Newsletter
The Burden of Taxation in the United States and Germany
Wright, Mark L. J.; Tokman, Anthony E.; Jarass, Lorenz J. (2017)
After 35 years without significant changes to the federal tax code in the United States, tax reform is back on the legislative agenda. Both the congressional Republican delegation (the House GOP) and the Trump administration (the administration) have released draft proposals for tax reform. And both focus heavily on reform of corporate income taxation. The reason for this is quite simple: Increased globalization has made it easier for multinational enterprises to shift their reported profits around the world in order to pay less in taxes. This has led to concerns about the erosion of the U.S. ...
Chicago Fed Letter