Webinar took place on Friday, July 15, 12:00-1:00 pm EDT.
Description
Minimum corporate income taxes are currently being debated as a way to generate tax revenue while preventing highly profitable companies from using tax loopholes to reduce their tax bills. In particular, a minimum tax based on income that corporations report on financial statements has been included in both the House and Senate versions of Build Back Better. Minimum taxes, such as a minimum tax on multinational corporations, are also being considered as part of tax changes codified in international agreements. Questions that will be addressed in this webinar include: Are minimum corporate income taxes efficient in general? What are the challenges with different approaches to imposing a minimum tax, both domestically and internationally? What are potential minimum tax alternatives that do not use financial statement income but can raise similar levels of revenue?
More about the Panelists:
Alan Auerbach, Robert D. Burch Professor of Economics and Law and Director, Burch Center for Tax Policy and Public Finance at University of California-Berkeley.
Michelle Hanlon, Howard W. Johnson Professor and Professor of Accounting at MIT Sloan School of Management.
Moderator Kent Smetters, Boettner Chair Professor of Business Economics and Public Policy and Director of the Penn Wharton Budget Model at the Wharton School of the University of Pennsylvania.