North America

News Release

New CFR Scorecard Shows U.S. Corporate Tax System Keeps Foreign Profits Abroad

Nearly three decades after the last major tax overhaul, both Democratic and Republican parties and President Barack Obama agree that cutting the corporate tax rate and taxing foreign profits differently would move the tax system in the right direction. The outdated corporate tax system does not raise as much revenue as the systems of most other rich countries, even as U.S. corporate profits have reached record highs, according to a new progress report and scorecard from the Council on Foreign Relations' Renewing America initiative.

See more in United States; Tax Policy

Transcript

Agricultural Technology and Productivity Continue to Make Gains, Ensure U.S. Food Security

Speaker: Tom Vilsack
Presider: Roger C. Altman

With the 2014 farm bill now enacted into law, U.S. agriculture secretary Tom Vilsack visits CFR to discuss the USDA's policy priorities with Roger Altman of Evercore Partners. Vilsack credits advanced agricultural technology and the productivity of American farmers with maintaining the country's status as a food-secure nation, despite a growing population and a shrinking agricultural sector.

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Other Report

The U.S. system for taxing corporate profits is outdated, ineffective at raising revenue, and creates perverse incentives for companies to shelter profits overseas. It is also, for most U.S. companies most of the time, a pretty good deal, which is one of the big reasons why any serious overhaul will be so difficult to achieve.

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Video

Agricultural Technology and Productivity Continue to Make Gains, Ensure U.S. Food Security

Speaker: Tom Vilsack
Presider: Roger C. Altman

With the 2014 farm bill now enacted into law, U.S. agriculture secretary Tom Vilsack visits CFR to discuss the USDA's policy priorities with Roger Altman of Evercore Partners. Vilsack credits advanced agricultural technology and the productivity of American farmers with maintaining the country's status as a food-secure nation, despite a growing population and a shrinking agricultural sector.

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Primary Sources

Secretary Hagel's Remarks at People's Liberation Army National Defense University

Secretary Chuck Hagel traveled to China and Japan as part of the Obama administration's rebalance to the Asia Pacific region. On April 8, 2014, he spoke at the PLA's National Defense University about military-to-military relations and took questions about the U.S. stance on East China Sea and South China Sea disputes, the status of Taiwan, and the rapid economic development in China.

See more in China; United States; Regional Security; Grand Strategy

Audio

Agricultural Technology and Productivity Continue to Make Gains, Ensure U.S. Food Security

Speaker: Tom Vilsack
Presider: Roger C. Altman

With the 2014 farm bill now enacted into law, U.S. agriculture secretary Tom Vilsack visits CFR to discuss the USDA's policy priorities with Roger Altman of Evercore Partners. Vilsack credits advanced agricultural technology and the productivity of American farmers with maintaining the country's status as a food-secure nation, despite a growing population and a shrinking agricultural sector.

See more in United States; Agricultural Policy

Must Read

NYT: The Wolf Hunters of Wall Street

Author: Michael Lewis

"Katsuyama and his team did measure how much more cheaply they bought stock when they removed the ability of some other unknown trader to front-run them. For instance, they bought 10 million shares of Citigroup, then trading at roughly $4 per share, and saved $29,000 — or less than 0.1 percent of the total price… It sounded small until you realized that the average daily volume in the U.S. stock market was $225 billion. The same tax rate applied to that sum came to nearly $160 million a day."

See more in North America; Banks and Banking

Primary Sources

Nuclear Security Summit Statements

On April 5, 2009, President Obama gave a speech in Prague, calling nuclear terrorism "the most immediate and extreme threat to global security," and hosted the first Nuclear Security Summit (NSS) in Washington, DC in April 2010. Additional summits took place in Seoul in 2012 and in the Hague in 2014. The summit aims to secure nuclear material and encourage collaboration between countries to eliminate nuclear weapons. Countries report on their progress in securing their nuclear materials.

See more in Arms Control, Disarmament, and Nonproliferation; United States; Global