Corporate tax reform in Canada is considered in relation to the recommendations made by the Carter Report twenty years ago. Carter's recommendations on corporate tax and integration is contrasted to the existing tax system and alternative corporate tax bases. Reform aimed at broadening the...

The effect of imperfect loss offsetting in corporate and personal tax law is analyzed. In a two-period model with technical uncertainty, the cost of capital is derived taking into account taxes, inflation and risk. Imperfect loss offsetting could raise the cost of capital and deter investment....

The internationalization of business activity has created significant pressures on national corporate tax systems. Rather than abandon the corporate tax field, this paper predicts that governments will develop arrangements to further globalize the corporate income tax. The paper assesses the...