美国工业的企业所得税及竞争力外文翻译.docVIP

毕 业 设 计（英文翻译） 译文内容 The Corporate Income Tax and the Competitiveness of U.S. Industries 美国工业的企业所得税及竞争力 译文出处 宾西法尼亚大学法学院 Mknoll@ /upenn_wps/ 系 别： 经济管理学院 专 业： 财务管理 班 级： 学生姓名： 刘会虎 学 号： 指导教师： 於流芳 The Corporate Income Tax and the Competitiveness of U.S. Industries Michael S. Knoll University of Pennsylvania Law School, mknoll@ I. Introduction The U.S. auto industry is on the ropes. It has come to Washington, DC, hat in hand, asking for a $35 billion bailout from the U.S. Congress. Without that support, industry spokesmen say that one or more of the Big 3 ?General Motors (GM), Ford and Chrysler ?might not make it through 2009. Many reasons are given for the U.S. auto industry抯 lack of competitiveness, including the U.S. tax system, especially the corporate income tax. In comparison with our trading partners, the U.S. statutory corporate tax rate is relatively high. Among the 30 members of the Organization for Cooperation and Development (OECD), the United States, with a corporate income tax rate of 35 percent, has the second highest statutory corporate tax rate. Only Japan imposes a higher corporate tax rate than does the United States. Not surprisingly, business interests have long sought lower corporate tax rates ?claiming that lower rates will improve U.S. competitiveness.They recently found a powerful and unexpected ally. Rep. Charles Rangel (D-NY), the chairman of the House Ways and Means Committee, has called for cutting the top corporate income tax rate from 35 percent to 28 percent.The reason he offers is to improve the competitiveness of U.S. Companies.And the incoming Obama Administration has signaled its openness to such a reduction. Although the argument that the high U.S. corporate income tax rate hurts competitiveness resonates around the country and across party lines, there seems to have been little serious attention devoted to understanding the mechanism through which the corporate income tax reduces the com