Peter Orszag writes that surprising growth of the nonprofit sector should prompt a closer examination of its tax exemption's budgetary impact.

Peter Orszag wants regulators to watch out for excessive consolidation in local hospital markets as Medicare's shift to value-based payments puts pressure on health care providers to merge and raise fees for private insurers.

Antitrust law, which has evolved primarily through landmark Supreme Court cases, plays an essential role in the maintenance of efficient markets and promotion of long-term U.S. economic prosperity.

Unlike other economic powerhouses, the United States does little to help its own companies win business abroad, and that timidity has allowed China to devour market share in emerging economies. It is time for Washington to shed its hang-ups about lobbying on behalf of American firms and start taking commercial diplomacy seriously.

Most lawmakers agree corporate tax reform is an important step in improving U.S. global economic competitiveness, but a debate over rate levels and whether to tax foreign profits of multinationals remains unresolved.

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.

Tim Fernholz questions whether the Securities and Exchange Commission can hold bankers accountable through prosecution as opposed to out-of-court settlements.

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.

Sebastian Mallaby argues that investment banks are rife with potential conflicts that harm customers. The solution is to break banks into functional units, so that merger experts, marketmakers and proprietary traders no longer cohabit.

Sebastian Mallaby says that the SEC's case against Goldman Sachs looks flimsy so far. If Goldman has become a poster child for excessive power on Wall Street, the SEC might become a poster child for government power run amok.

The first authoritative history of hedge funds; from their rebel beginnings to their role in defining the future of finance.

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.

Many people argue that inappropriate compensation policies in financial companies contributed to the global financial crisis. Some say the overall level of pay was too high. Others criticize the structure of pay, claiming that contracts for CEOs, traders, and other professionals induced them to pursue excessively risky and short-term strategies. This Working Paper, the eighth in the Squam Lake Working Group series distributed by the Center for Geoeconomic Studies, argues that governments should generally not regulate the level of executive compensation at financial firms. Instead, a fraction of compensation should be held back for several years to reduce employees' incentives to take excessive risk.

This Wall Street Journal op-ed examines what President Obama's plan to end proprietary trading at firms with a federal safety net could mean for reform of the financial system. 

Watch Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, analyze the effects of derivative markets on the economy and how the market needs to be reformed.

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

Listen to Gary Gensler, chairman of the U.S. Commodity Futures Trading Commission, analyze the effects of derivative markets on the economy and how the market needs to be reformed.

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

This Squam Lake Working Group Paper endorses legislation that would give authorities the necessary powers to effect an orderly resolution of large complex financial institutions. As part of this authority, every such institution should be required to create "living wills" that would help authorities address the difficulties that might arise in a resolution.