Examining the Tax Code: Corporate and International Taxes

In the third session, we will explore how corporations pay taxes through the corporate income and international tax code, the impacts of the current system, and changes that some policymakers have suggested.

The 2017 tax law reduced the corporate income tax rate, changed the corporate tax base, and reformed the way foreign profits of U.S. multinationals are taxed. Many major business-related provisions of the 2017 tax law are scheduled to change in the coming years, and the Biden administration has proposed increasing the corporate income tax rate, changing international taxes, and instituting a corporate alternative minimum tax.

This session will provide an overview of the corporate and international tax landscape and discuss the implications of scheduled and potential changes.

Areas of Focus

1. The Corporate Income Tax
2. International Tax Policy
3. Implications of Corporate and International Tax Policy

Session Resources

• Evaluating Proposals to Increase the Corporate Tax Rate and Levy a Minimum Tax on Corporate Book Income
• U.S. Cross-border Tax Reform and the Cautionary Tale of GILTI
• Double Taxation of Corporate Income in the United States and the OECD