Reform of US International Taxation: Alternatives
striking feature of the modern US economy is its increased
integration with the rest of the world. The attention of tax
policymakers has recently been focused on the growing participation
of US firms in the international economy and the increased pressure
that engagement places on the US system for taxing overseas business.
Is the current US tax system for taxing US international business the
appropriate one for the modern era of globalized business operations,
or should its basic structure be reformed?