On 26 April 2016, the U.S. Senate Committee on Finance held a full committee hearing on business tax reform. The hearing covered a number of issues and potential reforms, including: Introducing corporate integration (full or partial) to eliminate double taxation of corporate business earnings and eliminate distortions in the current tax code, including: The incentive to invest in non-corporate businesses rather than corporate businesses; The incentive to finance corporations with debt rather than equity; The incentive to retain rather than distribute earnings; and The incentive to distribute earnings in a manner that avoids or significantly reduces the second layer of...