Tomorrow, Apple CEO Tim Cook will put forward the tenets of a reform plan that could fix the broken, antiquated U.S. tax code. His testimony before a Senate panel will focus on shaping a competitive, market-based tax code that has a lower rate and enhances American innovation. We need to responsibly modernize our tax structure, to help American companies create jobs and new opportunities here at home. We live in a worldwide marketplace; it’s time America had a world-class tax system that helps to spark new jobs and new industries across the country
In case you missed it on Friday night, Dean Garfield was on CNBC and pressed for these changes. He noted that when the tax code was last changed, “Ferris Bueller’s Day Off” was the number one movie at the box office. Shifting to a competitive, market-based tax system would bring more money to the U.S., creating jobs and boosting the economy. Everyone on the program agreed, and the time for Congress to act is now. Our economy cannot wait.
Research and development are the lifeblood of the United States’ innovation economy. The breakthroughs borne out of American ingenuity fuel the U.S. economy and drive new global products and industries. [...]
Sound tax policy helps to drive economic growth, research and development (R&D), and innovation. These factors are essential to ensuring the global competitiveness of companies doing business in the United [...]
The Organisation for Economic Co-operation and Development (OECD) announced in March that Mathias Cormann will serve as the institution’s next Secretary General. Cormann’s June 1 start date means the first [...]
The Organisation for Economic Co-operation and Development (OECD) announced in October 2020 a revised goal of mid-2021 for reaching political agreement in negotiations to address tax challenges arising [...]
As we continue to look for ways to address the immediate impacts of the COVID-19 pandemic and reinvigorate the economy, tax policy provides a powerful tool. These measures afford policymakers with the [...]
As lawmakers have considered changes to the tax code over the years, a few common principles have underpinned those efforts. First, they have wanted to create incentives to locate jobs in the United States. [...]
This week action occurred in France that received little notice. On Monday, the Assemblée Nationale passed digital services tax legislation that would apply a three percent tax on revenues derived from [...]
The 116th Congress marks another moment of profound political change and an important opportunity to advance policies that meet the needs of Americans and American-based businesses in the 21st century. [...]
Across the globe, governments are realizing that outdated approaches -- from trade agreements to privacy guidelines – no longer address the needs of the modern economy. In response, many are quickly moving [...]
The start of the 115th Congress and new administration not only marked an era of profound political change, but it also presented a unique and timely opportunity to modernize outdated policies. Lawmakers [...]