The International Monetary Fund (IMF) has released a Staff Report prepared following discussions that ended on 16 June 2017 with U.S. officials on economic developments and policies. The report includes policy recommendations in several areas, including fiscal policy, monetary policy, tax reform, infrastructure, trade, and others. With respect to tax reform, the report includes the following:
Business tax. The U.S. corporate income tax could move to a rent tax (either a cash flow tax or an …