WASHINGTON — In the ever-evolving debate over international tax reform, a seductive economic theory has steadily gained traction among legal scholars and progressive economists: if a government fixes its corporate tax base—most notably by implementing full expensing and closing profit-shifting loopholes—the economic penalties of high tax rates effectively vanish. This conceptual framework has now been…
Main Facts A provocative upcoming paper in the Tax Law Review, titled “Taxation and Deglobalization” by prominent legal scholar Reuven Avi-Yonah, has ignited a fierce debate among economists and tax policy analysts. Avi-Yonah argues that if governments implement comprehensive structural reforms to the corporate tax base—specifically incorporating full expensing for capital investments and measures to…
By PYMNTS | June 26, 2026 As the initial frenzy of generative AI adoption settles into a phase of pragmatic implementation, a sobering reality is beginning to take hold in corporate boardrooms across the globe. Despite the massive capital expenditure funneled into artificial intelligence pilots over the past two years, a significant majority of enterprises…
