Introduction -- Capital explosion -- Tax cut revolution -- Flat tax club -- Mobile brains and mobile wealth -- Taxing businesses in the global economy -- The economics of tax competition -- The battle for freedom and competition -- The moral case for tax competition -- Options for U.S. policy

Globalization is knitting separate national economies into a single world economy. That is occurring as a result of rising trade and investment flows, greater labor mobility, and rapid transfers of technology. As economic integration increases, individuals and businesses gain greater freedom to...

The role of wealth in the economy is the focus of much policy debate. This study examines wealthy individuals as “angel” investors, who fund startup businesses. Angel investors provide a unique source of support for America’s entrepreneurs, particularly in leading‐​edge industries