In the last two decades, there have been sweeping reforms of the corporate income tax in many countries around the world, with many countries lowering corporate income tax rates and broadening the corporate tax base, writes public finance fellow John Diamond. The United States, however, has not significantly reformed its corporate income tax since the Tax Reform Act of 1986. As a result, given the widespread reductions abroad, the U.S. has the highest corporate income tax rate of all developed countries. Congress and President Obama need to tackle corporate tax reform when the next Congress convenes in January. But what form should corporate income tax reform take?
Read Diamond's full commentary, "The labyrinth of corporate tax reform," in the Oct. 30, 2014, edition of The Hill.
Keep an eye on our website for links to further Baker Institute commentaries in The Hill, one of the most widely read political news sources in Washington, D.C.