Tuesday, April 8, 2014
Eric Toder (Tax Policy Center) & Alan D. Viard (American Enterprise Institute), Major Surgery Needed: A Call for Structural Reform of the U.S. Corporate Income Tax:
Corporate tax system flaws are amplified by the high US statutory tax rate. Here are two ways to fix it:
- Eliminate corporate income tax, but tax US shareholders at ordinary income tax rates on their dividends and accrued capital gains.
- Seek international agreement on allocating income of multinational corporations among countries to determine tax obligation.