Reform of U.S. International Taxation : Alternatives

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

Examines and assesses current U.S. system for taxing overseas business, and explores possible revisions to the system, including possible move towards a pure territorial or residence-based tax syst...

Examines and assesses current U.S. system for taxing overseas business, and explores possible revisions to the system, including possible move towards a pure territorial or residence-based tax system. Explains tools used by economist to evaluate the neutrality, efficiency, and competitiveness of various tax systems, including capital export neutrality, capital import neutrality, national neutrality, and capital ownership neutrality. Discusses issues and policy options regarding tax havens, and summarizes general reforms of the corporate tax and implications for international tax treatment.

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