# Professor Lawrence White explains the challenges associated with profit-sharing arrangements

1 Faculty News October 16, 2019 ![Inside Sources logo](/sites/default/files/styles/246w/public/assets/images/insidesources.png?itok=Lg_SHiO9)>

Excerpt from [Inside Sources](https://www.insidesources.com/bernie-sanders-economic-proposals-may-be-unconstitutional-and-hes-ok-with-that/) -- "Conservatives and progressives alike often talk about closing tax loopholes to ensure a fairer, more just tax system. Sonenshine and [Lawrence White](https://www.stern.nyu.edu/faculty/bio/lawrence-white), a professor of economics at New York University’s Leonard N. Stern School of Business who describes himself as 'markets-oriented,' approve of eliminating offshore tax havens and raising the corporate tax rate a little bit — not quite to 35 percent, but maybe around 25 percent, they said."

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