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Research report

A Proposal to Reform the Taxation of Corporate Income

  • Alan Viard
Eric Toder, Alan Viard
June 17, 2016
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Abstract

This report updates and revises the authors’ 2014 proposal to replace the corporate income tax with taxation at ordinary income rates of dividends and net accrued capital gains of American shareholders. The new proposal retains a 15 percent corporate income tax, gives taxable shareholders a credit for corporate taxes paid, imposes a 15 percent tax on interest income of non-profits and retirement plans, and addresses stock price volatility and shifts between private and publicly-traded status. The reform encourages domestic investment and sharply reduces incentives for corporate inversions. It is approximately revenue neutral and makes the tax system more progressive.

Research Area

Business Taxes Corporate income tax International taxation
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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
Brief

Understanding the Maze of Recent Child and Work Incentive Proposals

Elaine Maag, Nikhita Airi
June 1, 2020
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  • © Urban Institute, Brookings Institution, and individual authors, 2020.