November 19. 2013

ACT Statement on the Senate Finance Committee Staff’s International Tax Reform Discussion Draft

Washington, D.C. - Today, the Alliance for Competitive Taxation (ACT) released the following statement in response to the release of the Senate Finance Committee staff’s international tax reform discussion draft: "While we are encouraged by Chairman Baucus’ continued commitment to pass comprehensive tax reform, we are concerned that the international reform ideas in the staff draft Read more »

November 19. 2013

End the lockout on foreign earnings

By Douglas Holtz-Eakin The Hill November 19, 2013 What could American companies do with $2 trillion? Invest, expand payrolls and create jobs. The only thing that stands in the way is the U.S. tax code. Currently, American companies have $2 trillion in foreign earnings trapped overseas — with roughly half held as cash and other liquid assets. Instead of locking those funds out of the Read more »

November 14. 2013

New JCT Report Shows Corporate Income Tax Rate’s Effect on Average Americans

The Joint Committee on Taxation (JCT) recently released a report that illustrates how America’s 35% corporate income tax rate – the highest in the developed world – hurts American workers. This report, titled Modeling the Distribution of Taxes on Business Income, supports the long-held findings of economists that corporate taxes are a burden on all Americans. The JCT report announces a Read more »

November 11. 2013

New Study: International Tax Reform Will Create American Jobs and Boost Economic Growth

By ACT Staff A new report highlights the importance of tax reform to the U.S. economy. The report, released by the Berkeley Research Group and titled Implications of a Switch to a Territorial Tax System in the United States: A Critical Comparison to the Current System, details the benefits of adopting a hybrid international system of taxation. The United States is still using an outdated Read more »