21. Right Idea, Wrong Direction: Obama's Corporate Tax Reform Proposals
- Author:
- Gary Clyde Hufbauer and Martin Vieiro
- Publication Date:
- 05-2012
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- The need for US corporate tax reform is blindingly obvious. Conservatives contend that the top corporate tax rate— whether measured in statutory or effective terms—is the second highest in the Organization for Economic Cooperation and Development (OECD). Liberals argue that the US corporate tax system is riddled with complex “loopholes,” enabling many firms—whether incorporated or not—to pay less than their fair share.
- Topic:
- Economics, International Trade and Finance, Monetary Policy, and Governance
- Political Geography:
- United States