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Moving to Territoriality? Implications for the United States and the Rest of the World

This paper reviews the tax policy debate in the United States on the move of the corporation tax from its present worldwide basis to a territorial basis, and considers the implications for the United States and the rest of the world. It finds that there is no clear view on whether the move would significantly benefit the United States. Such a move, however, could have significant implications for the rest of the world in terms foreign direct investment (FDI) from the United States, the intensity of tax competition, and tax revenues.
Year of publication:
2006-06-01
Authors: Mullins, Peter J.
Institutions: International Monetary Fund (IMF)
Subject: Foreign direct investment | Income taxes | Tax revenues | Tax systems | tax system | tax competition | tax rate | foreign tax | corporate tax | international tax | tax reform | corporate tax rate | tax policy | corporate tax rates | tax treaties | direct investment | foreign tax credit | tax countries | corporate taxpayers | foreign tax credits | national tax journal | tax journal | investors | rate of tax | tax sparing | international taxation | tax liability | corporate taxes | federal tax | amount of tax | domestic investment | corporate income tax | tax deduction | optimal taxation | tax treatment | foreign taxes | tax incentive | low-tax countries | foreign investment | domestic tax | corporate tax competition | tax revenue | home country | tax on capital | corporation tax | investment income | tax structure | tax rates of return | tax measure | international tax competition | tax changes | foreign companies | excess foreign tax credits | dividend payout | tax concessions | parent company | indirect taxes | rates of return | rate of return | low corporate tax rate | tax relief | tax purposes | capital exporting countries | multinational firms | tax avoidance | retained earnings | tax expenditures | tax coordination | export tax | tax authorities | foreign investors | tax planning | low-tax jurisdictions | tax regime | average rate of tax | local tax rate | corporate tax collections | internal revenue | dividend distortions | country taxation | corporate income taxes | tax collections | foreign investment income | optimal tax | reduction in corporate tax rates | tax benefits | flow of capital | foreign sales | tax reforms | tax profitability | income tax rates | high tax countries | personal income tax | tax return | indirect tax | tax compliance | corporate tax revenues | high tax rates | rate of investment | corporate tax revenue | domestic tax base | tax differences | multinational companies
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application/pdf
Series:
Type of publication: Book / Working Paper
Language: English
Notes:
The text is part of a series IMF Working Papers Number 06/161 2 pages long
Source:
Persistent link: https://www.econbiz.de/10005826556
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