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Article: Is the corporate tax system "broken"?
- Article from:
- Virginia Tax Review
- Article date:
- September 22, 2008
- Author:
CopyrightCOPYRIGHT 2008 Virginia Tax Review. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TABLE OF CONTENTS
I.INTRODUCTION 341
II. DECLINE OF THE CORPORATE TAX 343
A. Long-Term Decline 343
B. Role of Corporate Tax 344
C. Economic Distortions 345
III. 2003 TAX CUTS: THE FIFTEEN PERCENT SOLUTION 347
A. Integration Proposal 347
B. Fifteen Percent Solution 349
C. Unstable Compromise 350
IV. OUTLOOK FOR THE FUTURE 353
A. Rangel Proposal 354
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