The U.S. Tax System's Curious Embrace of Manufacturing Job Losses

Abstract

In this article, the authors explain how the subpart F regime and the global intangible low-taxed income regime together contribute to a long-running decline in domestic manufacturing employment, and they argue that the best approach to fixing the problem is worldwide taxation without deferral, not pillar 2.

Note: Reprinted from Tax Notes Federal, October 7, 2024, p. 35

Keywords: International Taxation, Income Taxation