Posts Tagged 'Japan'

We Ignore Japan at Our Peril

We Ignore Japan at Our Peril

A few weeks ago, I wrote about the deepening rift between the United States and Japan, and the folly of appointing a completely unqualified Caroline Kennedy as the U.S. ambassador to Japan. If there ever was a time to have an experienced ambassador with solid credentials, it is now.

Just as the U.S.-led effort to create the multi-lateral Trans-Pacific Partnership (TPP) — the largest free-trade agreement in history — is gaining traction, which would open Asia for U.S. exports ...

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When It Isn’t Good to be Number One

When It Isn’t Good to be Number One

America loves to be number one. But now we have the dubious distinction of being number one in a category that nobody wants: we have the highest corporate tax rate in the world. The result is that the U.S. tax code continues to drive American employers to outsource jobs overseas.

Since 2001, Japan had levied the highest combined corporate tax rate among the Organization for Economic Cooperation and Development (OECD) countries at 39.5 percent. They recently lowered their rate to 38.01 ...

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