乔纳森·格鲁伯-财政学（第五版）gruber_5e_lecture_slides_ch24.pptxVIP

Copyright ? 2010 Worth Publishers 24Heather Luea and Dan SacksP R E P A R E D B Y24.1 What are Corporations, and Why Do We Tax Them?24.2 The Structure of the Corporate Tax24.3 The Incidence of the Corporate Tax24.4 The Consequences of the Corporate Tax for Investment24.5 The Consequences of the Corporate Tax for Financing24.6 Treatment of International Corporate Income24.7 ConclusionTaxation of Business Income 24IntroductionOn May 4, 2009, Barack Obama proposed to reform the corporate tax system by ending tax incentives for U.S. companies that have invested heavily in overseas operations. He claimed that these companies were “shirking” responsibilities and were a large factor in the “iniquities of a broken tax system that rewarded firms for creating jobs in Bangalore rather than Buffalo, New York.” 24IntroductionIn particular, Obama proposed to reform deferral rules so companies will not receive deductions on their U.S. tax returns until they pay the appropriate taxes on their overseas profits. This provision, which would be enacted in 2011, would raise $60 billion between 2011 and 2019. The second component of Obama’s proposals would raise a total of $87 billion between 2011 and 2019 through more stringent restraints on offshore “tax havens” where tax rates are particularly low. 24IntroductionSupporters agreed that the government needs to intervene to “fix” the tax system. Others argued that instead of creating more opportunities in the United States, Obama’s plan would reduce domestic job creation. A lower U.S. tax rate on foreign income: Allows U.S. companies to be competitive in economies abroad where foreign owned companies are subject to lower tax rates, increasing the tax base despite a lower tax rate.Compensates for a lagging domestic market presence by diversifying its customer base, thereby reducing domestic layoffs due to reduced domestic customer demand. 24IntroductionPresident Obama’s plan has not, as of this writing, come close to becoming law.The s