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Authors

John Livingston

Abstract

Tax system integration is not a new concept, but it has recently received an increased amount of discussion in the tax community. As used in this article, tax integration describes the concept of unifying the corporate and individual tax systems in order to insure that corporate income is taxed only once. Congress and others in the tax community are again considering whether or not the United States should integrate these two tax systems. Whether to integrate is only the beginning of the debate. The determination of which detailed mechanism to be used to achieve integration is a significant decision with far-reaching effects and implications to the economy, the business community, and the government.

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