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As lawmakers have considered changes to the tax code over the years, a few common principles have underpinned those efforts. First, they have wanted to create incentives to locate jobs in the United States. Next, they have wanted to encourage companies to perform their research and development (R&D) – which usually means high-paying jobs – domestically. Lastly, they have wanted to provide incentives [...] -
Earlier this month, ITI traveled to Geneva to participate in the United Nations Conference on Trade and Development (UNCTAD) E-Commerce Week, and to meet with a range of trade officials from various governments. When it comes to e-commerce, there is plenty to discuss in Geneva. In just a few weeks, nearly 80 members of the World Trade Organization (WTO) – from every region of the world – will gather [...]
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This week action occurred in France that received little notice. On Monday, the Assemblée Nationale passed digital services tax legislation that would apply a three percent tax on revenues derived from certain digital services, such as advertising. This action set in motion expedited consideration by the French Sénat. Passage and adoption of this controversial tax looks likely. France has discussed [...]
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The United States-Brazil relationship will take center stage this week as Brazilian President Jair Bolsonaro travels to Washington, D.C. to meet with President Trump for the first time. This is an important moment for both countries as their leaders come together to discuss issues of mutual interest, including economic success, trade, and security. It’s also an important opportunity to advance policies [...]
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The 116th Congress marks another moment of profound political change and an important opportunity to advance policies that meet the needs of Americans and American-based businesses in the 21st century. As we continue into 2019, ITI’s mission is to empower policymakers with the information necessary to pursue policies that enable economic growth and job creation, keep the American workforce competitive, [...]
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It’s easy to forget just how much technology has changed our world and our lives. A little more than a decade ago, a small business owner relied on foot traffic from local customers rather than web visits from international shoppers to grow. Drivers mapped out unfamiliar routes and took wrong turns instead of using precise, voice-activated directions to travel. Cancer patients faced an uncertain diagnosis [...]
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Digital technology drives global commerce. It ensures payments happen on time and in the right amount. It keeps farms yielding abundantly, factories working efficiently, and trucks running smoothly. It allows stores to track and manage inventory seamlessly. But to grow and thrive in the modern economy, businesses need trade rules that protect their operations and address today’s digital reality. The [...]
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The chairman of President Trump’s Council of Economic Advisers, Kevin Hassett, recently proclaimed that “there are a heck of a lot of U.S. companies” that will suffer and watch “their earnings being downgraded,” as the U.S.-China trade dispute slogs on. He’s right. Tariffs are a direct threat to American families, workers and companies, hindering economic growth and slowing hiring. But the administration’s [...]
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In our recent book, What To Do When Machines Do Everything we argue that in 10 years’ time employment levels in the Western world will be higher than they are today. For some people that’s a head scratcher. In our analysis, Artificial Intelligence (AI) isn’t, as it’s popularly portrayed in the click-bait media, simply a job destroyer. AI is a new tool – a datascope perhaps – that allows us to see things [...]
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The leaders of the world’s 20 largest economies are gathering in Argentina for the annual G-20 Summit. All eyes will be on President Donald Trump and Chinese President Xi Jinping as they meet face-to-face to discuss escalating trade tensions between the world’s two largest economies. With tariffs on many Chinese goods set to increase to 25 percent in January, both leaders must take this opportunity [...]
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