Evaluating the Case for 1986-Style Corporate Tax Reform
145 Tax Notes 1267-1278, 2014
12 Pages Posted: 18 Dec 2014
Date Written: December 15, 2014
This short paper, which appeared in Tax Notes after being presented at the Boston College Tax Analysts Conference on Reforming Entity Taxation on October 10, 2014, explores the relationship between taxing corporate income at the entity level and the difficulty in evaluating whether a corporate rate cut (accompanied by base-broadening) would be desirable without significant accompanying structural changes. It concludes that the case for such "1986-style corporate tax reform" is far more ambiguous, and the likely net policy gain (if any) far smaller, than is sometimes assumed by policymakers.
Keywords: corporate tax reform, corporate income taxation
JEL Classification: H20, H25
Suggested Citation: Suggested Citation