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Milken Institute February 2017
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Business Tax Reform, 'Something Big has to Give'
Eric Toder leads readers down the tortuous path of business tax reform, made even more circuitous by the rapid growth of enterprises (including those owned by President Trump) that pass through their taxable income to individuals. “The U.S. system for taxing business income has entered a zone of baroque complexity that defies efforts to sync it with both the way businesses are organized in the United States and the growing integration of the global economy,” Toder writes in the latest issue of the Milken Institute Review. “Something big has to give.”

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