| dc.description.abstract | The purpose of this research is to identify solutions for two problems inherent in current corporate tax policy, which are (1) the recent increase in corporate inversions, and (2) the stockpiling of cash overseas by U.S. domiciled multinational corporations. While lawmakers passed the 2004 tax repatriation holiday as an intended solution, it did not remedy the aforementioned problems. Thus, my research analyzes the 2004 holiday and its ultimate consequences. Further, I evaluate four alternatives that could provide solutions for these ongoing problems with corporate taxation. These alternatives included (1) maintaining the status quo, (2) enacting an additional tax holiday with strict guidelines and provisions, (3) converting to a territorial tax system, and (4) converting to a foreign minimum tax system. I conclude that a foreign minimum tax system would be the most effective solution to address the current problems and stimulate the U.S. economy. Overall, this research highlights the need to reform corporate tax policy to provide economic benefits for the United States. | |
