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Neel Kashkari on Corporations

 

 


Corporate rate complexity encourages investment abroad

Reforming the corporate tax code: Several Republicans and Democrats have identified corporate tax reform as a near-term priority that could help jump-start our economy. Some work is already underway in Washington. The United States has one of the highest statutory corporate rates in the world, although the rates that businesses ultimately pay are much lower because some companies, especially large ones, are able to exploit loopholes and deductions. This complexity encourages investment abroad while unfairly benefitting some companies over others, leading to the misallocation of capital. An agreement that reduces statutory corporate tax rates in exchange for eliminating deductions and simplifying the code should be possible.
Source: Kashkari Washington Post OpEd: 2014 California governor race , Jun 1, 2012

Other governors on Corporations: Neel Kashkari on other issues:
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