Tax Cuts on Repatriation Earnings as Economic Stimulus: An Economic Analysis

Marples, Donald J. ; Gravelle, Jane G.

Library of Congress. Congressional Research Service.

关键词: Tax cuts;    Tax deductions;    Taxation;    Economic Stimulus;   

RP-ID  :  R40178
RP-ID  :  R40178_2011May27

美国|英语

来源: UNT Digital Library

【 摘 要 】

From the start of the 112th Congress, reform of the current U.S. corporate tax system has been widely debated as an option to stimulate the economy. Most of the debate has focused on lowering the corporate tax rate and moving towards a territorial system. An exception to this is a plan to reduce the tax rate on repatriated dividends that has received some consideration. Under such a plan, the U.S. tax that U.S. firms pay when their overseas operations remit ("repatriate") their foreign earnings as dividends to their U.S. parent corporations would be reduced. Variations of this type of proposal have been introduced in several bills, including H.R. 1036, H.R. 1834, and S. 727, in the 112th Congress.