Corporate tax reform is a hot topic in today’s US political environment. Professor Dhammika Dharmapala looks at how America’s corporate tax structure has led to multiple anomalies, such as the practice of firms keeping earnings offshore and relocating their headquarters abroad for tax reasons. Dharmapala’s analysis looks purely at the economic aspects of corporate taxes, omitting the more controversial political facets, but it provides a useful framework for reform. getAbstract believes policy makers and business executives would benefit from this informative report.
In this summary, you will learn
- How the current US corporate tax system results in various inefficiencies,
- What behaviors companies engage in to avoid taxes and
- Which tax reforms could address some of these inefficiencies.
About the Author
Dhammika Dharmapala is a law professor at the University of Chicago.