Biden's reforms to the tax treatment of US multinational corporations: The knowns and unknowns

Kyle Pomerleau
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Kyle Pomerleau: American Enterprise Institute

AEI Economic Perspectives, 2021

Abstract: The Joe Biden administration has proposed significant changes to the tax treatment of US multinational corporations aimed at raising revenue and curbing profit shifting and base erosion. The proposals would move the US corporate income tax closer to a "worldwide" or residence-based tax and introduce new anti–base erosion protections. This report provides an overview of the tax treatment of multinational corporations under current law, the Biden administration's proposals, and some implications of the administration's approach.

Keywords: AEI Economic Perspectives; Biden Administration; Corporate Taxes; Tax Reform (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2021
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