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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
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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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