TaxVox: Corporate income tax

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The voices of Tax Policy Center's researchers and staff

Business Taxes

Three Things You Should Know about the Buyback Furor

April 12, 2018 –
Record stock buybacks—driven in part by the corporate tax changes in the Tax Cuts and Jobs Act (TCJA)—have sparked a media and political furor. Unfortunately,...
State and Local Issues

A Little-Publicized Incentive In The New Tax Law Could Become America’s Largest Economic Development Program

March 27, 2018 –
The Tax Cuts and Jobs Act included a new federal incentive—Opportunity Zones—to spur investment in poor and undercapitalized communities. These incentives could become the nation’s...

Conformity and Child Tax Credits: How Idaho’s $100 Million Tax Cut Could Raise Taxes on Large Families

March 21, 2018 –
Idaho Gov. Butch Otter signed a $100 million tax cut last Monday. The bill would reduce Idaho’s individual and corporate income tax rates and lower...

Foreigners Would Win Big from A Corporate Tax Cut

October 23, 2017 –
The Trump Administration and congressional Republican leaders (the Big Six) have proposed a $70 billion-a-year tax cut for foreign investors. It stems from the cut...
Business Taxes

How Should Tax Reform Treat Employee Stock and Options?

October 4, 2017 –
The tax treatment of employee stock and options used as a compensation mechanism raises a classic Goldilocks problem. We want the tax burden on this...

Eight Thoughts on Business Tax Reform

September 19, 2017 –
Today I had the chance to testify before the Senate Finance Committee on business tax reform. Here are my opening remarks. You can find my...
Business Taxes

Would Workers Benefit From A Corporate Tax Cut? Not Much

September 8, 2017 –
President Trump and congressional Republicans are pressing ahead on a tax bill that will almost certainly include a major corporate tax cut. And they are...
Microsoft shareholders
Business Taxes

Can we make small stockholders feel great again?

February 1, 2017 –
Corporate tax reform is on the national agenda, with the House GOP hoping for a “border-adjusted" tax and President Trump threatening a "big border tax." The President wants US companies to stay put, and he vows to remember the “forgotten people,” or working class Americans. Some of those Americans are corporate shareholders. Are there ways to reform the US corporate tax system that benefit them? Maybe. We just need to remember who pays corporate taxes and how.
Business Taxes

Trump May Sink House GOP’s Business Tax Reform

January 17, 2017 –
RIP DBCFT It was probably too good an idea to survive the Washington policy meat grinder, but President-elect Donald Trump may have killed the House...
Business Taxes

Understanding the Republicans’ corporate tax reform proposals

January 10, 2017 –
Republicans in the House are proposing sweeping corporate tax reform . Their proposals would effectively repeal the corporate income tax, currently levied at a 35 percent rate, and replace it with a new “destination-based cash-flow tax (DBCFT)” at a 20 percent rate for corporations and 25 percent for unincorporated businesses. The new tax would be border-adjustable – taxing imports and exempting exports.