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

See all articles by Jeffery M. Kadet

Jeffery M. Kadet

University of Washington - School of Law

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

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

Jeffery M. Kadet (Contact Author)

University of Washington - School of Law ( email )

William H. Gates Hall
Box 353020
Seattle, WA 98105-3020
United States

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