U.S. Business Tax System and Global Competiveness.

Intro -- U.S. BUSINESS TAX SYSTEM ANDGLOBAL COMPETIVENESS -- U.S. BUSINESS TAX SYSTEM AND GLOBAL COMPETIVENESS -- CONTENTS -- PREFACE -- EXECUTIVE SUMMARY -- THE U.S. BUSINESS TAX SYSTEM PRESENTSCHALLENGES TO U.S. COMPETITIVENESS -- A. INTRODUCTION -- B. BUSINESS TAX REFORM AND THE ECONOMY -- Taxation of Saving and Investment -- Taxation of Flow-through Businesses -- Risk of Standing Still -- C. HOW BUSINESS TAXATION IN THE UNITED STATESCOMPARES WITH THAT OF THE UNITED STATES'MAJOR TRADING PARTNERS -- International Comparison of Corporateand Investor-Level Taxes -- Worldwide vs. Territorial Systems -- Consumption Taxes -- D. SUMMARY -- REFERENCES -- REPLACING BUSINESS INCOME TAXESWITH A BUSINESS ACTIVITIES TAX -- A. INTRODUCTION -- B. DESCRIPTION OF A BAT -- Calculation of a BAT -- The BAT Base -- C. ECONOMIC EFFECTS OF A BROAD-BASED BAT -- Economic Gains from Replacing Business Taxeswith a Broad-Based BAT -- Inefficiencies and Distortions Createdby Replacing Business Taxes with a BAT -- Concerns about Growth of a BAT -- D. DISTRIBUTIONAL ISSUES -- E. BORDER TAX ADJUSTMENTSAND INTERNATIONAL TRADE -- F. SIMPLICITY AND ENFORCEABILITY -- G. IMPLICATIONS FOR STATEAND LOCAL GOVERNMENTS -- H. VATS IN OTHER COUNTRIES -- REFERENCES -- BUSINESS TAX REFORM WITH BASEBROADENING/REFORM OF THE U.S.INTERNATIONAL TAX RULES -- A. INTRODUCTION -- B. BROADENING THE BUSINESS TAX BASE AND EITHERLOWERING THE BUSINESS TAX RATE ORPERMITTING FASTER WRITE-OFF OF INVESTMENT -- Lowering the Business Tax Rate on the Non-Corporate Sector -- Transition Issues -- Distributional Effects -- C. TERRITORIAL TAX SYSTEMS -- Worldwide Tax Systems -- Territorial Tax Systems -- Types of Territorial Approaches -- REFERENCES -- ADDRESSING STRUCTURAL PROBLEMSWITH THE U.S. BUSINESS TAX SYSTEM -- A.MULTIPLE TAXATION OF CORPORATE PROFITS -- 1. Corporate Capital Gains.

2. Dividends received deduction -- B. TAX BIAS THAT FAVORS DEBT FINANCING -- C. TAXATION OF INTERNATIONAL INCOME -- 1. Subpart F anti-deferral rules -- 2. Simplifying Foreign Tax Rules for Small Businesses -- 3. Modifying the Taxation of Americans who Liveand Work outside the United States -- D. TAX TREATMENT OF LOSSES -- The Current Tax Treatment of Losses -- How Are Losses Treated in G-7 Countries? -- Approaches for Addressing the DistortionsCaused by Loss Restrictions -- Alternative Approaches to Full Refundability -- E. BOOK-TAX CONFORMITY -- F. ILLUSTRATIVE AREAS TO IMPROVETAX ADMINISTRATION -- 1. Corporate Alternative Minimum Tax -- 2. Simplified Cash Accounting for Small Businesses -- REFERENCES -- INDEX.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.