UPS CEO Supports TPP, Comprehensive Tax Reform

The video discusses UPS's support for the TPP, emphasizing its benefits for market access and simplified trade rules. It highlights the importance of US involvement in setting trade rules, especially with China's concurrent trade negotiations. UPS's lobbying efforts focus on convincing lawmakers of TPP's advantages, particularly for small businesses. The video addresses public concerns about TPP favoring large corporations and argues that it is a job creator. It concludes with a discussion on corporate tax reform, advocating for a competitive tax rate and territorial tax scheme.

Why does UPS support the Trans-Pacific Partnership (TPP)?

• To compete with European companies

• To gain market access and simplify trade rules

• To manufacture goods in new markets

• To reduce shipping costs

How does China's trade deal impact UPS's strategy?

• It requires UPS to change its shipping routes

• It provides an opportunity to observe and build a case for TPP

• It forces UPS to close its hub in Shenzhen

• It has no impact on UPS's strategy

What is a key argument UPS uses to support TPP in its lobbying efforts?

• It will primarily benefit large corporations

• It will increase taxes for small businesses

• It will reduce the need for international trade

• It will create jobs by increasing package processing

What is a concern raised by critics of the TPP?

• It will primarily benefit large corporations

• It will decrease international trade

• It will increase environmental regulations

• It will only benefit small businesses

How does UPS relate package processing to job creation?

• Every 22 packages processed creates a new job

• Every 10 packages processed creates a new job

• Every 100 packages processed creates a new job

• Every 50 packages processed creates a new job

What percentage of the world's consumers live outside the United States, according to the transcript?

• 50%

• 75%

• 95%

• 85%

What is UPS's stance on corporate tax reform in the US?

• They want to increase the corporate tax rate to 35%

• They support comprehensive tax reform for stability and competitiveness

• They oppose any changes to the current tax system

• They believe tax reform is unnecessary