Submission to Senate Finance Committee - Why a Residence-Based System Is Far Better for Our Country than a Territorial System that Provides a Continuing Preference to Foreign Income
7 Pages Posted: 16 Oct 2017
Date Written: October 13, 2017
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, Corporate Tax Reform, Tax Reform
JEL Classification: H21, H25, K34, E62
Suggested Citation: Suggested Citation
Kadet, Jeffery M., Submission to Senate Finance Committee - Why a Residence-Based System Is Far Better for Our Country than a Territorial System that Provides a Continuing Preference to Foreign Income (October 13, 2017). Available at SSRN: https://ssrn.com/abstract=3053367 or http://dx.doi.org/10.2139/ssrn.3053367
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.