Although U.S. multinationals include many of biggest companies in the United States, the full extent of their economic impacts are less well known. The McKinsey Global Institute seeks to provide a fuller picture by assessing the contributions of MNCs across the key metrics of economic performance.

The European Commission has launched proposals to radically reform corporate income tax in the EU with a system known as the Common Consolidated Corporate Tax base. This column in Vox suggests that this reform would have significant effects on individual member states, but only small effects at the aggregate level in terms of employment, GDP and efficiency.

ProPublica tells the inside story of why the Federal Reserve agreed to allow banks to raise dividends in 2011, despite warnings that banks were not healthy enough and that the economy could implode again.

John B. Bellinger III discusses the upcoming Supreme Court hearing of arguments in Kiobel v. Royal Dutch Petroleum, which will decide whether corporations may be sued in U.S. courts for violations of international law under the Alien Tort Statute.

As the White House releases the 2013 budget, corporate taxation could be an issue where Congress can find compromise in fiscal policy. Both parties agree the current corporate tax regime is inefficient and often disadvantages U.S. businesses globally.

Jane G. Gravelle and Thomas L. Hungerford examine controversies regarding corporate tax reforms.

The debate over a new anti-corruption law in India highlights political dysfunction in New Delhi and distracts from the larger issue of an urgent need for economic reforms.

This report focuses on the global issues relating to tax rate differentials between the United States and other countries. It provides tax rate comparisons; discusses policy implications, including the effect of a corporate rate cut on revenue, output, and national welfare; and discusses the outlook for and consequences of a revenue neutral corporate tax reform.

A spate of high-profile scams has weakened India's government and raised concerns among foreign investors. Businesses and civil society say the country needs more effective anti-corruption laws.

Report

Sebastian Mallaby, director of the Maurice R. Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations and the author of More Money than God, discusses his book and the role of hedge funds in the financial system.

Sebastian Mallaby, director of the Maurice R. Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations and the author of More Money than God, discusses his book and the role of hedge funds in the financial system.

Tom Braithwaite and Francesco Guerrera compare the efforts to regulate the financial industry following the Great Depression to those underway today.

Chairman of the Economic Recovery Advisory Board Paul Volcker argues that, in order to minimize the risks of financial institutions' moral hazard, banks must be "free to fail" and prohibited from proprietary trading, running hedge funds, and engaging in potentially risky activities.

Watch Jean-Claude Trichet, president of the European Central Bank, discuss global governance in light of the recent financial crisis.

This meeting was part of the C. Peter McColough Series on International Economics.

Listen to Jean-Claude Trichet, president of the European Central Bank, discuss global governance in light of the recent financial crisis.

This meeting was part of the C. Peter McColough Series on International Economics.

The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.

Congressional wrangling over financial reform and the SEC's fraud case against Goldman Sachs could impact SEC powers and encourage stronger derivatives regulation.

The IMF's proposals to tax the banks will be popular, but are incomplete.

Listen to Kenneth R. Feinberg, special master for TARP Executive Compensation, discuss federal regulation of executive pay.

This session was part of the 2010 CFR Corporate Conference.