Submission to House Ways & Means Committee in Connection with February 24, 2016, Hearings on Intl. Corp Tax Reform -- Residence Based Tax System
7 Pages Posted: 8 Mar 2016
Date Written: February 23, 2016
Abstract
This concise submission shows that from many tax policy standpoints a residence-based tax system would be significantly better than a territorial-based tax system. Policy issues mentioned include:
-- competitiveness,
-- broadening of the tax base so the rate can be lowered,
-- domestic job loss
-- neutrality of physical location and legal ownership of assets,
-- simplification, and
-- trapped cash problem.
Keywords: International Tax Reform, Full-Inclusion System, Residence-Based System, Worldwide Tax Consolidation, Territorial System
JEL Classification: H21, H25, K34, E62
Suggested Citation: Suggested Citation
Kadet, Jeffery M., Submission to House Ways & Means Committee in Connection with February 24, 2016, Hearings on Intl. Corp Tax Reform -- Residence Based Tax System (February 23, 2016). Available at SSRN: https://ssrn.com/abstract=2738428 or http://dx.doi.org/10.2139/ssrn.2738428
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