Congressional Research Service Issues Report on U.S. Corporate Tax Integration

On 31 October 2016, the U.S. Congressional Research Service (CRS) published a summary report on corporate tax integration, which is an approach being considered as part of possible U.S. tax reform (previous coverage 4.28.2016 P2). The report covers:

• Corporate tax differentials under current law, including how the corporate tax produces differential effective tax rates and estimates of differential effective tax rates;
• Methods to address corporate tax distortions through full integration, inc…