CPA

Edwin Way, a graduate student at Indiana University, is a CPA research intern. He is proficient in Mandarin Chinese, giving him the ability to read and interpret Chinese government data. His article below shows how China finances its government through taxes on imports. Indeed 20% of the Chinese government’s tax revenue comes from charging their [...]

Read the full story

Edwin Way, a graduate student at Indiana University, is a CPA research intern. He recently studied China’s strategic use of value added tax rebates (export tax rebates) to gain a competitive, and in our view unfair, advantage in global trade. China spends almost $100 billion per year now subsidizing exports in this facially WTO-legal way. [...]

Read the full story

Pat Choate’s recent book, "Saving Capitalism," includes a chapter documenting how foreign value added taxes are harming our trade balance.  He includes substantial data in an appendix showing the tariff and subsidy impact of foreign VAT’s on U.S. trade.  The Washington law firm of Stewart & Stewart compiled the data for Mr. Choate’s book.

This is the summary bar chart.

This rich data is now available for you below the fold, in spreadsheet form.

Read the full story