Center Addresses Modernizing the Corporate Tax System on Capitol Hill

July 31, 2013

The Center for Financial Markets and Policy at Georgetown’s McDonough School of Business, in partnership with the Milken Institute, recently hosted a briefing on Capitol Hill about “Modernizing the U.S. Corporate Tax System and Implications for Financial Markets,” as part of the center’s Markets and the Hill Briefing Series (MATH).

The United States has the highest statutory corporate tax rate among all industrialized nations. While the effective tax rate is lower, many believe that the statutory rate should be reduced for the United States to remain competitive in modern global markets. The briefing addressed how modernizing the corporate tax system will impact financial markets.

The MATH Series provides an opportunity for senior congressional staffers to pose questions to experts from industry, government, and academia. For the corporate tax reform briefing, the panelists included Ross DeVol, chief research officer for the Milken Institute, and Jonathan Traub, managing principal at Deloitte Tax LLP. The discussion was moderated by Reena Aggarwal, professor of finance and Robert E. McDonough Professor of Business Administration at Georgetown McDonough. For more information about the monthly series, visit the Center for Financial Markets and Policy website and follow @GUFinPolicy.

-- Joan Lim