Corporate tax reform taxing profits in the 21st century
Corporate tax reform is in the air. Competitive pressures from globalization, as well as skyrocketing budget deficits, are forcing lawmakers to rethink how America’s largest businesses are taxed. Some want to close “loopholes.” Others want to end all U.S. tax on foreign profits. Some want to lower r...
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| Format: | eBook |
| Language: | Inglés |
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New York :
Apress
2011.
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| Edition: | 1st ed. 2011. |
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| See on Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009628776806719 |
Table of Contents:
- Title Page?; Copyright Page; Table of Contents; About the Author; About the Technical Reviewer; Introduction: Before We Begin; A Little Bit of History; Chapter 1: Let the Debate Begin; The Old Debate; New Challenges; Proposals for Change; President Obama's 2011 State of the Union Address; House Budget Resolution for Fiscal Year 2012 (the "Ryan Plan"); President Bush's 2005 Tax Reform Panel; The 2007 Treasury Study; The 2007 Rangel Tax Reform Plan; The Wyden-Coates Tax Reform Plan; The Bowles-Simpson Deficit Reduction Plan; Illusion of Consensus; Summary
- Chapter 2: Profits and Profit Tax, by the NumbersThe Profit Roller Coaster; Revenue You Can't Count On; Two Sets of Books; A Tax on Big Business; The Bottom Line; Falling Effective Tax Rates; Summary; Chapter 3: The Overwhelming Case Against the Corporate Tax; The Double-Tax Burden; Problem 1: Less Capital Formation; Problem 2: The Corporate Sector Suffers; Problem 3: Too Much Debt; Problem 4: Bias Against Dividends; Summary; Chapter 4: Why the Corporate Tax Won't Go Away; Corporations as Tax Shelters; Integration of the Individual and Corporate Taxes; The (Non-)History of Integration
- The Case Against Any Corporate Tax CutThe Emotional Appeal of the Corporate Tax; Summary; Chapter 5: Cut the Rate!; Chicken Soup for the Code; A Worldwide Trend; Rate Cuts vs. Incentives for New Investment; Critical Accounting Issues; Summary; Chapter 6: Where the Money Is; The Investment Tax Credit; Accelerated Depreciation; Expensing; The Research Credit; The Deduction for Domestic Production Activities; Summary; Chapter 7: Corporate Tax Expenditures; Some Not-So-Terrible Tax Breaks; Last-In, First-Out Inventories; Graduated Corporate Tax Rates
- Low-Income Housing, Tax-Exempt Bonds, and Charitable ContributionsOil Company Tax Breaks; Percentage Depletion; Expensing of Intangible Drilling Cost; Deduction for Domestic Production; Limitation on Tax Credits for Foreign Taxes Paid by Oil Companies; Incentives for Alternative Energy; Credit for Investment in Clean Coal Facilities; Production Credit for Wind Energy; Investment Credit for Solar Energy; Conclusion; Chapter Appendix: The Corporate Tax Expenditure Budget; Chapter 8: How Should Foreign Profits Be Taxed?; Foreign Profits: To Tax or Not to Tax?
- Key Features of U.S. Taxation of Foreign ProfitsShould Foreign Profits Get a Holiday?; Should the United States Adopt a Territorial System?; Should the United States Raise Taxes on Multinationals?; Deferral of U.S. Tax on Unrepatriated Foreign Profits; Deferral of Foreign Finance Profits; Foreign Sourcing of 50 Percent of Profits from Exports; Obama Administration Proposals; Chapter 9: Globalization and the Modern Multinational; Jobs and International Tax Rules; The Price Is Not Right: Profit Shifting; Example #1: Irish Manufacturing; Example #2: Patent Transfer to Bermuda
- Example #3: Luxembourg Lending
