CHAMPAIGN, Ill. — A repeat of a corporate tax holiday that found little success in stimulating the economy in 2005 is still a long-shot to jump-start a stagnant U.S. economy, says a University of Illinois expert in corporate and international taxation.
Dhammika Dharmapala, a professor of law at Illinois, says that while the idea of a tax holiday has found favor among some politicians and presidential hopefuls looking to jolt the country out of the financial doldrums, it would have little positive effect on economic growth.