Tax Reformation
Added on 2019-09-25
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Assignment: 17021128745758Title: Tax Reformation: A Reflective EvaluationStudent name:Student ID:Date: 14th February 20171Student Name: Student Number:
Assignment: 17021128745758Table of ContentsIntroduction................................................................................................................................3Argument in favour of lowering tax rates..................................................................................3Arguments against the lowering of corporate tax rates..............................................................4Reflective evaluation..................................................................................................................5Conclusion..................................................................................................................................5References..............................................................................................................................62Student Name: Student Number:
Assignment: 17021128745758IntroductionThe corporate tax reforms are the most talked about topics identified in the past few years.Certain loopholes or uncertain decision had been offered by the government in the context ofcorporate business taxes that had affected the yearly turnover of the American multinationalcompanies (Chirinko, and Daniel J, 2010). As most of the American native organisations areshifting overseas due to a lower rate of taxes in comparison to U.S, the discussion regardingtax reformation and lowering the present tax rates would be presented in an argumentativeway. Based on the case study, several aspects reading American taxation would also be citedin the following components. Argument in favour of lowering tax ratesIn the contemporary political context, one question has raised by the corporate world withsheer potentiality that does the increment of corporate tax rates are able to destroy jobemployment in America? Or do the lowering of corporate tax rates would help in increasingjob vacancies in the American multinational organisations (Bellak and Markus, 2009). Toanswer these questions, an argument in the context of reducing corporate tax rates can bepresented in a supportive manner. Related to the case study, it is evident that the Americanmultinational organisations have to pay corporate taxes more than the rate of other foreigncountries than in the U.S (Devereux and Simon Loretz, 2012). Emerson had paid thecorporate taxes more than the half of $1.3 billion in the US, in comparison to other regions ofthe world. Therefore, it would be beneficial to reduce the corporate tax rates in the U.S as theforeign direct investment are supposed to get attracted. It has apparently been recorded thatlowering tax rates has influenced and instigated more FDI by the foreign multinationalorganisation and this has managed the enhancement of the scope for more employment in thenative organisations (Feredea, Ergete and Bev Dahlby, 2012). The high tax rates are seen as3Student Name: Student Number:
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