| Description |
1 online resource (xviii, 319 pages) : illustrations |
| Contents |
1. Introduction -- The US Role in the World Economy: Five Decades of Change -- Foreign-Owned Assets in the United States -- Internationalization of the US Economy -- The Rise of High Technology -- Headquarters for MNEs -- 2. Corporate Taxation -- Historical Background -- Incidence of the Corporate Income Tax -- Relevance to International Tax Issues -- 3. Traditional Tax Doctrine for Foreign Income -- Capital Export Neutrality -- National Neutrality -- Capital Import Neutrality -- Capital Export Neutrality and Capital Import Neutrality Theories in Tax Reality -- Capital Ownership Neutrality -- Revenue Considerations -- The Future Debate -- 4. Residence Taxation for Portfolio Investment Income -- The Rise of Portfolio Capital -- Applying Capital Export Neutrality Logic to Portfolio Income -- Residence-Only Taxation of Portfolio Income -- Cooperation Against Tax Avoidance -- OECD Project on Harmful Tax Competition -- The USA Patriot Act and Anti-Money Laundering Initiatives -- Recommendations -- 5. Multinational Firms in the World Economy -- Strategic Arguments -- A Model of Operating Profits and Headquarters Costs -- Restrictive Policies and National Prosperity -- Tax Policy Implications -- 6. Agenda for Modest Reform: A Territorial System -- The Territorial System -- Antiabuse Measures -- Tax Treaty Policy -- Revenue Implications -- App. A1. History of US Taxation of Foreign Income of US Corporations (Excluding Merchandise Export Income) -- App. A2. History of US Foreign Tax Credit Limitations -- App. A3. History of US Deferral of Current Taxation of Controlled Foreign Corporations -- App. A4. History of US Taxation of Merchandise Export Income -- App. A5. History of US Taxation of Foreign Corporations Doing Business in the United States -- App. A6. History of Source-of-Income Rules Prior to the Tax Reform Act of 1986 -- App. A7. Comparison of Source-of-Income Rules Before and After the Tax Reform Act of 1986 -- App. A8. Allocation-of-Expenses Rules -- App. A9. History of Rules for Intercompany Pricing Between US and Affiliated Foreign Corporations -- App. B. Methods for Reducing Corporate Income Taxes -- App. C1. A Simple Model of World Portfolio Capital Flows -- App. C2. Temporary Taxes on Portfolio Capital -- App. C3. Conditions for Reimbursement of the Backup Withholding Tax -- App. D. The Simple Economics of Imperfect Competition -- App. E. Electronic Commerce -- App. F. Revenue on Foreign Investment in the United States |
| Summary |
"Since 1992, new issues have arisen in international taxation--for example, taxation of electronic commerce, novel means of shielding passive income, the World Trade Organization (WTO) debate over the foreign sales corporation and subsequent passage of the American Jobs Creation Act of 2004, the problem of corporate inversions, and alleged "earnings stripping" by foreign-based multinational enterprises (MNEs) operating in the United States. In the meantime, US-based MNEs operating abroad have used a variety of methods to cut the effective US tax on repatriated foreign source income to around 2 percent. This revised study analyzes the impact of taxes on industry location and profit shifting using new panel econometric studies. It also discusses and evaluates new paradigms that have been suggested for the international tax system."--Amazon.com |
| Bibliography |
Includes bibliographical references and index |
| Notes |
English |
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Print version record |
| Subject |
Income tax -- United States -- Foreign income.
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Income tax -- Law and legislation -- United States
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Noncitizens -- Taxation -- Law and legislation -- United States
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Corporations, Foreign -- Taxation -- Law and legislation -- United States
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LAW -- Taxation.
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Noncitizens -- Taxation -- Law and legislation
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Corporations, Foreign -- Taxation -- Law and legislation
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Income tax -- Foreign income
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Income tax -- Law and legislation
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United States
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| Form |
Electronic book
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| Author |
Assa, Ariel.
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| LC no. |
2007029580 |
| ISBN |
9781435609235 |
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1435609239 |
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0881324051 |
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9780881324051 |
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1281061026 |
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9781281061027 |
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9786611061029 |
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6611061029 |
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0881324817 |
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9780881324815 |
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