The Biden administration's $2.3 trillion American Jobs Plan comes with a hefty price tag, which the president hopes to pay in part by introducing a 15% minimum tax on corporate book income. Predictably, policymakers from both sides of the aisle are sounding off, but the argument is more complicated and nuanced than partisan rhetoric. In this Kenan Insight, we outline the intricacies and implications of taxing book income.
Executive Director, Center for Sustainable Enterprise
Professor of the Practice, Strategy and Entrepreneurship
Assistant Professor of Strategy and Entrepreneurship, UNC Kenan-Flagler Business School
Gladys Hall Coates Distinguished Professor of Public Law and Government, UNC School of Government; Director, ncIMPACT Initiative
Research Fellow, Kenan Institute of Private Enterprise; Professor of the Practice, UNC Kenan-Flagler Business School
Hugh L. McColl, Jr. Distinguished Professor of Leadership and Organizational Behavior and Senior Associate Dean for Academic Affairs, UNC Kenan-Flagler Business School
Senior Associate Dean for Faculty and Research & Richard "Dick" Levin Distinguished Professor of Finance, UNC Kenan-Flagler Business School
Mann Family Distinguished Professor of Operations, UNC Kenan-Flagler Business School
As governments try to keep up with broadening economies and address new areas, such as climate change, data protection and artificial intelligence, the regulatory pace is increasing. This expansion creates new costs and requires increased business resiliency.
The Kenan Institute and UNC Kenan-Flagler Business School’s inaugural Conference on Market-Based Solutions for Reducing Wealth Inequality on June 1-2 highlighted research on market mechanisms that might also work to ameliorate inequality.
CEO, The Michael Thomas Group Inc.; former president, North Carolina Community College System
Ellison Distinguished Professor of Operations, Senior Associate Dean for Strategy and Academics, and Faculty Director of the Center for the Business of Health, UNC Kenan-Flagler Business School