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KISS the Tax Blueprint Goodbye: Meet the 25-25-25 Plan

Posted: 15 Aug 2017 Last revised: 16 Sep 2017

Chris William Sanchirico

University of Pennsylvania Law School; University of Pennsylvania Wharton School - Business Economics and Public Policy Department

Date Written: August 15, 2017

Abstract

Seeking definitive legislative success after the stall-out on healthcare, Congressional Republicans may want to keep it simple on tax reform. This paper examines the merits and demerits of a particular minimalist tax plan: lower the corporate tax rate to 25%; tax legacy foreign earnings at 25%; move to a “territorial” tax system for foreign earnings with a minimum tax patch at 25%. The paper uses analysis of this specific plan as a vehicle for clarifying some general considerations surrounding business tax reform.

Keywords: Tax Reform, Corporate Tax, Territorial, Repatriation, Competitiveness

JEL Classification: K34, H25

Suggested Citation

Sanchirico, Chris William, KISS the Tax Blueprint Goodbye: Meet the 25-25-25 Plan (August 15, 2017). Tax Notes, October 2, 2017. pp 15-25; U of Penn, Inst for Law & Econ Research Paper No. 17-35. Available at SSRN: https://ssrn.com/abstract=3019292

Chris William Sanchirico (Contact Author)

University of Pennsylvania Law School ( email )

3501 Sansom Street
Philadelphia, PA 19104
United States
215-898-4220 (Phone)

HOME PAGE: http://www.law.upenn.edu/faculty/csanchir/

University of Pennsylvania Wharton School - Business Economics and Public Policy Department

3641 Locust Walk
Philadelphia, PA 19104-6372
United States

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