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Technology CEO Council Releases Economic Impact Study On Deferral Repeal
Jun. 8, 09
FEI Summary
The Technology CEO Council commissioned a report, on the economic impact of repealing deferral. The report, The Economic Benefits of Provisions Allowing U.S. Multinational Companies to Defer U.S. Corporate Tax on their Foreign Earnings and the Costs to the U.S. Economy of Repealing Deferral, by Robert Shapiro and Aparna Mathur, which was released June 8, reportedly found that repeal, or effective repeal, of subpart F deferral could reduce United States jobs by at least 159,000 and as much as 2.2 million.
They also conclude that repealing or sharply limiting deferral would not generate large tax revenues, since substantial job losses, wage cuts and lower investments would reduce tax revenues. Click these links for the press release and executive summary; a copy of the full report can be found here.
[print version]
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