The international tax code affects the United States economy. In this discussion, you will comment on the complexity of the tax code and how the international tax code interacts with the U.S. tax code.

It was mentioned in our textbook that Pam Olson, former Treasury Assistant Secretary for Tax Policy, was quoted as saying, It is difficult to predict the future of an economy in which it takes more brains to figure out the tax on our income than it does to earn it. Read Testimony of Pamela Olson Before the Senate Committee on Finance on International Tax Policy and Competitiveness, as well as the resource article What Are the Consequences of the New US International Tax System?, and comment on your experience with the complexity of the tax code by addressing the following questions:

• Do you think that the new tax act helped or further complicated the tax code?

• Have we become more competitive with other countries?

• Why is international tax so important to the U.S. tax code?

In your post, cite specific code sections that support your comments.