US Tax Reform: Worth Waiting 30 Years For? (Presentation Slides)

Abstract

These slides were prepared for lecture I presented in Stockholm on May 30, 2018, for IFA YIN meeting. The presentation considers the enactment of Pub.L. 115-97, informally known as the Tax Cuts & Jobs Act (TCJA), within the context of U.S. and global tax developments over the past 30 years. It highlights why, in important respects, the TCJA may be considered a repudiation of the fundamental principles on which the US international tax system was built in the early 20th century. Unfortunately, I fail to come up with an answer to the question posed: was the TCJA worth waiting 30 years for?