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ACT Company Spotlight: Current Tax System Hampers IBM's Global Competitiveness

ACT member companies have a presence in all 50 states and Washington, D.C., directly employing a combined 3.8 million Americans. ACT's members export over $124 billion of goods and services, invest over $50 billion in domestic research and development, and purchase over $630 billion of supplies from…

ACT Submits Comments on Senate Finance Committee Staff's Tax Reform Discussion Drafts

WASHINGTON, D.C. Today, the Alliance for Competitive Taxation (ACT), a coalition made up of leading American businesses, submitted comments to the Senate Finance Committee regarding the tax reform discussion drafts released by Chairman Baucus and the Committee staff in late 2013. ACT believes tax re…

Looking Ahead: Tax Reform in 2014

As 2013 drew to a close, there was widespread speculation about the future of tax reform. But while prognosticators and pundits may disagree about what Congress will do next, what is indisputable is that tax reform, done right, would be a tremendous boon to the American economy. That's why, fresh of…

ACT Statement on the Senate Finance Committee Staff's International Tax Reform Discussion Draft

Washington, D.C. - Today, the Alliance for Competitive Taxation (ACT) released the following statement in response to the release of the Senate Finance Committee staff's international tax reform discussion draft: "While we are encouraged by Chairman Baucus' continued commitment to pass comprehensive…

New JCT Report Shows Corporate Income Tax Rate's Effect on Average Americans

The Joint Committee on Taxation (JCT) recently released a report that illustrates how America's 35% corporate income tax rate the highest in the developed world hurts American workers. This report, titled Modeling the Distribution of Taxes on Business Income, supports the long-held findings of econo…

New Study: International Tax Reform Will Create American Jobs and Boost Economic Growth

By ACT Staff A new report highlights the importance of tax reform to the U.S. economy. The report, released by the Berkeley Research Group and titled Implications of a Switch to a Territorial Tax System in the United States: A Critical Comparison to the Current System, details the benefits of adopt…

1986 Was A Great Year! Twenty-Seven Years Later, Time to ACT on Tax Reform

Twenty-seven years ago today, President Ronald Reagan signed the Tax Reform Act of 1986 into law. Over the course of the more than two decades since leaders from both sides of the aisle came together to pass tax reform that prioritized our nation's economic future, the U.S. economy and the way Ameri…

MythBuster: New Analysis Finds Effective Corporate Tax Rates Significantly Higher than Reported by GAO

By ACT Staff Earlier this year, the U.S. Government Accountability Office released a report that found surprisingly low effective tax rates for U.S. companies in 2010. This week, a new analysis was published by Andrew Lyon from PricewaterhouseCoopers on Tax Notes that uses the same data as GAO, but …

Brennan Study Upends Conventional Wisdom on Repatriation

By ACT Staff A recent, independent report by Thomas Brennan, a law professor at Northwestern University, takes a fresh look at the provision in the American Jobs Creation Act (AJCA) of 2004 that temporarily allowed US companies to claim an 85% deduction for repatriated foreign earnings in excess of …

Inside Tax Reform - Why Corporate Reform Should be Revenue Neutral

By ACT Staff Corporate tax rates are falling around the globe.¬† Hybrid international tax systems are becoming the global norm.¬† The U.S. is among the last of the OECD countries to reform old tax rules that were developed early in the twentieth century before innovations in commerce, communication,…

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