McLure, Charles E. Jr.; Zodrow, George R. - In: National Tax Journal 51 (1998) n. 1, pp. 1-22
Since consumption-based direct taxes typically include a business-level cash flow tax (CFT), any foreign country considering such a tax system faces the risk that a CFT might not be eligible for foreign tax credits in the United States. In this paper, we present the economic case for granting...