Many people are beginning to wrap their minds around the House Republicans’ proposed destination-based cash-flow tax and what it means for tax reform. Most people are still looking into the tax’s impacts on trade and how...
- The Tax Policy Blog
- "Tax Breaks for Shipping Jobs Overseas"
"Tax Breaks for Shipping Jobs Overseas"
During last night's presidential debate, President Obama once again referred to "tax breaks for shipping jobs overseas." Mitt Romney then remarked that he wasn't sure what the President was referring to, joking that he ought to get a new accountant. We're not positive what Obama was specifically referring to either, however, he was likely talking about the commonly misunderstood issue of tax deferral:
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The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.