Saturday, November 9, 2013
Berkeley Research Group, Implications of a Switch to a Territorial Tax System in the United States: A Critical Comparison to the Current System:
Berkeley Research Group released a new report today that examines the likely effects of a change in the U.S. corporate tax system from the current worldwide approach to a territorial approach similar to those used by other developed countries. ... The report finds that a switch to a territorial tax system would increase the repatriation of foreign earnings by U.S. multinational companies, generate economic growth and jobs in the United States, enhance the international competitiveness of many U.S. companies, and increase corporate tax revenues, at least in the short run.
(Hat Tip: Bruce Bartlett.)