How Tax Policy Shapes National Competitiveness: Can US Tax Reforms Keep Up with China?
Exploring the Impact of Tax Policies: Today, we delve into the dynamic relationship between tax policy and a nation’s competitiveness, focusing on the US and China. China’s attractive tax incentives are creating stiff competition, challenging America’s economic leadership.
Joining the discussion is Kyle Hulehan, along with Alex Muresianu, Senior Policy Analyst at the Tax Foundation. Together, they investigate how alterations to US corporate taxes, particularly the reintroduction of full expensing, can potentially sustain America’s competitive advantage. Full expensing enables businesses to immediately deduct the complete cost of investments such as technology, equipment, and infrastructure, thereby boosting worker productivity and job creation.
**Further Reading:**
- Leverage Tax Policies to Strengthen US Economic Standing Amid China’s Rising Competition See more
- Unveiling Supernormal Returns: Crucial Element in Tax Policy Discussions See more
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