ACA statement for Senate Finance Committee
ACA, Inc. has submitted a written statement for the record of the Senate Finance Committee Hearing on July 22, 2014 on the current US system of international taxation. The hearing focused on the urgent need for the US corporate tax reform to lower the rate, broaden the tax base, modify corporate tax rules and move towards a territorial tax system.
US international tax law needs major reform not only for only for corporations, as underlined in several testimonies at the hearing, but also for individulas to allow them to more effectively compete with foreing counterparts. In its comments, ACA, Inc. emphasized the international dimension and devasting effects of personal income taxation of US individuals worldwide.