8 years ago
The Progressive Tax Reform You’ve Never Heard Of
Put simply, if Congress were to adopt a territorial system to tax only U.S.-originated revenue without addressing profit shifting, corporations would continue to artificially book income in tax havens. Tax revenue would continue to plummet. There is a remedy that fixes profit shifting, adopts a territorial tax, and solidifies tax revenue, by adapting a variation of the corporate tax system already used at the state level.
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