The Resource The corporate income tax and the competitiveness of U.S. industries

The corporate income tax and the competitiveness of U.S. industries

Label
The corporate income tax and the competitiveness of U.S. industries
Title
The corporate income tax and the competitiveness of U.S. industries
Creator
Subject
Language
eng
Summary
Hit hard by the financial crisis and recession, U.S. auto producers are seeking a massive bailout from the U.S. Congress. Many reasons are given for the U.S. auto industry's lack of competitiveness including the U.S. corporate income tax. Although it is regularly asserted that there is a direct connection between the corporate income tax and competitiveness, what that connection is has not been carefully spelled out. In this essay, the author describes how the corporate income tax directly harms the competitiveness of U.S. industries. He shows that the mechanism differs depending upon whether the U.S. industry is defined as the global production of U.S.-based corporations or as all productive activities undertaken in the United States regardless of where the corporations undertaking those activities are based. He also examines the impact on competitiveness of various possible replacements for the corporate income tax, including a value added tax (VAT), formulary apportionment, a cost of capital allowance (COCA), and preset "in lieu of tax" payments
Citation source
In: Tax law review. - New York. - Vol. 63 (2010),
http://library.link/vocab/creatorName
Knoll, M.S
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • corporate income tax
  • foreign investment
  • international tax law
  • tax competition
  • economic crisis
  • VAT
Label
The corporate income tax and the competitiveness of U.S. industries
Instantiates
Publication
Label
The corporate income tax and the competitiveness of U.S. industries
Publication

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