IMF Working Papers

Moving to Territoriality? Implications for the United States and the Rest of the World

By Peter J. Mullins

June 1, 2006

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Peter J. Mullins Moving to Territoriality? Implications for the United States and the Rest of the World, (USA: International Monetary Fund, 2006) accessed November 8, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Balance of payments, Corporate income tax, Corporate taxes, Foreign direct investment, National accounts, Personal income, Tax allowances, Taxes

Keywords: Central America, Corporate income tax, Corporate taxes, Foreign direct investment, Foreign tax credit, Global, Income tax, International tax, Multinational company, Passive income, Personal income, Residence country, Source country, Source income, Tax allowances, Tax system, WP

Publication Details

  • Pages:

    29

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2006/161

  • Stock No:

    WPIEA2006161

  • ISBN:

    9781451864212

  • ISSN:

    1018-5941

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