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To put it in simple terms, Canada’s corporate income tax is a mess. It discourages capital investment most heavily in … investment and reduce distortions in the business tax system. There are some major revenue- neutral reforms that could improve … without a reduction in corporate tax revenues.A distributed profits approach means profits from investment activities would …
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This paper employs unique data on export transactions and corporate tax returns of UK multinational firms and finds that firms manipulate their transfer prices to shift profits to lower-taxed destinations. It uncovers three new findings on tax-motivated transfer mispricing in real goods. First,...
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