The Corporate Tax Conundrum

The Corporate Tax Conundrum - The Corporate Tax Conundrum...

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The Corporate Tax Conundrum by Peter R. Merrill This is an article a conference held July 26, 2007 about business taxation and global competitiveness. During this time, the Treasury Department released a background paper on the taxation of business income in the United States. The background paper describes the taxation of corporate and noncorporate businesses in the United State and compares the U.S. corporate tax system with that of its major trading partners, and describes the major economic distortions caused by the U.S. rules for taxing income from capital. It also reports that the United States has the second highest combined (federal and state) statutory corporate income tax rate among the 30 member countries of the Organization for Economic Co-operation and Development (OECD). According to the article, the United States has the second highest combined statutory corporate tax rate among OECD countries. The article further mentions that there are a number of reasons to this conundrum. First, the U.S. corporate income tax base may be relatively
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This note was uploaded on 10/22/2011 for the course ACCOUNTING ACC565 taught by Professor Lindachess during the Spring '10 term at Strayer.

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The Corporate Tax Conundrum - The Corporate Tax Conundrum...

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