Alan Schwartz: The Tax Code Needs to Be Reformed

The video discusses the complexities of tax inequality, focusing on the need for comprehensive tax reform rather than isolated changes. It highlights the role of global Wall Street in addressing income inequality and clarifies misconceptions about tax inversions, explaining how U.S. tax policies can disadvantage domestic companies compared to international counterparts.

What are the implications of taxing carried interest at a higher rate like income?

How does the current tax code contribute to income inequality?

What is the significance of understanding the entire balance sheet in tax reform?

What are tax inversions and how do they affect tax responsibilities?

In what ways does the U.S. tax system differ from other OECD countries?