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US tax reform special focus

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International Tax Review provides you with full coverage of the developments surrounding comprehensive reform of the US tax code and what it could mean for your business' bottom line.

Download the special report as a PDF

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

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REACTION

Eaton's move to Ireland highlights need for US tax reform

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COVERAGE

US presidential candidates draw tax battle lines in live debate

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INSIGHT

US VAT may be required to fund tax reform

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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

more across site & bottom lb ros

More from across our site

A steady stream of countries has announced steps towards implementing pillar two, but Korea has got there first. Ralph Cunningham finds out what tax executives should do next.
The BEPS Monitoring Group has found a rare point of agreement with business bodies advocating an EU-wide one-stop-shop for compliance under BEFIT.
Former PwC partner Peter-John Collins has been banned from serving as a tax agent in Australia, while Brazil reports its best-ever year of tax collection on record.
Industry groups are concerned about the shift away from the ALP towards formulary apportionment as part of a common consolidated corporate tax base across the EU.
The former tax official in Italy will take up her post in April.
With marked economic disruption matched by a frenetic rate of regulatory upheaval, ITR partnered with Asia’s leading legal minds to navigate the continent’s growing complexity.
Lawmakers seem more reticent than ever to make ambitious tax proposals since the disastrous ‘mini-budget’ last September, but the country needs serious change.
The panel, the only one dedicated to tax at the World Economic Forum, comprised government ministers and other officials.
Colombian Finance Minister José Antonio Ocampo announced preparations for a Latin American tax summit, while the potentially ‘dangerous’ Inflation Reduction Act has come under fire.
The OECD’s two-pillar solution may increase global tax revenue gains by more than $200 billion a year, but pillar one is the key to such gains due to its fundamental changes to taxing rights.