The report below is a chapter from the book, " Tackling the tax code: Efficient and equitable ways to raise revenue. Despite the substantial revenue potential of corporate taxation, the United States currently collects about the lowest corporate revenue only 1 percent of U. GDP among the advanced economies. Several structural shortcomings of the corporate tax code—widely varying tax rates on different types of investment, insufficient support for research and development, and other weaknesses—limit its efficiency and progressivity. Jason Furman of Harvard University and the Peterson Institute for International Economics proposes several reforms to the corporate tax code. The authors did not receive financial support from any firm or person for this article or from any firm or person with a financial or political interest in this article.
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