Press Releases

Corporate Tax Reform for the New Innovation Economy

Washington, DC – The Information Technology and Innovation Foundation (ITIF) will host an event tomorrow at the Russell Senate Office Building to examine the need to reform the U.S. corporate tax code, based on a new ITIF report, Effective Corporate Tax Reform in the Global Innovation Economy.

“The U.S. corporate tax system is based on antiquated principles that while perhaps made sense a generation ago, are no longer applicable to today’s global economy,” said ITIF President Dr. Robert Atkinson. “The corporate tax code should explicitly promote the global competitiveness of American businesses and encourage innovation by providing incentives for the drivers of productivity and innovation in a way that is fiscally responsible and progressive.”

The discussion will outline a number of principles and recommendations that should guide corporate tax reform for the new 21st century global economy.

In addition to ITIF President Robert Atkinson, presenters include Robert Shapiro, Co-founder and Chairman Sonecon, LLC, and former undersecretary, U.S. Department of Commerce, and C. Fritz Foley, Associate Professor, Harvard Business School. Pete Engardio, Senior Writer for Business Week, will moderate the discussion.