Understanding the Republicans’ corporate tax reform

From Brookings Topics - U.S. Economic Performance
January 10, 2017 - 11:00am

Republicans in the House are proposing sweeping corporate tax reform.  Their proposals would effectively repeal the corporate income tax, currently levied at a 35 percent rate, and replace it with a new “destination-based cash-flow tax (DBCFT)” at a 20 percent rate for corporations and 25 percent for unincorporated businesses.  The new tax would be border-adjustable […]        



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