Shareholder Tax Base Erosion: Challenges and Solutions

The article delves into the diminishing shareholder tax base impacting tax policy, citing a decline in taxable shareholders, attributed largely to foreign investors and retirement accounts. Experts from the Urban-Brookings Tax Policy Center, Steven Rosenthal and Livia Mucciolo, shed light on the complexities of taxing dividends and capital income, advocating for data transparency and suggesting remedies such as a withholding tax on corporate distributions to foreign investors.