Moving to territoriality?
Subtitle: implications for the United States and the rest of the world
By: prepared by Peter Mullins.
Contributors: International Monetary Fund. Fiscal Affairs Dept.
Series: IMF working paper -- WP/06/161
Publisher: International Monetary Fund, Fiscal Affairs Dept.
Published: 2006
Place of publication: Washington, D.C
Language: eng
Number of pages: 27
Subjects: Corporations -- Taxation -- United States.; Investments, American.
Description: This paper reviews the tax policy debate in the United States on the move of the corporation tax from its present worldwide basis to a territorial basis, and considers the implications for the United States and the rest of the world. It finds that there is no clear view on whether the move would significantly benefit the United States. Such a move, however, could have significant implications for the rest of the world in terms foreign direct investment (FDI) from the United States, the intensity of tax competition, and tax revenues.
Notes: "June 2006."

Includes bibliographical references (p. 25-27).

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