Corporate Tax Reform: Taxing Profits in the 21st Century

Let the Debate BeginNew Pressures for Corporate Tax Reform

Every year, the federal government looks into America’s trillion-dollar pot of corporate profits and ladles out a few hundred billion for itself. The basic idea is simple. Government needs money. Corporations have lots of it. For most citizens that feels right. It is an approach to fundraising that has a lot of visceral appeal. The government’s tool for this task is the federal tax on corporate profits.

This book is different from most books about corporate tax because it will not ignore ordinary people’s perceptions of the tax. This is a democracy and the tax has a strong populist streak. ...