The Unintended Consequences of the U.S. Corporate Income Tax

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Date(s) - 09/06/2016
3:00 pm - 4:00 pm

Senate Dirksen G-11

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The Unintended Consequences of the U.S. Corporate Income Tax
The U.S. not only has the highest corporate income tax rate in the OECD but it is also one of the few that still taxes international income on a worldwide basis, albeit with the option for companies to defer the U.S. tax obligation on foreign-sources income until the profits are returned to the U.S.
Recent Treasury rules designed to limit the ability of multinationals to work around the worldwide+deferral system have made a byzantine tax code even more complicated, and may end up not accomplishing what was the intent of the regulations. A panel of tax experts looks not only at the recent regulations but also more broadly at the problems of the U.S. corporate income tax, especially in the context of the rules covering the taxation of overseas profits, and asks whether there is a way to improve upon the current system in a way that could satisfy nearly everyone.
Please join us for a discussion about the economic, market, and political implications of this debate.
Where: SD-G11 Senate Dirksen Office Building
When: Thursday, June 9th 3:00pm-4:00pm
Jim Glassman: American Enterprise Institute visiting Fellow
Ike Brannon: President of Capital Policy Analytics and a visiting fellow at the Cato Institute.
Michelle Hanlon: The Howard W. Johnson Professor and a Professor of Accounting at the MIT Sloan School of Management

Aparna Mathur: American Enterprise Institute resident scholar in economic policy studies.