The United States has been slipping from a position of economic competitiveness in recent years, in part because of changing corporate tax rates across the globe. Once a leader internationally, waves of Tax Reform in dozens of countries have left the U.S. burdened with one of the highest Corporate Tax rates in the world, slowing new investment and job growth. Produced by the Tax Foundation in Washington, D.C.
In the latest edition of We Mean Business, experts Dinesh Kanabar, deputy CEO and chairman (tax), KPMG; Bijal Ajinkya, partner, head of tax practice, Nishith Desai Associates; H.P. Ranina, Corporate Tax lawyer; Anuradha Dutt, partner, DMD Advocates & Vodafone counsel; Aseem Chawla, partner, head-tax practice, MPC Legal, and R. Prasad, former chairperson, CBDT and Member, CCI, discuss whether the newly constituted GAAR panel can modify the tax laws to satisfy foreign investors and whether the government will do anything to soften the retrospective tax blow.
Watch full show: http://profit.ndtv.com/video/Will-new-GAAR-panel-make-a-difference-/239704
President Barack Obama wants to drop the Corporate Tax rate from 35% to 28% and move manufacturing to a special category, with a 25% rate. Reuters columnist David Cay Johnston warns this could cause a rush of “manufacturers” looking to take advantage of the lower rate.
Goldman Sachs, General Electric, Sears … over 2,700 companies are withholding income from their employees but instead of sending the money to the government they’re keeping it for themselves. And it’s perfectly legal! Reuters columnist David Cay Johnston reveals how your boss may be pocketing your money – Any opinions expressed here are David Cay Johnston’s own. (April 12, 2012)
No matter how you look at the data, U.S. companies are paying one of the heaviest tax burdens in the world, and until our system is more competitive, we will struggle to keep jobs and industries in our country.
Large corporations are privy to tax laws that most small-business owners are not, and the U.S. is at a crucial fiscal juncture where things need to change. David Cay Johnston breaks down Corporate Tax policy in this edition of Decoder.
Read more – http://bit.ly/KhzNSU – Arkansas Economic Development Commission Executive Director talks to Arkansas Business Editor Gwen Moritz about the role Arkansas’ tax structure plays in industrial recruiting.
Complete video at: http://fora.tv/2012/03/22/Monitor_Breakfast_Business_Roundtable_Head_John_Engler
Business Roundtable head John Engler discusses his group’s proposal to eliminate tax breaks in order to lower the Corporate Tax rate to a flat 25%. “I think there is a willingness to be very creative and to be very courageous on this, but the key is that the rate has to go low enough to justify it,” he argues.
During a conversation with journalists at a Monitor Breakfast, Business Roundtable President John Engler discusses the state of U.S. business.
John Engler is president of the Business Roundtable (BRT), an association of chief executive officers of leading U.S. corporations with a combined workforce of more than 14 million workers and over $6 trillion in annual revenues.
A former three-term governor of Michigan, Engler assumed the leadership of Business Roundtable in January 2011 after serving six years as president and CEO of the National Association of Manufacturers.
President Obama’s economic team has released a bold new economic proposal. Cenk Uygur discusses the reality of our corporate tax system. Tell us in the comment section below if you agree with President Obama’s Corporate Tax rate proposal.
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