ITEP Report: Understanding and Fixing the New International Corporate Tax System

This report was originally published by ITEP.

The Tax Cuts and Jobs Act (TCJA) radically changed the international tax system. It slashed taxes on corporate income, both domestic and foreign. It encouraged U.S. multinational corporations to shift jobs, profits, and tangible property abroad, and keep intangibles home. This report describes the new international tax system—and its many gaps—and also provides a road map for how to fix these gaps and surveys recent legislative approaches.

Continue reading: the full report can be found here.

Richard Phillips is a senior policy analyst at ITEP.

This report was originally published by ITEP.