Download Government Finance Brief No. 27
Government Finance Brief No. 27
Executive Summary There is broad agreement that world trade and investment contribute significantly to the economic wellbeing of this country. Economic interdependence bas become a reality. At the same time there is a diversity of opinion as to the appropriate U.S. policy with respect to taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. ation of foreign source income.
In the past 15 years or so U .S. tax policies have increased the burden on income earned abroad—both corporate and individual—on a unilateral basis. In recent years these policies have been under almost continuous public discussion and debate by Congress, labor, and the business community.
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