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See the latest US China competition legislation, including proposals such as USICA, Competes Act, and a corporate tax comparison from the Tax Foundation.

U.S. Lawmakers should focus on boosting the productive capacity of the economy by reforming the tax code to prioritize economic growth and opportunity.

Overview - Over the past year, several tax law changes have been proposed by the Biden administration and, in September 2021, draft legislative language was circulated,...

House of Representatives passed a version of the Build Back Better Act, which excluded many of the tax provisions included in the version introduced in September. Prior to passage, additional changes will be made to the tax provisions included in the Build Back Better Act.

U.S. Cross-border Tax Reform and the Cautionary Tale of GILTI Daniel Bunn Key Findings The U.S. joined many other developed nations in adopting territorial provisions and anti-base erosion rules as part of the 2017 tax reform. One major piece of that reform, that is not typical in other territorial systems, is a new definition of currently taxable foreign earnings, Global Intangible Low Tax Income (GILTI), which is taxed at an effective rate of 13.125 percent, with the rate set to increase after 2025 to 16.4 percent. Recent research has shown that foreign earnings of U.S. companies remain tax...