Rasmus Corlin Christensen
@phdskat.org
1.9K followers 310 following 620 posts
Associate Professor @ Copenhagen Business School | International political economy, international tax, global governance, professionals. 🌐 phdskat.org
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Reposted by Rasmus Corlin Christensen
gregorsemieniuk.bsky.social
🚨NEW PAPER🚨
We all know the 2022 energy price shock fueled the cost of living crisis. It also caused a profit bonanza for the very rich. We show the US reaped the largest profits ($377bn) of any country. 50% went to the richest 1%, only 1% to the bottom 50%. A🧵 www.sciencedirect.com/science/arti...
River or sankey diagram showing the allocation of profits from global oil and gas companies to quantiles of the US wealth size distribution via financial system intermediaries, such as asset managers, and categories of ultimate beneficiaries, such as business owners, pension funds and shareholders in listed companies. The scale is hundreds of billions of US dollars, and ultimately 50.4% of profits reaching the US personal wealth distribution go to the richest 1% of households.
phdskat.org
Sadly, I find myself missing ‘14-‘16 Twitter
Reposted by Rasmus Corlin Christensen
louisoncf.bsky.social
#Denmark politicians wage a #culture #war on #academia —with @roskildeuni.bsky.social as their go-to target.

These attacks are assaults on #freedom, #rights and #democracy. We spoke out:

@berlingske.bsky.social : www.berlingske.dk/synspunkter/...

@politiken.dk : politiken.dk/debat/debati...
phdskat.org
An observation: Let's just say it's not exactly an advantage to come from a culture associated with the Law of Jante when you have to write expansive, self-praising narrative biosketches.
phdskat.org
Efter sidste uges engelske dom i udbyttesagen, er jeg (igen) blevet spurgt en del gange om, hvordan vi overhovedet endte her. Og det bedste svar er fortsat: læs Jesper Tynells forrygende "Af Hensyn til Erhvervslivet".

@chellersgaard.bsky.social's og min anmeldelse af bogen kan i øvrigt læses her:
6 A'er: Bog om udbytteskandalen giver på forbilledlig vis et unikt indblik i statens virke - Altinget
Cavling-vinder Jesper Tynells 'Af Hensyn til Erhvervslivet' viser ned til mindste detalje, at årsagen til udbytteskandalen ikke var inkompetence, men erhvervslivets store indflydelse, der flyver under...
www.altinget.dk
phdskat.org
So many folks to thank for help along the way, academic friends at CBS and around the world. I know I've been fortunate - luckier than most - to have such a supportive cast of mentors and colleagues around me, who all made this happen. I'll be spending some time to make sure all of them know it too!
phdskat.org
Some personal news: As of today, I am appointed Associate Professor at Copenhagen Business School.

With apologies to my colleagues - and possibly all of you - who'll now have to endure my tax ramblings for years to come.
phdskat.org
Yes, that is, well, pretty much exactly the success story
Reposted by Rasmus Corlin Christensen
kclausing.bsky.social
🧵 (1/7) With @knittelmit.bsky.social and @cwolfram.bsky.social, happy to announce our new paper on “Who Bears the Burden of Climate Inaction?”, just posted for BPEA @brookings.edu.

We find large climate cost impacts that vary by both geography and income.

www.brookings.edu/articles/who...
phdskat.org
This is good and more people need to recognize how important the particularities of the Danish parliamentary system are to explaining the Danish Social Democrats' "success" on immigration when comparing it to other national political contexts.
Reposted by Rasmus Corlin Christensen
kprodani.bsky.social
🚨New article🚨 Why has the promise of universal ownership been broken, as @benbraun.bsky.social has suggested?

Our argument: because the Big Three are hardly universal. They mainly invest in those that can insulate themselves from environmental harm - big tech & financials in the Global North.
🧵
phdskat.org
You simply can't have an effective global system with integrity and also give significant special treatment to US-based firms. That was the case before the G7 summer "deal" and remains the case today.
phdskat.org
"We need to be sure that one/two/three years down the road, the United States will not come with a much different rate, which would be much lower, because that would change completely the picture."

EU direct tax chief Benjamin Angel on possible US special treatment in the global minimum tax system.
Pillar 2 Side-by-Side System Needs Safeguards, EU Official Says | Tax Notes
Tax Notes is the first source of essential daily news, analysis, and commentary for tax professionals whose success depends on being trusted for their expertise.
www.taxnotes.com
phdskat.org
“På Socialdemokratiets årsmøde fik RUC mere opmærksomhed end Putin, houthierne og klimakrisen.”

🤗
Reposted by Rasmus Corlin Christensen
phdskat.org
But of course the institutions that in the past made wealth taxes (and other taxes on capital) seem undesirable are political and man-made, and so can be changed - in fact, have been changed, are being changed (radically so). Too rarely does that enter the debate (although Zucman tries his best).
phdskat.org
Or, in Rixen's terms, tax competition is a "natural force", "exogenously given" and thus un-changeable. At least to make experts and decision-makers.
phdskat.org
I always liked Lynne Latulippe's idea of tax competition (i.e. you try to tax wealth more, it just moves) as an *internalized* policy goal - it becomes an almost psychological notion, deeply ingrained in people's beliefs about how the world works
phdskat.org
Pretty balanced piece on wealth taxes but still striking how 90s-globalization-pilled a lot of policy-makers and experts are on this (whether strategically or incidentally)
The problem with taxing the rich
Fiscal systems designed around income and consumption struggle to capture wealth, and billionaires are highly mobile
www.ft.com