Scholarly Review

For this week's Honors Mentorship assignment, we were asked to review a scholarly article related to our mentorship.

Since my mentorship is Accounting, I went digging through Galileo to find something relevant and, most importantly, understandable. Let me just say, it wasn't exactly easy. 

I finally found the following article.

Article

By Matthew Gilleard, Graduate of the University of Nottingham, Corporate Tax Editor for International Tax Review.

It his article Gilleard, describes the trend of American businesses moving to foreign countries, notably Ireland. The businesses have been moving due to foreign countries' preferable tax codes compared to America's.

He goes to quote Donald Marron, director of the Tax Policy Center, saying this, "'America's tax system is a mess. It's needlessly complicated, economically harmful, and often unfair,'" (Gilleard). 

Ireland's tax system, as well as those of many other countries, is much simpler and cost a great deal less to companies. 

One need not wonder why the companies moved. 

I have experienced the disparity of the tax system for myself in my by observing the writing and filings of personal and corporate tax returns. It is truly unbelievable the way the systems works and how people work it. 

Gilleard ends his article saying that the American tax system is in dire need of reform, and I most certainly agree.

I thought Gilleard was very unbiased and unpersuasive, though, since he wasn't trying to persuade, this need not reflect poorly on his writing skill. I found what he said to be fair and true and goes to confirm conclusions about our tax system that I had already formed.

Source:

Gilleard, M. (2012). Eaton's move to ireland highlights need for US tax reform. International Tax Review, , n/a. Retrieved from http://search.proquest.com/docview/1032770596?accountid=11023