America First Tax Strategy

Position Statement
The Coalition for a Prosperous America fights for tax reform that supports rebalancing trade, rebuilding domestic supply chains, and penalizing the offshoring of production or profits.

Strategy Summary
Pro-American Tax Policies

CPA advocates changing our current international corporate tax system to sales factor apportionment because domestic companies should not be undercut by foreign and multinational corporations who can shift profits overseas to gain a tax advantage.
CPA supports shifting towards a goods and services tax, offset by reducing domestic taxes on production. Value added taxes give companies in foreign countries an unearned trade advantage. A US goods and services tax would help domestic production and reduce the trade deficit.
CPA supports tax incentives to spur new productive investment and employment as part of a broader strategy to re-shore or build industrial supply chains in the US. These incentives should be combined with assuring a strong market for domestic production here and protection from foreign trade predation.

working paper · October 21, 2020

Public Company Corporate Tax Under the TCJA and Sales Factor Apportionment

In this article, published in Tax Notes Federal on Sept 21, 2020, CPA Chief Economist Jeff Ferry and CPA Board Member Bill Parks analyze the...
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September 22, 2020

Why OECD is Now Center of Global Tax Debate

By David Morse The passage of the 2017 Tax Cut and Jobs Act (TCJA) lit the fuse for corporate tax reform that has been debated...
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op-ed · September 15, 2020

Trump and Biden ‘Made in America’ tax plans ignore the real problem

Smaller U.S. companies continue to pay a higher effective tax rate, stunting their growth and encouraging more offshoring by large multinationals The presidential election campaign...
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op-ed · May 06, 2020

Tax Avoiders Should Not Get Bailout Money

Editor's Note: David Morse is the tax policy director at the Coalition for a Prosperous America Education Fund. Right now, Washington is preoccupied with efforts to...
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April 17, 2020

Main Street Lending program

CPA is working to keep you up to date on the CARES Act lending programs. Here is additional information that may help your business regarding...
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April 06, 2020

Paycheck protection program update for CPA members

This is an update on the Paycheck Protection Program which is part of the Small Business Interruption Loan Program within the recently passed CARES Act. ...
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February 10, 2020

Facebook and IRS Prepare for $9 Billion U.S. Tax Court Fight

Editor's Note: Adopt Sales Factor Apportionment taxation and this tax litigation becomes irrelevant. Because internal profit shifting becomes irrelevant. Simply tax MNC global profit in proportion...
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September 30, 2019

Top 3 Tax Proposals by Democratic Candidates...and How They Affect Domestic Companies

After an initial review of the various 2020 Democratic presidential contenders’ tax proposals, the CPA tax committee noted a lack of progress on corporate tax...
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September 09, 2019

The Rise of Phantom FDI in Global Tax Havens

Editor’s note: The massive phantom foreign direct investment described in this article shows why CPA’s proposal for sales factor apportionment is needed for the US...
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September 09, 2019

More than third of foreign investment is multinationals dodging tax

Editors note: Another reason sales factor apportionment tax is needed. Capital flows for tax avoidance and profit shifting purposes should not exist. Tax profits based...
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