Implementing a BAT should bolster the competitiveness of US firms, eliminate the
existing incentive to keep profits offshore, and raise the revenue needed to fund a
substantial cut in the statutory corporate income tax rate (currently the highest in the Organisation for Economic Co-Operation and Development [OECD]-RRB-.
For the employer, the provision of profit sharing represents a
substantial tax benefit, an excellent new - hire
incentive and a productivity motivator for
existing employees.