Corporate Income Tax Reform in the United States: Proposals for Integration of the Corporate and Individual Income Taxes, and International Aspects

Abstract

Recent tax reform proposals by the American Law Institute and the United States Treasury Department have revived the debate over whether the United States should retain separate individual and corporate income taxes. Integrating the corporate and individual income taxes would present domestic and international challenges. The author analyzes the recent proposals for tax reform and recommends a course of action for the United States or any nation reconsidering its tax policy.