Rethinking the Corporate Tax Base: Why Full Expensing Cannot Justify an 80 Percent Rate
Main Facts A provocative upcoming paper in the Tax Law Review, titled “Taxation and Deglobalization” by prominent legal scholar Reuven Avi-Yonah, has ignited a fierce debate among economists and tax policy analysts. Avi-Yonah argues that if governments implement comprehensive structural reforms to the corporate tax base—specifically incorporating full expensing for capital investments and measures to…
