The proposed acquisitions by Pfizer, Omnicom and GE have focused government attention on the counter productive system we now have for taxing foreign profits of US corporations.
Bob Pozen will explain the tax strategies being pursued by these US companies and evaluate possible legislative reforms to the current US tax system for foreign profits.
With a new chairman in the US Senate Finance Committee, the stubborn issue of tax reform is coming back to the forefront. In addition to cuts in the US corporate tax rate, many want to encourage repatriation of the $2 trillion in foreign profits of US multinationals “locked out” because of US tax rules. However, the bipartisan popularity of existing tax preferences and widespread concerns over hurting American competitiveness make corporate tax reform a formidable challenge for Congress.
Join ASP Tuesday, May 13th as we host Bob Pozen for an informative discussion about corporate tax reform, as well as the many fiscal and political obstacles facing it. Mr. Pozen will present his unique strategy for a new corporate tax regime that could end up benefiting governments and US corporations alike. Much of the discussion will revolve around Bob Pozen’s February article in The Wall Street Journal, “A Better Path to Corporate Tax Reform.”
The event will take place at:
The American Security Project
1100 New York Ave, NW Washington DC
Seventh Floor, West Tower
The event will begin promptly at 8:30AM.
Breakfast light refreshments will be served at 8:00- 830am. We hope to see you there!
Robert C. Pozen is an accomplished Senior Lecturer at the Harvard Business School and Senior Research Fellow at the Brookings Institution. He has served as chairman for MFS Investment Management® and the SEC’s advisory committee on improving financial reporting, while also serving as Secretary of Economic Affairs for Massachusetts Governor Mitt Romney in 2003. Mr. Pozen has been widely published in The Wall Street Journal, The Washington Post, The New York Times, and Financial Times.
ABOUT THE AMERICAN SECURITY PROJECT
The American Security Project is a non-profit, non-partisan public policy and research organization dedicated to fostering knowledge and understanding of a range of national security issues, promoting debate about the appropriate use of American power, and cultivating strategic responses to 21st century challenges. For more information, visit www.americansecurityproject.org.