogspot.com/2025/01/blog...

Weather service issues its most severe fire warning for parts of L.A. area as winds pick up The most serious red flag fire weather warning has been issued by the NWS for swaths of L.A. and Ventura counties starting before dawn Tuesday.

I know this is the last thing anyone wants to hear right now, but the wind is expected to pick back up tomorrow in Los Angeles and Ventura counties. The National Weather Services says: "This is a continued extreme fire weather and wind scenario." www.latimes.com/california/s...

Japan: ruling parties announced to introduce QDMTT & UTPR in the 2025 tax reform