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US Multinational Tax Reform Options: Taxation of US Multinationals

US Multinational Tax Reform Options: Taxation of US Multinationals
taxfoundation.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taxfoundation.org Daily Mail and Mail on Sunday newspapers.

United States , Hong Kong , British Virgin Islands , Cayman Islands , Daniel Bunn , Ron Wydend Oregon , Ron Wyden , Sherrod Brownd Ohio , Stevet Dennis , Mihira Desai , Kari Jahnsen , Johnr Graham , Mark Warnerd Virginia , Tim Dowd , Jamesr Hines Jr , Kyle Pomerleau , Alexander Arnon , Terry Shevlin , Rachel Griffith , Sherrod Brown , Xiaoyue Sun , C Fritz Foley , Michelle Hanlon , Erik Wasson , Cody Kallen , Michael Overesch ,

Collect Unpaid Taxes Rather Than Raise Corporate Rate


IRS Commissioner Chuck Rettig’s recent comments before my former colleagues on the Senate Finance Committee represents the larger problem with any proposal to raise the federal corporate income tax rate. As Commissioner Rettig noted last month, “The amount of taxes going uncollected by the federal government could be as much as $1 trillion or more per year,” an estimate “far beyond the official $441 billion difference between taxes paid and taxes owed annually.” Any increase to our country’s globally competitive corporate tax rate would be the wrong solution to the wrong problem. Worse still, raising the corporate rate wouldn’t just grow the foregoing tax gap – it would also grow the competitiveness gap between the United States and the countries with which we vie for investment and jobs. ....

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The Daily 202: Polls find Biden broadly popular, but highlight deep doubts about democracy

The Daily 202: Polls find Biden broadly popular, but highlight deep doubts about democracy
washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.

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