Neither income, consumption, nor wealth is an "ideal" tax base, or one that plausibly identifies what one really should want to tax. Rather, they are best justified as imperfect stand-ins for some underlying (but unobservable) metric of inequality that may be relevant to distributive justice...

International restructuring is frequently a necessary element in global tax planning. Restructuring based on “arm's length” principles often involves transferring and paying for goodwill. Goodwill may be hard to identify and ephemeral, and presents difficult problem for accountants and tax...

The goals of transfer pricing are to assign a monetary value to a transfer and to minimize the taxes paid by a company as whole. However, because a single company can now have operations literally around the world, transfer pricing has become a very complicated, costly, and lucrative business...

In international business, competitiveness is the crux of success, which means every effort has to be made to reduce the cost of production and marketing. Every single penny saved matters a lot and adds to an exporter's global competitiveness. One such area that needs to be looked into is refund...

In the global business, competitiveness has become a buzzword and to achieve it every enterprise has been looking for the cost reduction methods in production and marketing of goods internationally. One of such element of on this account is getting the international VAT refunds from the foreign...

The debate about whether to abolish deferral or to adopt territoriality has been going on ever since the Kennedy Administration first proposed ending deferral in 1961. The problem is that neither side has factual support for their argument about whether the U.S. tax system, including Subpart F,...

Free zones have become increasingly popular as trade promotion policy instruments in developing countries. This article explains how the obligations in the WTO Agreement on Subsidies and Countervailing Measures apply to free zones. An analysis of the most common requirements for companies...

The Good Place is a new Netflix – series. A fantastic sitcom with Ted Danson in an impressive lead role as (Arch angel) Michael. In the series Eleanor Shellstrop (Kristen Bell) has died and ends up – by mistake – in the Good Place. Michael explains how it works. All actions of people are...

Global corporations confront ethical dilemmas that lead to increasingly contentious environments where corporations extend tax planning by availing of ambiguities and new devices such as tax havens emerging from a globalized economic system. Adopting a normative theory-based approach, the paper...