Since the early 1960s the US corporate tax structure has remained relatively similar, while the world around it has changed radically. But as the percentage of total US tax revenues contributed from the corporate income tax continues to shrink (at the same time as tax rates worldwide continue to drop), Congress is looking hard at what is going wrong. But Douglas Stransky, of Sullivan & Worcester, asks if it is looking in the right place.
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The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process