Death and Taxes: An Analysis on Tax Reform Regarding Multinational Corporations
Open Access
Author:
Lynch, Sophia
Area of Honors:
Accounting
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
Samuel Burton Bonsall, IV, Thesis Supervisor Samuel Burton Bonsall, IV, Thesis Honors Advisor Shelley Lisa Curling, Faculty Reader
Keywords:
Accounting Corporate Tax Abuse Tax Avoidance Tax Cuts and Jobs Act Tax Reform
Abstract:
This paper will gain an understanding of the principles of tax havens and offshore centers that play a large role in corporate tax abuse, as well as the current U.S. tax code. Included will be examples of top Fortune 500 companies taking advantage of the tax laws in place and highlighting the tax abuse issues in the country. This paper will largely contain a literature review of the research in place, coupled with interpretation of the domestic and international tax laws that allow large multinational corporations to avoid tax liability. Included will be current legislation and proposals that address changes to tax policy to fix tax inequality. After analysis of the information, this paper will make conclusions about the state of corporate tax abuse in the United States and possible provisions for the future.
