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U.S. Congressional Research Service Publishes Updated Report on Trends and Proposals for Corporate Tax Revenue

24 May 2021

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Proposed Changes

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United States

The U.S. Congressional Research Services (CRS) has published an updated report dated 17 May 2021 on Trends and Proposals for Corporate Tax Revenue, which includes a summary of current corporate tax proposals as follows: --- Corporate Tax Proposals President Biden's "Made in America" tax plan framework seeks to increase the amount of revenue raised by the corporate tax system. Several legislative proposals in the 117th Congress would affect corporate taxes. A number of proposals would likely increase corporate tax revenues, in most cases by altering the international tax structure. Raising the Corporate Tax Rate The corporate tax rate is currently...