Corporate Tax Reform: Issues for Congress Metadata

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Title

  • Main Title Corporate Tax Reform: Issues for Congress

Creator

  • Author: Gravelle, Jane G.
    Creator Type: Personal
    Creator Info: Senior Specialist in Economic Policy

Publisher

  • Name: Library of Congress. Congressional Research Service.
    Place of Publication: Washington D.C.

Date

  • Creation: 2017-09-22

Language

  • English

Description

  • Content Description: This report provides an overview of corporate tax issues and discusses potential reforms in the context of these issues, with particular attention to some of the research concerning large behavioral responses and their implications for revenue and distribution. The first section reviews the size and history of the corporate income tax, and discusses an important issue that has been given little attention by those who propose deep cuts in the corporate tax: its role in preventing the use of the corporate form as a tax shelter by wealthy business owners. This section also discusses the potential effect of behavioral responses on corporate tax revenues. The second section examines the role of the corporate tax in contributing to a progressive tax system and discusses claims that the burden falls on workers. The third section reviews arguments relating to efficiency and revenue yield, and traditional criticisms of the corporate tax as one that causes important behavioral distortions. One aspect of this discussion is the question of how the tax might be viewed differently in a more global economy. The final section examines options for reform.
  • Physical Description: 63 p.

Subject

  • Legislative Indexing Vocabulary: Taxation
  • Legislative Indexing Vocabulary: Tax reform
  • Legislative Indexing Vocabulary: Corporation taxes

Coverage

  • Place Name: United States

Collection

  • Name: Congressional Research Service Reports
    Code: CRSR

Institution

  • Name: UNT Libraries Government Documents Department
    Code: UNTGD

Resource Type

  • Report

Format

  • Text

Identifier

  • CRS Report Number: RL34229
  • Accession or Local Control No: RL34229_2017Sep22
  • Archival Resource Key: ark:/67531/metadc1042186
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