Tag: ‘international tax reform’

“Take me home, country road… To a fund (and a country), that’s not broke.”

By :: July 10th, 2015

Greece: “Ne” to new sales taxes and (maybe) tax reform. The beleaguered Greek government has offered a new reform plan in return for $55 billion in European Union bailout money—and it reportedly includes new sales taxes, new levies on cafes and restaurants (read: tourists) and possible tax reform, along with more spending and pension cuts. […]

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A Look at the Territorial Tax Systems in Four Countries Finds No Magic Bullets

By :: January 22nd, 2015

It is an article of faith among many tax reformers that the U.S. should shift from a worldwide tax system to a territorial regime in which U.S.-based multinational corporations pay U.S. tax only on their domestic income.  Such a step would reduce or eliminate tax on the dividends these firms receive from their foreign affiliates. […]

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A Repatriation Tax Holiday for US Multinationals? Four Contagious Illusions

By :: December 10th, 2014

U.S.-based multinationals hold $2.1 trillion in foreign cash and insist that the only way they can feasibly bring that money back home is if Congress grants them a tax holiday—an idea that even President Obama now appears to support. But the argument they (and the President) are making for a holiday is based on a […]

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As American as Apple Inc.

By :: March 18th, 2014

Are large U.S. multinationals largely U.S. owned? To hear some of the arguments for retaining or enhancing the tax benefits that these companies enjoy, you’d think this was a given. Think again. Quirks in the tax laws essentially provide large U.S. multinationals like Apple, Google, and Cisco with a kind of turbo-charged Individual Retirement Account […]

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Is Corporate Tax Reform Realistic?

By :: May 19th, 2011

This morning, a panel of veteran international tax experts tried to put the U.S. struggle to fix its corporate tax system in broader perspective. Unfortunately, they concluded that the U.S. is lagging well behind the rest of the world in corporate reform and, worse, the odds of any serious progress anytime soon are slim. The […]

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