Fixing U. S. International Taxation
Publisher: Oxford University Press, Incorporated
Published: 2014
Language: eng
Number of pages: 224
ISBN-13: 9780199359752
Subjects: International business enterprises; Income tax, united states; Corporations, american; Corporation law, united states; Investments, foreign, taxation; Investments, foreign, law and legislation; Double taxation
Description: International tax rules, which determine how countries tax cross-border investment, are increasingly important with the rise of globalisation, but the modern US rules are widely recognised as dysfunctional. The existing debate is stuck in a sterile dialectic, in which ostensibly the only permissible choices are worldwide or residence-based taxation of US companies with the allowance of foreign tax credits, versus outright exemption of the companies' foreign source income. In this book, Shaviro explains why neither of these solutions addresses the fundamental problem at hand.