What Are the Implications And/or Consequences of Business Tax Reform in the United States?
Autor: Tania Biswas • January 19, 2017 • Research Paper • 10,774 Words (44 Pages) • 872 Views
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What are the implications and/or consequences of business tax reform in the United States?
by
Tania Biswas
ACCT 5420
Research Paper
Fall 2016
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Implications and/or consequences of business tax reform in United States
The business tax system has been a focus of many debates on tax reforms within the United
States economy. Many economists and policy makers debates that the U.S. business tax system
needs an exhaustive tax reform, although there is a considerable amount of disagreements over
why the corporate tax system needs to be reformed and what kind of specific measures should be
undertaken.
The current U.S. corporate income tax system taxes corporate income at a rate of 35%,
applied uniformly to income earned domestically and abroad, although taxes on certain income
earned abroad can be deferred indefinitely if that income is not carried back to US. (Keightley, M.
P., & Stupak, J. M. (2014)
...