This is a U.S. news story, published by ITEP, that relates primarily to Julian Zelizer news.
For more U.S. news, you can click here:
more U.S. newsFor more Julian Zelizer news, you can click here:
more Julian Zelizer newsFor more Us federal policies news, you can click here:
more Us federal policies newsFor more news from ITEP, you can click here:
more news from ITEPOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best politics news, business news, entertainment news, and much more. If you like this article about Us federal policies, you might also like this article about
offshore profits. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest many offshore profits news, corporate tax cuts news, news about Us federal policies, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
corporate tax breaksITEP
•80% Informative
New tax cuts to incentivize bringing jobs back to the U.S. will fail, says Julian Zelizer .
Zelizer: No new tax provisions can be more generous than the zero percent rate the 2017 law provides for many offshore profits or loopholes that allow corporations to shift profits to countries with minimal or no corporate income taxes.
Trump- GOP tax law would reward companies for making investments they would have made in any event, says Julian Zelizer .
Companies that have no intention of moving operations to the U.S. could manipulate the rules to make it appear that they are doing so to reap the tax benefits, he says.
Zelizer: A corporate subsidy can be a direct subsidy or as a tax subsidy.
Congress should replace the 2017 law with a real tax reform that taxes all profits of American -based corporations the same way, regardless of where they are earned. To avoid double-taxation, corporations would still be allowed credits against foreign taxes, and those credits could again equal 100 percent of foreign taxes paid, as was the case before the 2017 law was enacted..
VR Score
83
Informative language
83
Neutral language
28
Article tone
informal
Language
English
Language complexity
60
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
Affiliate links
no affiliate links