Moving to Territoriality? Implications for the United States and the Rest of the World
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
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.
Series:
Working Paper No. 2006/161
Subject:
Balance of payments Corporate income tax Corporate taxes Foreign direct investment National accounts Personal income Tax allowances Taxes
English
Publication Date:
June 1, 2006
ISBN/ISSN:
9781451864212/1018-5941
Stock No:
WPIEA2006161
Pages:
29
Please address any questions about this title to publications@imf.org