Capitol Hill Briefing: Global Trends in Tax Reform
The Tax Foundation hosted an exclusive briefing for congressional tax and trade staff on June 5, 2006 entitled, “Global Trends in Tax Reform: Are There Lessons for the U.S.?”
Tax reform may be on the backburner in America, but it is at the top of the agenda in countries as diverse as Australia and Slovakia to India and China. According to a recent OECD report, “These tax reforms have been driven by the need to provide a more competitive fiscal environment: one which encourages investment, risk-taking, entrepreneurship and provides increased work incentives. At the same time, governments are aware of the need to maintain taxpayers’ faith in the integrity of their tax systems. Fairness and simplicity have become the byword of reformers.” These reforms are not happening in a vacuum; they directly impact U.S. competitiveness in the global economy.
This event featured Jeffrey Owens, Director of the OECD’s Center for Tax Policy and Administration. Materials from the event are available for download below.