Michael C. Durst (Steptoe & Johnson, Washington, D.C.) has published Building on Wyden-Coats: Making International Tax Reform Possible, 131 Tax Notes 741 (May 16, 2011):

Durst praises the recently introduced Wyden-Coats reform proposal, but he suggests ways it might be enhanced to increase the likelihood of enactment, particularly regarding its international provisions. In particular, Durst recommends further reducing the plan’s proposed 24% corporate rate to 20% to ensure the elimination of corporate income shifting to tax havens. Durst suggests recovering the revenue cost of the reduced corporate rate through additional measures that will further increase the progressivity of the individual income tax but will not require an increase to the 35% maximum individual rate.

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