The Corporate Income Tax System: Overview and Options for Reform

Source: Mark P. Keightley, Molly F. Sherlock, Congressional Research Service, CRS Report for Congress, R42726, February 14, 2014

…. This report discusses a number of economic considerations that may be made while evaluating various corporate tax reform proposals. These might include analyses of the likely effect on households of certain reforms (also known as incidence analysis). Policymakers might also want to consider how certain corporate tax provisions contribute to the allocation of economic resources, choosing policies that promote an efficient use of resources. Other goals of corporate tax reform may include designing a system that is simple to comply with and administer, while also promoting competitiveness of U.S. corporations. …