US tax reform special focus

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The past 12 months have seen stagnation and inaction on US corporate tax reform. They have also seen the US rise to the unenvied position of first in the world when it comes to having the highest corporate tax rate. With the re-election of President Barack Obama, American corporate taxpayers finally have some degree of certainty of what is in store in 2013.

Republicans have maintained control of the House of Representatives, meaning bipartisan support is necessary for legislation to pass. Agreement has been reached on certain points, but comprehensive tax reform will require greater convergence and compromise between Obama and Congress.

This special report combines ITR’s coverage of 2012's pivotal tax reform moments, highlighting why the decisions of US multinationals to relocate overseas should be a clear signal to lawmakers that reform is necessary. The report also looks at whether an additional revenue stream will be required, and whether a European-style VAT might be the answer, before culminating in a post-election analysis of what Obama is likely to do next, and whether the political gridlock of the last year has caused a shift in the way business thinks about the issue of corporate tax reform.

This information will help you garner a clear understanding of what the US tax code will look like in 2013, and what your business can do to prepare for such changes. Join your peers by engaging in the debate on LinkedIn and Twitter. The ITR Twitter handle is @Intltaxreview and you can share your views using the #UStaxreformITR.

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Contents

	REACTION Eaton's move to Ireland highlights need for US tax reform
	COVERAGE US presidential candidates draw tax battle lines in live debate
	INSIGHT US VAT may be required to fund tax reform
	ANALYSIS Post-election report: Where does this leave US tax reform and what will Obama do next?
Download this special report as a PDF

Further reading

• RATE Coalition goes on campaign trail to speed up US reform
• Romney’s Paul Ryan pick sharpens US VAT debate
• 9-9-9 tax plan may never be implemented, but certainly raises debate on US VAT
• Bipartisan agreement in the US on repatriation relief, but only temporary
• Senate’s defeat of small business tax break highlights US reform task
• Obama unveils tax to-do list for Congress
• Congress tackles impact of accounting on US tax reform
• Why the US reform of extender provisions cannot wait for tax code overhaul
• COMMENT: The US emergency: Corporate tax reform to define presidential election
• Boeing, FedEx and Nike demand lower US corporate tax rate
• What the US Republican presidential candidates have to say about corporate tax
• Business Roundtable accuses Washington of letting business down