Tax Policy Next to the Elephant: Business Tax Reform in the Wake of the US Tax Cuts and Jobs Act

US tax changes should trigger broader reform in Canada according to a new report from the C.D. Howe Institute.

In “Tax Policy Next to the Elephant: Business Tax Reform in the Wake of the US Tax Cuts and Jobs Act,” authors Kenneth McKenzie and Michael Smart argue US tax reform provides Canada an opportunity to make a bold move toward a corporate tax system that is grounded in sound tax policy principles, is less distortionary, promotes economic growth and prosperity, and restores Canada’s tax competitiveness.