Reforming the U.S. Corporate Tax: A Long Overdue Debate

The New York Times Thursday, February 23, 2012: EDITORIALS/LETTERS

Reform and Corporate Taxes:  The Obama framework is a start to a long overdue debate

This well reasoned editorial essay for reform begins with “the (U.S.) corporate tax system is a mess.”  It ends with…”Serious reform requires specific proposals, tough trade-offs and hard numbers attached.  Without all of those, this effort could too easily be hijacked by powerful corporations and their high-paid advisors.”  In other words, corporations and their managers could game the process and “unless it is vigilantly managed could actually reduce revenue and add to the deficit.” 

By gaming the process, corporate tax rules could be bent, manipulated for a particular corporation’s benefit, possibly abusing the system set in place.

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