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    <title>Tax Policy Center: Corporate, Business Taxation</title>
    <link>http://www.taxpolicycenter.org</link>
    <description>Tax Policy Center reports on: Corporate, Business Taxation - The Tax Policy Center is a joint venture of the Urban Institute and Brookings Institution. The Center is comprised of nationally recognized experts in tax, budget, and social policy who have served at the highest levels of government.</description>
    <language>en-us</language>
    <copyright>Copyright 2007 Tax Policy Center</copyright>
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    <lastBuildDate>Fri, 20 Nov 2009 21:00:26 EST</lastBuildDate>
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    <item>
	<title><![CDATA[The Opacity of Marginal Tax Rates]]></title>
	<description><![CDATA[Suppose that a taxpayer earns an additional dollar of
income. How much tax would she owe on that dollar? A
natural way to answer this question would be to look up
the taxpayers statutory tax rate - the tax rate corresponding
to her tax bracket and filing status.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1001336&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Rosanne Altshuler, Jacob Goldin)</author>
        <pubDate>Wed, 21 Oct 2009 00:00:00 EST</pubDate>
		
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    <item>
	<title><![CDATA[Mitigating the Potential Inequity of Reducing Corporate Rates]]></title>
	<description><![CDATA[Some tax proposals would reduce the marginal corporate tax rate. Others would boost the top individual rate. Although a differential between corporate and individual rates could reduce the overall tax on distributed corporate income, it could also enable higher-income taxpayers to shelter income from taxation. This paper explains how denying the lower corporate rate to income from services and passive investments combined with provisions that prevent people from permanently escaping tax on retained earnings would mitigate this problem.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=411931&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Dan Halperin)</author>
        <pubDate>Wed, 29 Jul 2009 00:00:00 EST</pubDate>
		
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    <item>
	<title><![CDATA[The Distribution of Federal Taxes, 2008-11]]></title>
	<description><![CDATA[Overall, the federal tax system is highly progressive. On average, households with higher incomes pay taxes that are a larger share of their income. The tax cuts passed since 2001 have reduced progressivity with the notable exception of the 2008 stimulus package. Almost all provisions of the tax cuts are set to expire by the end of 2010. Barring legislative action, effective tax rates will rise across the income spectrum in 2011 with the largest increases in the upper income classes. This paper summarizes the Tax Policy Center's latest estimates of the distribution of federal taxes for 2008 through 2011.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1001189&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Jeff Rohaly)</author>
        <pubDate>Wed, 11 Jun 2008 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/1001189_federal_taxes.pdf" type="application/pdf" length="98905"/>
		
    </item>


    <item>
	<title><![CDATA[Does the Federal Income Tax Favor Small Business?]]></title>
	<description><![CDATA[Small business is the source of our entrepreneurial genius, creativity, and productivity. Nonetheless, a substantial portion of our economic activity occurs within large corporations, non-profits and public enterprises. This paper discusses how the federal income tax treats firms of different sizes. It reviews specific provisions favoring small businesses and more general aspects of the federal income tax that may differentially affect firms of different sizes and also discusses how opportunities for tax avoidance and costs of complying with the tax law affect businesses of different size.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=411606&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Eric Toder)</author>
        <pubDate>Wed, 30 Jan 2008 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/411606_income_tax_favor.pdf" type="application/pdf" length="91903"/>
		
    </item>


    <item>
	<title><![CDATA[Emerging State Business Tax Policy : More of the Same, or Fundamental Change?]]></title>
	<description><![CDATA[Much of the state tax policy discussion during the past decade has centered on the performance of corporate income taxes and ways to restructure them. This report focuses on state responses to the weak corporate tax collections during the 2000-2003 period as well as to the revenue performance during the years immediately preceding and following the recession. The report is not an attempt to argue that the corporate income tax is an important component of good state tax policy. Instead, our focus is on identifying state tactics to maintain or change the tax, determining whether those strategies are good tax policy, and evaluating whether they are working to achieve the basic goals of the states.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1001134&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( William F. Fox, LeAnne Luna, Matthew N. Murray)</author>
        <pubDate>Tue, 29 Jan 2008 00:00:00 EST</pubDate>
		
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    </item>


    <item>
	<title><![CDATA[Fewer Businesses Are Organized As Taxable Corporations]]></title>
	<description><![CDATA[Corporations that are taxed under subchapter C of the Internal Revenue Code pay a separate entity-level tax on their income (the corporate income tax) and their owners pay additional tax on corporate dividends and capital gains on sales of corporate shares. Other businesses are taxed as flow-through entities; they file tax returns and report their income but do not pay an entity-level tax. This article discusses the decline in both the share of businesses organized as C corporations and their share of business receipts between 1994 and 2004.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1001095&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Eric Toder, Julianna Koch)</author>
        <pubDate>Mon, 06 Aug 2007 00:00:00 EST</pubDate>
		
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    </item>


    <item>
	<title><![CDATA[Eliminating Tax Expenditures with Adverse Environmental Effects]]></title>
	<description><![CDATA[Tax expenditures are provisions in the U.S. federal tax code that provide special tax benefits for selected economic activities or taxpayers. A number of tax expenditures add to greenhouse gas emissions by encouraging production and consumption of fossil fuels. This policy brief examines four tax expenditures that increase consumption of fossil fuels. Eliminating or scaling back these and other tax expenditures that promote production and consumption of fossil fuels would reduce the budget deficit, promote economic efficiency, and be a first step toward making the tax law more environmentally friendly. However, the effects of the proposed tax reforms on greenhouse gas emissions would be smallso addressing tax expenditures can be only one part of a broader strategy to reduce climate change.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1001080&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Eric Toder)</author>
        <pubDate>Thu, 31 May 2007 00:00:00 EST</pubDate>
		
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    </item>


    <item>
	<title><![CDATA[Energy Taxation: Principles and Interests]]></title>
	<description><![CDATA[Energy policy is an important subject these days, as Americans become increasingly aware of the costs of what President Bush has called "our addiction to oil" and the environmental costs of growing world consumption of fossil fuels. Although some foreign oil comes from friendly and politically stable countries, the world price of oil depends heavily on output in potentially hostile, war-torn, and politically unstable regions. Policy changes can help us adjust over time to an economy that uses less oil and generates less greenhouse gas emissions. This article discusses some tax policies, including energy taxes and energy tax incentives, that can be crucial components of an energy policy that addresses global warming and energy security concerns.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1001077&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Eric Toder)</author>
        <pubDate>Tue, 08 May 2007 00:00:00 EST</pubDate>
		
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    </item>


    <item>
	<title><![CDATA[The Recent Surge in Corporate Profits and Tax Revenue]]></title>
	<description><![CDATA[Before-tax corporate profits of nonfinancial corporations surged to 7.8 percent of net national product in the second quarter of 2006, having risen steadily from a post-war low of 3.6 percent, in the fourth quarter of 2001, after a stock market plunge. We find that the income of corporate capital owners of nonfinancial corporations, net corporate tax, has remained much steadier than corporate profits.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1001045&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Adam Carasso, Gillian Reynolds, C. Eugene Steuerle)</author>
        <pubDate>Mon, 20 Nov 2006 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/1001045_Tax_Facts_11-20-06.pdf" type="application/pdf" length="50000"/>
		
    </item>


    <item>
	<title><![CDATA[Tax Incentives for Energy Production]]></title>
	<description><![CDATA[There are numerous tax incentives for the oil and gas industry, many of which are designed to encourage exploration and energy production.  Both the amount and the value of the incentives have increased in recent years.  Economists believe it is generally bad policy to favor one industry or one type of production over another because it distorts investment and production decisions away from a more efficient allocation.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000997&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Troy Kravitz)</author>
        <pubDate>Mon, 12 Jun 2006 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/1000997_Tax_Fact_06-12-06.pdf" type="application/pdf" length="516595"/>
		
    </item>


    <item>
	<title><![CDATA[Transforming the Tax Code: An Examination of the President's Tax Reform Panel Recommendations : Statement of Leonard E. Burman before the Subcommittees on Tax, Finance, and Exports, and Rural Enterprises, Agriculture, and Technology, House Committee on Small Business]]></title>
	<description><![CDATA[This Congressional testimony by Leonard Burman examines how the plans put forth by the President's Advisory Panel on Federal Tax Reform would affect small businesses, focusing particularly on the effect of: adopting a national retail sales tax on small business and the viability of federal and state tax systems; the effect on small business health insurance and retirement coverage; the effect of disallowing state and local tax deductions for businesses; and the effect of certain simplification proposals.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=900915&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Leonard E. Burman)</author>
        <pubDate>Wed, 01 Feb 2006 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/900915_burman_020106.pdf" type="application/pdf" length="84155"/>
		
    </item>


    <item>
	<title><![CDATA[Taxing Capital Income : Do We? Should We? Can We? Can We Not?]]></title>
	<description><![CDATA[The Urban-Brookings Tax Policy Center, American Tax Policy Institute, and Tax Analysts cosponsored a conference entitled Taxing Capital Income: Do we? Should we? Can we? (Can we not?). The one-day conference brought together leading economists, lawyers and accountants from across the political spectrum to discuss issues surrounding the choice of income or consumption as a tax base.  Sessions addressed each question in the title. Douglas Holtz-Eakin, Director of the Congressional Budget Office, presented the luncheon address, and a wrap-up panel featured Henry Aaron, Leonard Burman and Dan Halperin. Drafts of the conference papers are available at the ATPI website, http://www.americantaxpolicyinstitute.org/.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=411273&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( The Tax Policy Center)</author>
        <pubDate>Tue, 10 Jan 2006 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/411273_ATPI_transcript.pdf" type="application/pdf" length="452246"/>
		
    </item>


    <item>
	<title><![CDATA[Deficits, Interest Rates, and the User Cost of Capital : A Reconsideration of the Effects of Tax Policy on Investment]]></title>
	<description><![CDATA[Under traditional formulations, lower capital income tax rates reduce the user cost of capital and stimulate investment. The traditional approach, however, implicitly or explicitly considers a revenue-neutral reduction in capital income taxation. We extend the traditional approach by considering a reduction in taxes that generates an increase in the budget deficit; the expanded budget deficit may raise interest rates and the opportunity cost of investment. This provides a mechanism through which tax cuts can raise the cost of capital. Representative calculations show that making the administration's recent tax cuts permanent would be to raise the user cost of capital.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=311211&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( William G. Gale, Peter Orszag)</author>
        <pubDate>Fri, 19 Aug 2005 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/311211_TPC_DiscussionPaper_27.pdf" type="application/pdf" length="419093"/>
		
    </item>


    <item>
	<title><![CDATA[USDA Not Allowing Free Markets to Decide about Mad Cow Disease Testing]]></title>
	<description><![CDATA[In this commentary for Marketplace, Len Burman argues that the government's faith in free-market solutions to public policy issues is contradicted by its position against private testing of cattle for Mad Cow disease.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000665&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Leonard E. Burman)</author>
        <pubDate>Fri, 02 Jul 2004 00:00:00 EST</pubDate>
		
    </item>


    <item>
	<title><![CDATA[Small Businesses and Marginal Income Tax Rates]]></title>
	<description><![CDATA[A common claim in recent tax policy debates is that raising or cutting the highest income tax rates would disproportionately affect small business.  But few small business owners face the highest marginal income tax rates.  Business income is not the dominant form of income in any positive tax bracket and although many returns in the top two brackets have at least some business income, few returns have most of their income from small businesses.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000651&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( William G. Gale)</author>
        <pubDate>Mon, 26 Apr 2004 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/1000651_taxfacts042604.pdf" type="application/pdf" length="49903"/>
		
    </item>


    <item>
	<title><![CDATA[The Vital Role of the Accountant (Part 2 of 2) : Some Implications When This Role Is Ignored]]></title>
	<description><![CDATA[Accurate accounting&#151;and some implications of when this role is ignored&#151;is examined in part two of "The Vital Role of the Accountant." The need for good accounting involves far more than mere bookkeeping and arises from the fluid and vibrant nature of the modern economy.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000592&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Mon, 19 Jan 2004 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/1000592_EP_011904.pdf" type="application/pdf" length="51039"/>
		
    </item>


    <item>
	<title><![CDATA[The Vital Role of the Accountant (Part 1 of 2) : Accounting in a Modern Market Economy]]></title>
	<description><![CDATA[Accurate accounting--and some implications of when this role is ignored--is examined in part one of "The Vital Role of the Accountant." Reliable income accounting is a crucial ingredient to economic growth and the functioning of the modern market economy, this column asserts, because modern organizations cannot survive without it.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000591&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Mon, 12 Jan 2004 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/1000591_EP_011204.pdf" type="application/pdf" length="53684"/>
		
    </item>


    <item>
	<title><![CDATA[Changes in Total Government Tax Receipts Since 1929]]></title>
	<description><![CDATA[While federal, state, and local tax receipts have nearly tripled as a percentage of GDP over the last 70 years  rising from 9.5 percent in 1929 to 26.2 percent by 2002  the magnitude of the decline in total receipts since 2000 is unmatched since World War II. The figure below shows the growth and change in the different sources of total tax receipts. Most of the growth in receipts occurred between 1929 and the nations entrance into World War II. From the late 1960s through the late 1990s, the level of total government receipts had largely stabilized, remaining between 25 and 27 percent of GDP.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000556&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle, Adam Carasso)</author>
        <pubDate>Mon, 18 Aug 2003 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/1000556_TaxFacts_081803.pdf" type="application/pdf" length="208590"/>
		
    </item>


    <item>
	<title><![CDATA[Congress Morphs an 'Itty-Bitty' Tax Cut Into a Budget Buster]]></title>
	<description><![CDATA[[Los Angeles Times] On May 15, the Senate passed a tax cut that would probably prove even more costly and less responsible than the Bush Administration.  The president's dividend-relief proposal would cost almost $400 billion over the next 10 years. The Senate version could end up costing much more. Instead of ending the "double taxation" of corporate income, the Senate bill threatens to end all taxation of corporate income.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=900620&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Leonard E. Burman, Peter Orszag)</author>
        <pubDate>Tue, 20 May 2003 00:00:00 EST</pubDate>
		
    </item>


    <item>
	<title><![CDATA[The Latest 'ZITCOM' and My New Tax Shelter Bank]]></title>
	<description><![CDATA[Steuerle discusses a Bush administration proposal for a lifetime savings account (LSA) and the opportunities for tax shelters and tax arbitrage that it would create.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000482&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Mon, 05 May 2003 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/1000482_EP.pdf" type="application/pdf" length="27609"/>
		
    </item>


    <item>
	<title><![CDATA[The Corporate Income Tax In the Post-War Era]]></title>
	<description><![CDATA[The corporate income tax has been in steady decline since World War II, reaching record lows during the recessions of the early 1980s and approaching those lows again in 2002.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000452&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Adam Carasso)</author>
        <pubDate>Mon, 03 Mar 2003 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/1000452_corporate_postwar.pdf" type="application/pdf" length="315511"/>
		
    </item>


    <item>
	<title><![CDATA[The Enron Debacle : Lessons for Tax Policy]]></title>
	<description><![CDATA[The Enron debacle had potential implications in three areas of tax policy: tax-favored retirement plans, stock options, and differences in book versus tax accounting. The most important issue relates to the increasing riskiness of retirement plans that (1) can pay in a lump sum amount, (2) are of the defined contribution variety, and (3) may be excessively concentrated in employer stock. Proposals to remedy this issue even in a limited way may be unsuccessful if they do not address the especially favorable tax treatment of employee stock ownership plans (ESOPs). The spectacle of a purportedly profitable company paying little or no tax has become a common phenomenon. The Enron case suggests the need for more disclosure regarding the sources of book versus tax differences, if not some substantive corporate tax reforms.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=310622&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Jane G. Gravelle)</author>
        <pubDate>Thu, 13 Feb 2003 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/310622_Enron.pdf" type="application/pdf" length="113989"/>
		
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    <item>
	<title><![CDATA[The President's Tax Proposal: Second Thoughts]]></title>
	<description><![CDATA[On January 7, 2003, President Bush proposed a new package of tax cuts, consisting primarily of a new tax cut for dividends and capital gains on corporate stock and an acceleration of most but not all of the provisions of the 2001 tax cut that were scheduled to take effect in future years.1 In the last two weeks, this column provided initial reactions to the package and a more focused examination of the proposal to cut taxes on dividends and capital gains. This week, we build on these findings and focus on four broad aspects of the plan: Budget effects, distributional effects, economic effects, corporate tax reform.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000451&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( William G. Gale, Peter Orszag)</author>
        <pubDate>Mon, 27 Jan 2003 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/1000451_break_012703.pdf" type="application/pdf" length="71088"/>
		
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    <item>
	<title><![CDATA[Taxing Capital Income Once]]></title>
	<description><![CDATA[President Bush's recently proposed to eliminate the double taxation of corporate income.  The proposal contains the germ of a good idea, but it is incomplete.  Indeed, implementing it as is would be undesirable for several reasons:  it would add to our burgeoning national debt and thus reduce economic growth; it would be highly regressive, and it would have little or no effect on the epidemic of corporate tax sheltersa growing phenomenon that is both inefficient and unfair.  This paper proposes to address all of these deficiencies by coupling the Administration's proposal with full taxation of capital gains upon realization.  The proposal would be revenue neutral, progressive, and would do more to improve the allocation of capital than the Administration's proposal.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=410611&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Leonard E. Burman)</author>
        <pubDate>Tue, 21 Jan 2003 00:00:00 EST</pubDate>
		
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    <item>
	<title><![CDATA[About Half of Dividend Payments Do Not Face Double Taxation]]></title>
	<description><![CDATA[The United States is often said to maintain a classical tax system, under which corporate profits are subject to double taxation, once at the corporate level when they are earned, and again at the individual level when they are paid out as dividends. The Bush administration is reportedly considering corporate tax reform options in part because of concerns about double taxation. Dividends are not taxed twice if they are paid to nonprofit institutions or foundations; federal, state or local governments; public or private pension funds; and 401(k) plans or Individual Retirement Accounts.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000460&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( William G. Gale)</author>
        <pubDate>Mon, 11 Nov 2002 00:00:00 EST</pubDate>
		
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    <item>
	<title><![CDATA[Individual and Corporate Capital Gains Are Highly Correlated]]></title>
	<description><![CDATA[A perpetual policy debate surrounds the proper taxation of capital gains. One concern is that the tax creates a "lock-in effect." That is, people will hold onto assets longer than they otherwise would in order to avoid the tax. If significant, the lock-in effect would represent an undesirable tax distortion in its own right. It might also mean that cuts in capital gains tax rates could pay for themselves, because the added revenues from induced realizations would offset the loss due to the rate cut.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000461&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( Leonard E. Burman, George A. Plesko)</author>
        <pubDate>Mon, 28 Oct 2002 00:00:00 EST</pubDate>
		
		<enclosure url="http://www.taxpolicycenter.org/UploadedPDF/1000461_capitalgains.pdf" type="application/pdf" length="103824"/>
		
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    <item>
	<title><![CDATA[The Remarkable Constancy in the Income Share of Corporate Capital]]></title>
	<description><![CDATA[Despite a brief upturn in the early- to mid-1990s, the profits of nonfinancial corporations have dropped dramatically as a percentage of GDP in recent decades and are near an all-time low. Does this mean that owners of corporate capital are worse off? Not necessarily. The owners of corporations have retained a remarkably stable share of the nation's product. To see this constancy, one needs to consider all the returns to capital - not only retained earnings and dividends, but also the net interest payment received by corporate bond owners - and to understand how inflation affects the various components.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000463&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Mon, 30 Sep 2002 00:00:00 EST</pubDate>
		
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    </item>


    <item>
	<title><![CDATA[Corporate Integration: Think Twice About the Possibilities]]></title>
	<description><![CDATA[Critics of the elimination of the double taxation of corporate dividends point to budgetary and distributional concerns as reasons to oppose corporate-personal income tax integration.  The criticisms do not, however, mean that integration represents bad tax policy.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000911&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Mon, 16 Sep 2002 00:00:00 EST</pubDate>
		
    </item>


    <item>
	<title><![CDATA[Can Policymakers Time the Ending of Macroeconomic Incentives? : Part Three: New Versus Old Business and Complexity]]></title>
	<description><![CDATA[When policy makers decide that they are going to grant a temporary write-off for new capital investments, they essentially conclude that its macroeconomic advantages exceed other alternatives.  However,  incentive effects apply more powerfully to established or old business than to new business -- a potential threat to innovation. New temporary allowances also set in motion additional accounting requirements that both increase complexity and encourage firms to play games with the timing of billing or delivery of assets.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000950&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Mon, 29 Apr 2002 00:00:00 EST</pubDate>
		
    </item>


    <item>
	<title><![CDATA[Can Policymakers Time the Ending of Macroeconomic Incentives? : Part Two: What Happens When Temporary Investment Incentives End?]]></title>
	<description><![CDATA[This brief considers focuses on the ending of temporary investment incentives.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000951&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Mon, 15 Apr 2002 00:00:00 EST</pubDate>
		
    </item>


    <item>
	<title><![CDATA[Can Policymakers Time the Ending of Macroeconomic Incentives?]]></title>
	<description><![CDATA[Should policymakers use capital expense deductions to help stabilize the economy?]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000952&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Fri, 29 Mar 2002 00:00:00 EST</pubDate>
		
    </item>


    <item>
	<title><![CDATA[Is it Time to Rationalize Depreciation Policy?]]></title>
	<description><![CDATA[Depreciation policy seems to be back on the table for the first time since the mid-1980s, so it's again timely to ask: What are the best depreciation policies for the nation?]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000959&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Fri, 17 Aug 2001 00:00:00 EST</pubDate>
		
    </item>


    <item>
	<title><![CDATA[An Option to Increase Charitable Giving and Reduce Current Taxes]]></title>
	<description><![CDATA[Senior Fellow Eugene Steuerle explains why it makes sense to extend the charitable deduction to the time of filing a tax return, in much the same way as applies to deposits to individual retirement accounts (IRAs) and to certain pensions of self-employed persons (Keogh plans).]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000125&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Mon, 12 Feb 2001 00:00:00 EST</pubDate>
		
    </item>


    <item>
	<title><![CDATA[Private Pension Reform : An Issue in Waiting]]></title>
	<description><![CDATA[Senior Fellow Eugene Steuerle describes the forces for private pension reform.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000131&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Mon, 23 Oct 2000 00:00:00 EST</pubDate>
		
    </item>


    <item>
	<title><![CDATA[Taxing 'Bigness']]></title>
	<description><![CDATA[Senior Fellow Eugene Steuerle suggests that there are three major features of the U.S. multi-tiered tax structure that together reveal a fundamental distrust of "bigness:" (1) the graduated rate structure in the individual income tax; (2) the corporate income tax; and (3) the estate and gift tax.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000077&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Mon, 15 May 2000 00:00:00 EST</pubDate>
		
    </item>


    <item>
	<title><![CDATA[Will the Single Business Tax Catch On?]]></title>
	<description><![CDATA[Senior Fellow Eugene Steuerle considers the future of the single business tax--it could unwind only over a long period of time. He suggests that any expansion is likely to go hand-in-hand with a reduced reliance on other taxes. It could give states more elastic and stable tax sources. At the same time, it would raise new issues of tension across state boundaries, and it could even affect the federal government's own choices with respect to income and various forms of consumption taxes.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000181&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Mon, 23 Nov 1998 00:00:00 EST</pubDate>
		
    </item>


    <item>
	<title><![CDATA[Drafting Changes in Programs Based on the CPI]]></title>
	<description><![CDATA[Senior Fellow Eugene Steuerle reveals key issues ignored by the press in the current legislative debates over adjusting the Consumer Price Index.]]></description>
	<link>http://www.taxpolicycenter.org/publications/url.cfm?id=1000114&amp;RSSFeed=Corporate,_Business_Taxation.xml</link>
		<author>info@taxpolicycenter.org ( C. Eugene Steuerle)</author>
        <pubDate>Mon, 30 Dec 1996 00:00:00 EST</pubDate>
		
    </item>
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