Globalization and the Fair Tax

Paper Summary:

This paper examines how currently the United States has a complicated system of quotas, tariffs, and subsidies in place in an attempt to protect American business interests. It contends that for the most part these protectionist measures do their job, but not as efficiently or effectively as they could and that the drawbacks of tariffs, quotas, and other protectionist policies outweigh the benefits that they give, especially when there is a better solution to the problem. It argues that the Fair Tax plan is the best option to help stimulate American companies into keeping production in the United Sates and to stem the loss of American jobs. The paper assesses the Fair Tax plan as an answer to outsourcing by examining outsourcing, protectionism, and tax competition.

Outline:
Outsourcing and Protectionism
Export Processing Zones (EPZ's) and Tax Competition
The Fair Tax Plan as an Answer
Conclusion

From the Paper:

"Currently the United States has a complicated system of quotas, tariffs, and subsidies in place in an attempt to protect American business interests. For the most part these protectionist measures do their job, but not as efficiently or effectively as they could. Quite frankly, the drawbacks of tariffs, quotas, and other protectionist policies outweigh the benefits that they give, especially when there is a better solution to the problem. That solution is the Fair Tax plan. In fact the Fair Tax plan is the best option to help stimulate American companies into keeping production in the United Sates and to stem the loss of American jobs. To begin assessing the Fair Tax plan as an answer to outsourcing one must first more thoroughly examine outsourcing, protectionism, and tax competition."

Sample of Sources Used:

• Altschiller, Donald, ed. The Reference Shelf: Free Trade vs. Protectionism. New York: The H.S. Wilson Company, 1988.
• Bergsten, C. Fred. America in the World Economy: A Strategy for the 1990's. Washington DC : Institute for International Economics, 1988.
• Boortz, Neal and John Linder. The FairTax Book: Saying Goodbye to the IRS. New York: Regan Books, 2005.
• Cooper, Gary L and Ronald J. Burke, ed. The New World of Work: Challenges and Opportunities. Oxford: Blackwell, 2002.
• Dreher, Alex. "Globalization and Taxation in the OCED: Evidence From a New Indicator of Integration." Public Finance and Management 5 (2005): 400-420.

More papers on Globalization and the Fair Tax:

• Analytical Essay # 141334 : "The Fair Tax"
• Analytical Essay # 136918 : "Economic Globalization and the Role of Corporations"
• Essay # 63847 : "Steel Tariffs"

APA Citation:

MLA Citation: