The 2021 Martin Feldstein Lecture: The Taxation of Business Income in the Global Economy

Alan J. Auerbach, the Robert D. Birch Professor of Economics and Law at the University of California, Berkeley, and past president of the National Tax Association, presented the 2021 Martin Feldstein Lecture on "Taxing Business Income in a Global Economy." He examined the challenges of taxing multinational firms when capital is mobile, markets are integrated, and businesses derive a substantial part of their earnings from intangible assets.  The Feldstein Lecture Series was launched in 2009 by the NBER Board of Directors to celebrate the contributions of the distinguished economist and long-time NBER President Martin Feldstein, who passed away in 2019.

Read the transcription of the Lecture