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1 Robert Carroll, The Importance of Tax Deferral and a Lower Corporate Tax Rate 1 (2010)

handle is hein.taxfoundation/srbhexz0001 and id is 1 raw text is: february 2010 , ,,I ¢o. 1;74 Y Itouto multinational corporations to defer tax liabilit obert Carroll nior Fellow The Congress and Administration decided to onatvfregerigsuilhseanns ax Foundation postpone action on major changes in inter- are repatriated to the United States. Both the national tax rules until this year. While the Obama Administration and Chairman Rangel preoccupation with health care reform was have proposed to limit deferral of U.S. tax on undoubtedly a major factor, the concern that active foreign earnings. the Adm inistration's proposals m ight under- T ep e i eu d ry n h sp lc h f mine the competitiveness of U.S. companies is that taxing U.S. multinational corporations operating abroad was also reported to be a on their worldwide income would remove any major consideration. incentive for firms to keep foreign earnings The main tax provision targeted for repeal abroad. That is, it would remove any bias by critics in the Administration and the Con- that favors foreign production over domestic gress is what's called deferral, the ability of U.S. production.

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