Current social trends in corporate taxation have a tremendous impact on how corporations run their business activities.
Question:
Current social trends in corporate taxation have a tremendous impact on how corporations run their business activities. For instance, tax liabilities will affect where a corporation runs its activitiesin the United States or in a foreign countryand whether or not it elects to bring foreign earned cash back to the States. In recent years, the federal government has used foreign tax credits and tax holidays on repatriated earnings to encourage corporations to bring cash back to the United States. The idea is that this cash will stimulate economic growth in the form of more jobs and revenue for the American people; however, the success of these initiatives is a great source of controversy. The following current social trends relating to corporate taxes, and consider its impact on the corporate tax filer:
- Repatriation of earnings