Globalization has forever changed the competitive landscape, but U.S. corporate tax policy has not kept up. There is general agreement that some version of reform is required, but views diverge when it comes to the details. Regardless of the plan, there are likely to be winners and losers by industry and company.
- What are business tax reform's prospects in the political arena?
- Will it be closer to the Republicans' destination-based cash-flow tax system or the administration's campaign plan?
- Will border adjustment be included, or expensing future interest on debt eliminated?
- Does it need to occur in parallel with personal tax reform?