IEG Policy is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

More Senate Finance Panel Tax Reform Proposals Coming Today, Thursday

Senate Finance Chairman Max Baucus (D-Mont.) on Tuesday released proposals on international taxation that would simplify the code and lead to lower tax rates, but also impose a minimum tax on US multinationals. His proposal would place a 20 percent tax on the estimated $2 trillion in income that multinational companies currently stash offshore, giving them eight years to pay it off. Then, the Baucus plan would either: 1) Tax all foreign profits at 80 percent of the corporate tax rate (which, if lowered to President Barack Obama’s 28 percent goal, would be an effective 22 percent tax rate); or 2) tax “active” income at an even lower rate while levying the regular domestic corporate rate on all worldwide “passive” income.

Advertisement

Topics

What to read next

UsernamePublicRestriction

Register

PL010422

Ask The Analyst

Please fill in the form below to send over your enquiry or check the Ask The Analyst Page to find out more about the service

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel