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1 Alan Cole, Fixing the Corporate Income Tax 1 (2016)

handle is hein.taxfoundation/fxcorint0001 and id is 1 raw text is: TAXO FOUNDATION FISCAL Fixing the Corporate Income Tax FACT Feb. 2016 By Alan Cole No. 499 Economist Key Findings The U.S. corporate income tax has a number of problems that could be addressed through a series of reforms. Corporate income taxes reduce economic growth under most simple economic models. The drag on growth from corporate income taxes could be mitigated by moving to the full expensing of capital investment. A high corporate income tax rate encourages firms to shift profits to lower- tax jurisdictions. The U.S. can reduce profit shifting by setting its corporate income tax rate more in line with those of its trading partners. The worldwide system of taxation encourages corporate inversions, a problem that could be solved by moving to a territorial system comparable with those used in the rest of the developed world. The Tax Foundation is a 501(c)(3) non-partisan, non-profit research institution founded in 1937 to educate the public on tax policy. Based in Washington, DC, our economic and policy analysis is guided by the principles of sound tax policy: simplicity, neutrality, transparency, and stability. @2016 Tax Foundation Distributed under Creative Commons CC-BY NC 4.0 Editor, Melodie Bowler Designer, Dan Carvajal Tax Foundation 1325 G Street, NW, Suite 950 Washington, DC 20005 202.464.6200 taxfoundation.org

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