01934cas a2200265 a 4500 AALejournalIMF018702 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484372548 1018-5941 BD-DhAAL BD-DhAAL Chalk, Nigel. The Tax Cuts and Jobs Act : An Appraisal / Nigel Chalk, Michael Keen, Victoria Perry. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (48 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper assesses the landmark Tax Cuts and Jobs Act (TCJA), from the perspective of both the U.S. itself and the wider world. The reform has many positive aspects including steps to broaden the base of, and reduce marginal rates under, the personal income tax (PIT), reduce distortions to investment and financing decisions, and mitigate outward profit shifting. But the TCJA has a large fiscal price tag and leaves significant uncertainty as to how the U.S. tax system will develop. The PIT changes could have better targeted relief at low earners, and there is scope to more fully address distortions in business taxation. The novel international provisions create a complex array of both positive and negative international spillovers, and have the potential to significantly reshape the wider international tax system. Mode of access: Internet Keen, Michael. Perry, Victoria. IMF Working Papers; Working Paper ; No. 2018/185 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/185/001.2018.issue-185-en.xml IMF e-Library