Tax Reforms

Tax Reforms

Introduction

Taxation system of any country can have both the positive and the negative impact on the business and the personal incomes. A taxation system can also either attract the investors or enable them to pull out there investment from a country to another. There are different types of taxes that are imposed in different sectors of the economy for example indirect taxes on the people income, sales tax on different consumable products, capital gains tax and corporate tax on the income of the earnings of from the businesses running in the economy. The report will provide an analysis of the tax regulation methods used by the firms in the best possible manner to find a method that have positive impact on the business financially. It will also help in analyzing positive and the negative impacts on the US economy and the US firms if the tax liabilities are not fulfilled. Thus the report will help in conducting an organizational tax research and different planning measures taken by the firms to help the company secure its profit from paying too many taxes.

Discussion

All over the world firms try to avoid paying the lesser amounts of taxes on the amount of profits it earns. The governments on the other hand try to put as much tax burden on the larger firms as possible because it is through these taxes the economic system of the country runs successfully. Corporate Taxes are the taxes that are imposed on the firms that are either running their operations domestically or in the other countries as well. During last few years America is one of the countries that have been able to attract the investors from all over the world to operate its business in the country. There are several ways that can be adopted in order ...