Fixing U.S. international taxation /
"International tax rules, which determine how countries tax cross-border investment, have become increasingly important in this era of globalization. The U.S. rules are widely recognized as even more dysfunctional than those in most other countries, and yet the debate about how to fix them rema...
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| Main Author: | |
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| Format: | Book |
| Language: | English |
| Published: |
Oxford, UK ; New York, NY :
Oxford University Press,
[2014]
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| Subjects: | |
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| Summary: | "International tax rules, which determine how countries tax cross-border investment, have become increasingly important in this era of globalization. The U.S. rules are widely recognized as even more dysfunctional than those in most other countries, and yet the debate about how to fix them remains a sterile dialectic. Ostensibly, the only permissible choices are residence-based worldwide taxation of U.S. companies with the allowance of foreign tax credits, and outright exemption of the companies' foreign source income. In Fixing U.S. International Taxation, Daniel N. Shaviro sets forth a new framework for understanding and reforming U.S. international tax rules, based on first principles freed from the stagnant existing dialogue. He shows that existing international tax policy frameworks are misguided insofar as they treat 'double taxation' and 'double non-taxation' as the key issues, conflate the distinct questions of what tax rate to impose on foreign source income and how to treat foreign taxes, and use simplistic single-bullet global welfare norms in lieu of a comprehensive analysis. Drawing on tools that are familiar to public economics and trade policy, but that have been under-utilized in the international tax realm, Shaviro offers a better analysis that not only reshapes our understanding of the underlying issues, but points the way to substantially improving the prevailing rules, both in the U.S. and around the world"--Unedited summary from book jacket |
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| Physical Description: | ix, 223 pages : illustrations ; 24 cm |
| Bibliography: | Includes bibliographical references (pages 203-213) and index |
| ISBN: | 9780199359752 019935975X |