Title: NAFTA tax law and policy :
Authors: Cockfield, Arthur J.
Date: 2005
Publisher: University of Toronto Press,
Physical description: xvi, 249 pages ; 24 cm
Language: English
LC class: K
Abstract: "Under the North American Free Trade Agreement (NAFTA), Canada, the United States, and Mexico continue to maintain their own distinct tax regimes, jealously guarding their sovereign right to do so. At times, these different tax systems harm the economic welfare of the trade bloc by imposing barriers to cross-border flows of capital. In NAFTA Tax Law and Policy, Arthur J. Cockfield analyses these different tax systems and proposes a number of recommendations to reduce the harm caused by these barriers." "Cockfield argues that it is unrealistic to expect the NAFTA countries to negotiate comprehensive reform efforts such as full-fledged tax harmonization. Rather, a strategy of heightened multilateral tax coordination is the appropriate solution as it permits the countries to maintain national tax differences, while addressing many of the problems created by the interaction of the tax regimes."--BOOK JACKET.
Contents: Introduction -- The current regime -- Background issues -- The tax systems -- Tax coordination -- The economic stakes -- Taxes and cross-border investments -- The impact of U.S. dividend tax reform -- Sovereignty concerns -- Lessons from Europe -- E-commerce tax policy -- Developing an international tax policy for NAFTA -- Balancing economic and sovereignty interests -- Modeling NAFTA tax competition -- Recommendations -- Conclusion.
Notes: Significant revision of the author's thesis (S.J.D.--Stanford University, 1998) with title: International tax policy under NAFTA.