Last week, two former Administration officials weighed in on the need to update our tax code so it discourages businesses from relocating overseas for tax purposes. Both Austan Goolsbee, the former Chairman of the Council of Economic Advisers under President Obama, and David Walker, the former U.S. Comptroller General under Presidents Clinton and Bush, addressed this issue and discussed ways to Read more »
Economists, politicians and citizens everywhere agree that the U.S. tax code is overly complex. For many Americans, this fact remains a distant abstraction for most of the year. Unfortunately, the unpleasant, cumbersome reality is unavoidable on at least one day every year: Tax Day. American businesses deal with this mess every day. Our tax code causes problems due to frequent revisions and Read more »
As leaders in Washington discuss the merits of corporate tax reform proposals to help boost American business, the impact of our current tax code on American workers rarely takes center stage in the tax reform debate. However, leading economists and tax reform experts from both sides of the aisle have weighed in on this issue, and their analysis is clear: America's complex and outdated tax code Read more »
ACT Company Spotlight: Tax Reform Would Help Companies to Better Compete in Global Markets, Fostering Growth in the U.S.
Companies headquartered here in the U.S. are subject to a tax code that makes it harder for them to compete in markets overseas and grow here in the U.S. With the highest corporate tax rate in the developed world and an anti-competitive “worldwide” system of international taxation, American businesses and their workers are hampered by our outdated system. Check out a new video that Read more »
WASHINGTON – This week, the Alliance for Competitive Taxation will deploy a week-long campaign to highlight the need to reform our nation's outdated tax code around Tax Day. The effort is aimed at bringing attention to the complexities and inefficiencies that plague our tax code and that stand in the way of economic growth for American businesses and workers. "As millions of Americans across Read more »