UPS CEO Abney: Support Comprehensive U.S. Tax Reform

UPS CEO Abney: Support Comprehensive U.S. Tax Reform

Assessment

Interactive Video

Business

University

Hard

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The transcript discusses the potential turning point in corporate tax reform in the US, highlighted by a recent decision involving Apple. UPS's stance on the matter is explored, emphasizing their support for comprehensive tax reform. They advocate for stability, a competitive tax rate of around 25%, and a territorial tax scheme to repatriate overseas profits. The need for a broader corporate tax base is also highlighted as essential for achieving these goals.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What recent event is suggested to be a turning point in corporate tax reform?

A statement by the Secretary of the Treasury

A new trade agreement

A new tax law passed by Congress

A decision by the Federal Reserve

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the proposed competitive corporate tax rate mentioned in the discussion?

30%

25%

20%

15%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of a territorial tax scheme according to the speaker?

It allows companies to avoid taxes completely

It enables companies to bring back profits from overseas

It increases the tax rate for foreign companies

It simplifies the tax filing process

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is required to achieve a competitive tax rate, as per the speaker?

A broader corporate tax base

A reduction in government spending

Higher taxes on small businesses

Increased tariffs on imports

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the speaker believe is necessary for working with the US government on tax reform?

Maintaining the current tax system

Implementing a flat tax rate

Changing fundamental aspects of the tax system

Increasing taxes on high-income individuals