Moving to Territoriality? Implications for the United States and the Rest of the World
June 1, 2006
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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
Pages:
29
Volume:
2006
DOI:
Issue:
161
Series:
Working Paper No. 2006/161
Stock No:
WPIEA2006161
ISBN:
9781451864212
ISSN:
1018-5941
