Time to Reform the Corporate Tax System?
May 9, 2006
The purpose of this hearing is to understand how tax-preference items within the corporate tax code reallocate the tax burden and whether these shifts are beneficial or detrimental to the U.S. economy. Of specific interest is to understand how the current system affects a company’s decision of where and how to invest in technology, equipment and people.
Over the years, we’ve done an enormous amount of research on the corporate income tax—see our “Corporate Income Taxes” section for a sampling of papers we’ve made available online.
Over the last few days we’ve released four new “Fiscal Facts” in conjunction with the House Ways and Means hearings:
Fiscal Fact No. 55: U.S. Lagging Behind OECD Corporate Tax Trends
Fiscal Fact No. 56: Growing Amount of Business Income Taxed by the Individual Income Tax Code
Fiscal Fact No. 57: Surge in Corporate Income Tax Collections Offers Opportunity for Tax Reform
Fiscal Fact No. 58: Options for Reforming the U.S. Corporate Income Tax