At TechElect, we love substantive policy debates, and Alan Beattie’s piece in today’s Financial Times on the presidential candidates’ approaches to corporate tax reform tax reform certainly fits the bill. TechElect has already compared the candidates’ competing tax plans, and we applaud the FT’s deep dive into both presidential candidates’ positions on tax reform.
TechElect finds much to agree on in the article. Beattie is right to point out that Washington has failed to keep up with the changes that America’s global economic competitors have enacted in their tax structures – changes that are specifically designed to boost investment and accelerate job creation in those nations. In our globalized world, the U.S. lags behind other major economies with our highest-in-the-world corporate tax rate. But little progress has been made to fix it, or to adopt a competitive territorial system that would match countries like the U.K., Canada, and Japan that all have made the switch successfully.
Read the article here and let us know what side of the debate you come down on.
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 [...]