Tax Reform IV: Corporate Tax Reform

The United States has one of the highest corporate income tax rates in the world. While both the Obama administration and Trump administration have criticized American companies for moving operations off-shore, and considered a variety of policies for punishing them if they do. A better approach would be to design policies that make it attractive for all corporations to locate their operations in the United States.
One way to do that would be to lower the corporate tax rate. While the current 35% rate is high, many corporations pay minimal income taxes because the overly-complex tax code has so many loopholes.

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