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Report Of The Department Of The Treasury On Integration Of The Individual And Corporate Tax Systems Taxing Business Income Once(1st Edition)

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United States, Dept, Of The Treasury

Free report of the department of the treasury on integration of the individual and corporate tax systems taxing
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ISBN: 1330282833, 978-1330282830

Book publisher: Forgotten Books

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Book Summary: Excerpt from Report of the Department of the Treasury on Integration of the Individual and Corporate Tax Systems: Taxing Business Income OnceThe Honorable Dan Rostenkowski ChairmanCommittee on Ways and Means United States House of Representatives Washington. D.C. 20515Dear Mr Chairman:Section 634 of Public Law 99-514. the Tax Reform Act of 19S6 directed the Secretary of the Treasury or his delegate to study reforms of the taxation of corporate income under Subchapter C of the Internal Revenue Code. This mandate is quite broad. We concluded that a comprehensive study of the issues presented by integration of the corporate and individual income tax would address fundamental questions concerning bow the corporate income tax might: be restructured to reduce tax distortions of important corporate financial decisions and to achieve a more efficient system. Given the prevalence of integrated corporate income tax systems in the world today, we believe that an examination of these substantial issues should precede consideration of other, less fundamental, approaches to corporate income tax reform Accordingly, this Report is submitted pursuant to the statutory directive cued above.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.