Can US tax reforms keep up with China?
How does
tax work? A tax is a mandatory payment that is collected by the local, state and national governments to cover costs for government services, goods and activities.
How does the policy affect a nation’s level of competitiveness? Today, we will be diving into the showdown that is taking place between the US and China. We will explore how China’s attractive tax incentives are a serious threat to the economic dominance of the US. Alex Muresianu is a Senior Policy Analyst with the Tax Foundation. He joins Kyle. Together, they examine how changes to US Corporate Taxes, including the restoration full expensed allows businesses to immediately deduct all costs of certain investments made in new or improved equipment, technology, or buildings. It eliminates a bias within the tax code, and encourages companies to invest, which in turn increases worker productivity, wages and jobs.
LinksLeveraging Tax Policy to Bolster US Economic Growth Amid Competition with ChinaSee more
Supernormal Returns: An Overlooked Foundation of Tax Policy Debates See more
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