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Corporate Tax Policy for the 21st Century

Merrill, Peter R.


This paper discusses three issues relating to corporate tax policy in the United States for the 21st century. First, the paper compares U.S. corporate tax policy with that of other Organisation for Economic Co-operation and Development (OECD) economies, concluding that there is a large and growing gap between U.S. policy and international norms. Second, the paper notes a few aspects of the 21st century global economy that have profound implications for tax policy. Finally, the paper concludes with some observations about new directions for corporate tax policy in view of American tax exceptionalism and global economic trends.


Merrill, Peter R. (2010), Corporate Tax Policy for the 21st Century, National Tax Journal, 63:4, pp. 623-33

DOI: dx.doi.org/10.17310/ntj.2010.4.01