SharedEconomicGrowth.org is a non-profit organization dedicated to educating the American public regarding the effects of the tax system on the economy and options for improvement. While the founders are corporate tax attorneys who are intimately familiar with the effects of tax on corporate investment decisions, we have decided to pursue this effort with our own time and funds rather than seeking corporate sponsorship. Why? Because this effort is for the benefit of society, not corporations. While the proposal would do wonders for the American economy, to some extent it would do so at the expense of the nations we compete against, which raises issues for a multinational corporation. Further, while the proposal would relieve corporations of the burden of the 35% corporate tax on a dollar of income, to obtain that benefit the corporation needs to pay the dollar out to its shareholders. The corporate animal, then, needs to "give up" a dollar to get 35 cents. Even with an enlightened CEO who is quite willing to do the right thing at some personal cost and who is intrigued by the potential value creation for the company and its shareholders and society, then, advocating such a proposal is problematic. It is a genuinely complex decision, and we do not expect many corporations to actively support the proposal. For us as American citizens and parents, on the other hand, it is a simple choice. Shared Economic Growth would keep our country strong for our children's generation, and so we support it.
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Matt Lykken graduated with honors from Harvard Law School in 1985 and has been working as a tax attorney for 22 years. He began his career with the Office of Chief Counsel, I.R.S., and for the last 18 years has worked as an international tax planner and tax department head living in the U.S. and abroad, working for both U.S. and foreign owned corporations. He has advised governments from Trinidad to newly post-communist Poland on the design of their tax systems, and has been a member of the core evaluation team for dozens of corporate investment decisions. He is intimately familiar with the negative effects of acquisitions of U.S. corporations by tax subsidized foreign rivals.
Laura Hunt graduated from the University of Illinois College of Law at Champaign in 1991 and received her M.B.A. from the University of Miami in 1987. She has worked for U.S. based multinationals in domestic and international tax planning and audit defense for 15 years.
Heléna Klumpp, a tax lawyer, has advised dozens of U.S.- and foreign-owned companies on worldwide transactions and tax planning strategies. A graduate of Georgetown University Law Center, Ms. Klumpp is currently employed as tax counsel for a Fortune 300 corporation. She has written extensively on tax policy issues, having recently served as editor of Tax Notes magazine, the leading news source for tax professionals and policymakers. Before working for Tax Analysts, publisher of Tax Notes, Ms. Klumpp spent nearly eight years working in the Washington, D.C. office of a large, multinational law firm. As the mother of two young children, Ms. Klumpp is passionate about leaving a sound national fiscal legacy for the next generation of Americans and views corporate tax reform as an essential step in that direction.
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You may contact us by sending an e-mail to: Contact@sharedeconomicgrowth.org
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