Press release: “Today the Treasury Department released a comprehensive study addressing business taxation and global competitiveness that is a follow-up to the July conference with business leaders, economists, and policy makers about this important issue. This report, Approaches to Improve the Competitiveness of the U.S. Business Tax System for the 21st Century (121 pages, PDF), outlines several broad approaches to business tax reform. The study also outlines specific business tax areas that can be addressed. There are no policy recommendations in this study.”