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Brief

Corporate Tax is Broken and Needs Major Surgery

  • Alan Viard
Eric Toder, Alan Viard
August 6, 2014
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Abstract

In a contribution to the Wall Street Journals MarketWatch Inc., Eric Toder and Alan Viard argue that recent highly publicized tax avoidance transactions by U.S. corporations reflect basic flaws in how we tax the income of multinational corporations, and that proposed reforms that maintain current definitions of corporate residence and source wont fix the underlying problems. They propose two fundamental structural reforms seeking international agreement on rules for allocating the income of multinational corporations among countries, or scrapping the U.S. corporate income tax entirely and replacing it with taxation at ordinary income rates of dividends and accrued gains of U.S. resident shareholders.

Research Area

Business Taxes Corporate income tax International taxation Federal Budget and Economy Economic effects of tax policy
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Meet the Experts

  • Eric Toder
    Institute Fellow and Codirector, Tax Policy Center
  • Alan Viard
    Alan Viard
    Resident Scholar, American Enterprise Institute
Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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