This statement outlines the economic effects of certain features of the existing method of taxation of the foreign operations of the United States petroleum corporations. These tax provisions have allowed the American petroleum companies to largely avoid paying United States tax on their foreign...

In this paper we develop an analytical general equilibrium framework to measure the foreign exchange premium and the premium for non-tradable outlays for a country. The framework allows us to capture in a consistent manner the impacts of the sourcing of funds and their expenditure on tradable...