Trump has proposed cutting the corporate tax rate from the current 39% to 15%.
Where the U.S. stands today:
Currently the U.S. has the third-highest corporate tax rate in the world, but if Trump succeeds in the tax cut, the U.S. will be among the 20 countries with the lowest corporate tax rate.
Sen. Elizabeth Warren said at the Democratic debate Thursday that economists who claim her wealth tax proposal would stifle growth and investment are "just wrong."
Why it matters: Warren's riff on the wealth tax, in which she emphasized how "a two cent tax" on fortunes of $50 million and above, has become a core part of her stump speech.
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Illustration: Sarah Grillo/Axios
More than two years after Amazon announced its search for a second headquarters and cities around the U.S. bent over backwards to offer the megacompany as much free cash and incentives as they could, new research confirms what economists have been saying for years: Such programs are a waste of money.
Driving the news: A paper from researchers at Princeton and Columbia Business School found "no evidence" that business tax incentives given to individual companies increased broader economic growth at the state and local level.
Illustration: Rebecca Zisser/Axios Visuals
French authorities have three years to test a new law allowing them to comb social media posts and find evidence of tax fraud or evasion, Bloomberg Tax reports.
Catch up quick: All personal data mined under the law must be public by the user and not password protected, per Bloomberg, and authorities cannot look for evidence that taxpayers have been warned for not filing a tax return.