That we might want to alter the system of corporate profits taxation is fair enough. But if we’re going to do that then we really need to be getting the underlying economics right. Corporate profits tax isn’t a method of taxing a company – there’s no there there. Taxes are paid, in the end, by the wallet of some live human being getting lighter. The study of whose is the study of tax incidence. A company is simply a collection of people, the taxation burden will lie on some collection of people inside and outside the company.…See More
It’s something between horrifying and delightful to see such a glorious missing of the point in this missive from Christine Lagarde concerning the gender diversity of the workforce. Horrifying that it has been missed, delightful to find that we’re ruled by those quite so blind – for it means that we can dismiss much else of what they say where we’re merely unsure if they’re wrong.
So, what she’s saying is that in many of the usual measures we can see that having a gender diverse workforce increases production for the same total labour input.…See More