The corporate tax conundrum

October 2007
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US Washington national tax services: Corporate tax conundrum

At a glance

This PwC Washington national tax services background paper describes the taxation of corporate and noncorporate businesses in the United States, compares the US corporate tax system with that of its major trading partners, and describes the major economic distortions caused by the US rules for taxing income from capital.

In conjunction with a conference on business taxation and global competitiveness, the Treasury Department on July 26, 2007, released a background paper on the taxation of business income in the United States. The background paper describes the taxation of corporate and noncorporate businesses in the United States, compares the US corporate tax system with that of its major trading partners, and describes the major economic distortions caused by the US rules for taxing income from capital.