Abstract

http://ssrn.com/abstract=2329687
 


 



US Corporate Tax Reform: Why is a Worldwide Tax System Absent from the Debate?


Roy Clemons


Florida Atlantic University - School of Accounting

Michael Kinney


Texas A&M University - Department of Accounting

September 16, 2013

Tax Notes International, Vol. 71, No. 12, 2013

Abstract:     
Reform of the U.S. international tax policy is under consideration in Congress. Policymakers are concerned with both reducing tax disincentives to repatriate earnings to the U.S. and with constraining business tactics to move U.S. income offshore. We argue that to achieve significant tax reform, policymakers should generate reform alternatives based on ideas that are shared across partisan and ideological divides. The common ground among political perspectives includes broadening the tax base and lowering tax rates, simplifying the tax code, and assuring U.S. corporations pay their fair share while remaining competitive in the global economy. Most proposals are centered on changing the current tax system into a territorial system rather than preserving some form of worldwide system. Informed by recent research, we present arguments favoring a burden-neutral worldwide tax system as the basis for U.S. international income tax reform.

Number of Pages in PDF File: 7

Keywords: international, worldwide, territorial, tax reform, tax policy, corporate

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Date posted: September 24, 2013 ; Last revised: September 27, 2013

Suggested Citation

Clemons, Roy and Kinney, Michael, US Corporate Tax Reform: Why is a Worldwide Tax System Absent from the Debate? (September 16, 2013). Tax Notes International, Vol. 71, No. 12, 2013. Available at SSRN: http://ssrn.com/abstract=2329687

Contact Information

Roy Clemons (Contact Author)
Florida Atlantic University - School of Accounting ( email )
777 Glades Road
Boca Raton, FL 33431-0991
United States
561-297-7023 (Fax)
Michael R. Kinney
Texas A&M University (TAMU) - Department of Accounting ( email )
430 Wehner
College Station, TX 77843-4353
United States
979-862-2078 (Phone)
979-845-0028 (Fax)
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