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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

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Lawmakers have up to 120 days to decide the future of Brazil’s unique transfer pricing rules, but many taxpayers are wary of radical change.
Shell reports profits of £32.2 billion, prompting calls for higher taxes on energy companies, while the IMF warns Australia to raise taxes to sustain public spending.
Governments now have the final OECD guidance on how to implement the 15% global minimum corporate tax rate.
The Indian company, which is contesting the bill, has a family connection to UK Prime Minister Rishi Sunak – whose government has just been hit by a tax scandal.
Developments included calls for tax reform in Malaysia and the US, concerns about the level of the VAT threshold in the UK, Ukraine’s preparations for EU accession, and more.
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.