Summers Sees Economic Risks in Trump Tax Reform

The video discusses the potential benefits of genuine tax reform, emphasizing the need for simplification and increased investment incentives. It critiques current proposals, highlighting risks such as encouraging businesses to operate abroad. The discussion also covers GDP growth, noting that recent figures are not indicative of long-term trends or the effectiveness of current policies.

In what ways does the text suggest that companies avoid taxes by locating profits abroad?

What does the text imply about the sustainability of a 3% GDP growth rate over the next 5 to 10 years?