Which Corporate Taxation for America?
Corporate tax reform is one of the few issues that garner bipartisan support in a deeply divided US Congress. But there is significant debate about how to fix the system, particularly about how to tax the foreign earnings of US multinational companies.
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BERKELEY – Corporate tax reform is one of the few issues that garner bipartisan support in a deeply divided US Congress. The current system, all agree, is deeply flawed: the corporate tax rate is too high by global standards, and the corporate tax base is too narrow, owing to numerous credits, deductions, and special provisions that distort economic decisions.