Shaviro talks about Decoding the U.S. Corporate Tax (AUDIO)
February 25, 2009
Daniel Shaviro, Wayne Perry Professor of Taxation, recently published a book, Decoding the U.S. Corporate Tax, that explores the complexities and imperfections of the current U.S. corporate tax system. Determining how to improve the current tax code, he argues, hinges on one's underlying assumptions about what the system actually is and does.
In an exclusive interview, Shaviro explains what the average American should know about corporate taxation, describes loopholes in the current system, proposes his own solutions, and forecasts what the Obama administration might do to rectify corporate tax issues. "Forcing a greater degree of conformity between financial accounting and taxable income," Shaviro says, "will really affect some of the games companies are able to play."