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Topic:   Corporate, Business Taxation

1-10 of 91     Back to Topics Next>>


Lessons the United States Can Learn From Other Countries' Territorial Systems for Taxing Income of Multinational Corporations (Research Report)
Rosanne AltshulerStephen ShayEric Toder

The United States has a worldwide system that taxes the dividends its resident multinational corporations receive from their foreign affiliates, while most other countries have territorial systems that exempt these dividends. This report examines the experience of four countries – two with long-standing territorial systems and two that have recently eliminated taxation of repatriated dividends. We find that the reasons for maintaining or introducing dividend exemption systems varied greatly among them and do not necessarily apply to the United States. Moreover, classification of tax systems as worldwide or territorial does not adequately capture differences in how countries tax foreign-source income.

Published: 01/21/15
Availability:   PDF | Order this title online at Hopkins Fulfillment Services


Changes in Income Reported on Federal Tax Returns (Article/Tax Facts)
Roberton WilliamsLydia Austin

The composition of reported income has changed markedly since 1952. Investment income has continued to grow, along with business income, interrupted only by periodic economic downturns. Meanwhile, salaries and wages have declined as a share of income.

Published: 01/07/15
Availability:   PDF


Professor Shay Got It Right: Treasury Can Slow Inversions (Article/Tax Notes Viewpoints)
Steven Rosenthal

In a recent Tax Notes article, Shay argued that Treasury could write regulations to reduce the tax incentives for U.S. corporations to expatriate. Rosenthal agrees with Shay and analyzes the legal support for regulations under section 385.

Published: 09/30/14
Availability:   PDF


Flow-Through Business Income as a Share of AGI (Article/Tax Facts)
Joseph Rosenberg

This Tax Fact documents the increasing share of flow-through business income as a percentage of adjusted gross income (AGI) reported on individual income tax returns. In 2012, net income from sole proprietorships, partnerships, and S corporations totaled nearly $840 billion and accounted for more than 9 percent of total AGI.

Published: 09/29/14
Availability:   PDF


Corporate Inversions (Research Report)
Kimberly A. Clausing

Recently, there has been a spate of corporate inversions, where U.S. multinational corporations have combined with foreign companies, arranging their corporate structure to locate the residence of the resulting corporation in a foreign country with an attractive corporate tax climate. This paper will discuss both the longstanding features of the U.S. tax system that provide incentives for corporate inversions and the reasons for the present surge in inversions. If unfettered, corporate inversions are likely to undermine the U.S. tax base, so swift policy action is likely warranted. Inversions can be effectively addressed in a targeted fashion.

Published: 08/20/14
Availability: HTML | PDF


Corporate Tax is Broken and Needs Major Surgery (Commentary)
Eric ToderAlan Viard

In a contribution to the Wall Street Journal’s MarketWatch Inc., Eric Toder and Alan Viard argue that recent highly publicized tax avoidance transactions by U.S. corporations reflect basic flaws in how we tax the income of multinational corporations, and that proposed reforms that maintain current definitions of corporate residence and source won’t fix the underlying problems. They propose two fundamental structural reforms – seeking international agreement on rules for allocating the income of multinational corporations among countries, or scrapping the U.S. corporate income tax entirely and replacing it with taxation at ordinary income rates of dividends and accrued gains of U.S. resident shareholders.

Published: 08/06/14
Availability: HTML


How To Stop Corporations From Fleeing U.S. Tax Laws (Commentary)
Eric Toder

In a contribution to The Wall Street Journal's MarketWatch, Eric Toder explains why corporations expatriate from the United States and argues that they will continue to do so until Congress addresses the fundamental flaws in the corporate income tax. He then provides some possible solutions to end the erosion of the U.S. corporate tax base.

Published: 07/28/14
Availability: HTML


Analysis of Specific Tax Provisions in President Obama's FY2015 Budget (Research Report)
Elaine MaagJim NunnsEric ToderRoberton Williams

This document reviews several notable tax proposals in President Obama’s fiscal year 2015 Budget. These include expanding the earned income tax credit (EITC) for workers without qualifying children, expanding the child and dependent care tax credit for families with young children, conforming rules for self-employment contributions act (SECA) taxes for professional service businesses, and changing business taxes to create a reserve to fund long-run revenue-neutral business tax reform.

Published: 06/30/14
Availability:   PDF


Review of Conference on What the United States Can Learn From the Experience of Countries with Territorial Tax Systems (Research Report)
Eric Toder

On February 28, 2014, the Urban Institute hosted an invitational conference on what policymakers in the United States can learn from the experience of other countries with territorial systems for taxing the income of their multinational corporations. Participants included academic experts, government officials, and private sector tax practitioners from the United States and overseas. The discussion focused on the experience of four countries – two (Australia and Germany) with long-standing territorial systems and two (Japan and the United Kingdom) that moved to a territorial system recently. This document summarizes the discussion at the conference.

Published: 06/17/14
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Major Surgery Needed: A Call for Structural Reform of the US Corporate Income Tax (Research Report)
Eric ToderAlan Viard

A corporate income tax can play a useful role by preventing shareholders from deferring tax on retained corporate profits. The current U.S. corporate income tax is deeply flawed, however, because it relies on definitions of corporate residence and income sourcing that corporations can easily manipulate, causing economic distortions and erosion of the corporate tax base. Two structural reform options to address these problems are securing international agreement on better ways to allocate the corporate tax base among countries and replacing the corporate income tax with full taxation of American shareholders' dividends and accrued capital gains on stock in publicly traded companies.

Published: 04/04/14
Availability: HTML | PDF

1-10 of 91     Back to Topics Next>>