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Senator Kerry on Corporate Tax Reform: Right Diagnosis, Wrong Prescription

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  • Gary Clyde Hufbauer

    (Peterson Institute for International Economics)

  • Paul L. E. Grieco

    (Peterson Institute for International Economics)

Abstract

Senator John Kerry has proposed a major overhaul in corporate taxation, with the goal of persuading multinational companies (MNCs) to employ more workers at home and fewer abroad. Kerry has correctly emphasized that domestic production is often taxed at a higher rate than production abroad, but his prescriptions will not boost US jobs.

Suggested Citation

  • Gary Clyde Hufbauer & Paul L. E. Grieco, 2004. "Senator Kerry on Corporate Tax Reform: Right Diagnosis, Wrong Prescription," Policy Briefs PB04-03, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb04-03
    as

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    File URL: https://www.piie.com/publications/policy-briefs/senator-kerry-corporate-tax-reform-right-diagnosis-wrong-prescription
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    References listed on IDEAS

    as
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    2. Gary Clyde Hufbauer, 2002. "The Foreign Sales Corporation: Reaching the Last Act?," Policy Briefs PB02-10, Peterson Institute for International Economics.
    3. Altshuler, Rosanne & Grubert, Harry, 2003. "Repatriation taxes, repatriation strategies and multinational financial policy," Journal of Public Economics, Elsevier, vol. 87(1), pages 73-107, January.
    4. Jack H. Mutti, 2003. "Foreign Direct Investment and Tax Competition," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 355, April.
    5. Robert E. Lipsey & Eric D. Ramstetter & Magnus Blomstrom, 2000. "Outward FDI and Parent Exports and Employment: Japan, the United States, and Sweden," NBER Working Papers 7623, National Bureau of Economic Research, Inc.
    6. Gary Clyde Hufbauer & Ariel Assa, 2003. "Rules Against Earnings Stripping: Wrong Answer to Corporate Inversions," Policy Briefs PB03-07, Peterson Institute for International Economics.
    7. Edward M. Graham, 2000. "Fighting the Wrong Enemy: Antiglobal Activists and Multinational Enterprises," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 91, April.
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    Cited by:

    1. Felix Rioja & Keith E. Maskus, 2004. "Taxation Issues in The Jamaican External Trade Sector," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0429, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.

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