Mark Saunderson and Miles Humphrey (Deloitte) review the impact of US tax reform on large businesses.
A lot can change in 31 years. Back in October 1986 the Berlin Wall was still standing Oprah Winfrey had just launched her TV show and England had recently been knocked out of the World Cup (perhaps some things never change).
October 1986 was also when President Reagan signed comprehensive reform of the US tax system into law. For the next 31 years whilst the world changed around it the fundamental structure of the US tax system was largely frozen.
When the 1986 reforms were enacted the US tax system was in the vanguard of developed economies' tax systems with features including controlled foreign corporation rules a federal corporate tax rate of 35% a credit system limiting double taxation on international income and limited interest...
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Mark Saunderson and Miles Humphrey (Deloitte) review the impact of US tax reform on large businesses.
A lot can change in 31 years. Back in October 1986 the Berlin Wall was still standing Oprah Winfrey had just launched her TV show and England had recently been knocked out of the World Cup (perhaps some things never change).
October 1986 was also when President Reagan signed comprehensive reform of the US tax system into law. For the next 31 years whilst the world changed around it the fundamental structure of the US tax system was largely frozen.
When the 1986 reforms were enacted the US tax system was in the vanguard of developed economies' tax systems with features including controlled foreign corporation rules a federal corporate tax rate of 35% a credit system limiting double taxation on international income and limited interest...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
