Proposals for International Tax Reform: Is There a Middle Road?

Abstract

This paper aims to suggest two proposals for solving the current problems of the U.S. international tax regime that can be implemented on a bipartisan basis. To do so, the first section below will provide some context. The next section will survey recent reform proposals by both U.S. Representative Dave Camp (R-MI) and President Barack Obama. Lastly, the paper will discuss plausible avenues for reform after the presidential election, beginning with short-term proposals (preferably, abolishing deferral at a lower rate), and continuing with medium-term ones (adopting a destination based corporate tax).

Keywords: Tax Reform

JEL Classification: H26