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The article offers information on the panel discussion held at the16th Annual Tax Policy and Practice Symposium held on February 12-13, 2015 in Washington, D.C. which featured panelist several tax executives including Hank Gutman, Robin Beran and Eric Toder. Topics discussed include tax revenue sources and distribution of government spending in the U.S., the evaluated potential alternatives, replacements and enhancements to the corporate income tax and benefits of consumption taxation.