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U.S. Treasury Working Paper on the Effect of a Cash Flow Tax

|Proposed Changes|United States
United States

The U.S. Treasury Office of Tax Analysis has published a working paper entitled What Would a Cash Flow Tax Look Like For U.S. Companies? Lessons from a Historical Panel. The paper presents a prototype destination basis cash flow tax to replace the existing corporate income tax to gain some insight into the potential consequences in the U.S., which is the type of destination-based consumption …

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