The Progressive Tax Reform You’ve Never Heard Of

Put simply, if Congress were to adopt a territorial system to tax only U.S.-originated revenue without addressing profit shifting, corporations would continue to artificially book income in tax havens. Tax revenue would continue to plummet. There is a remedy that fixes profit shifting, adopts a territorial tax, and solidifies tax revenue, by adapting a variation of the corporate tax system already used at the state level.
Read more: http://prospect.org/article/progressive-tax-reform-you%E2%80%99ve-never-heard-0?source=Snapzu