Last edited by Dugar
Thursday, July 23, 2020 | History

2 edition of Tax policy and the activities of multinational corporations found in the catalog.

Tax policy and the activities of multinational corporations

Hines, James R.

Tax policy and the activities of multinational corporations

by Hines, James R.

  • 101 Want to read
  • 6 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • International business enterprises -- Taxation.,
  • Taxation -- Economic aspects.

  • Edition Notes

    StatementJames R. Hines, Jr.
    SeriesNBER working paper series -- working paper no. 5589, Working paper series (National Bureau of Economic Research) -- working paper no. 5589.
    ContributionsNational Bureau of Economic Research.
    The Physical Object
    Pagination43, [11] p. ;
    Number of Pages43
    ID Numbers
    Open LibraryOL22413114M

    Improving Lives Through Smart Tax Policy. We have created an interactive map which tracks U.S. multinational corporations’ reported foreign taxable income, taxes paid, and average tax rate from to in over 90 countries using all available IRS data from Form   “Tax abuse by multinational corporations increases the tax burden on other taxpayers, violates the corporations’ civic obligations, robs developed and developing countries of critical.

      Finally, in a sample of multinational corporations only, I find that higher levels of U.S. pre-tax income are associated with lower U.S. and foreign ETRs, while higher levels of foreign pre-tax income are associated with higher U.S. and foreign ETRs. Thus, large amounts of foreign income are associated with higher corporate tax burdens. MNEs and institutional development in different regions of emerging economies (Peng et al., ). In case of China, a key feature of development of market economy has been the growth of open.

    tax law changes, we recommend that businesses take proactive measures now to plan for the changes that are likely to occur if tax reform efforts are successful. In order to engage in proactive planning for tax reform, U.S.-based multinational corporations (MNCs) have a unique set of considerations.   Why would any multinational corporation pay America’s 21 percent tax rate when it could pay the new “global minimum” rate of percent on profits shifted to tax .


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Tax policy and the activities of multinational corporations by Hines, James R. Download PDF EPUB FB2

Tax Policy and the Activities of Multinational Corporations James R. Hines, Jr. NBER Working Paper No. Issued in May NBER Program(s):International Trade and Investment, Public Economics This paper reviews quantitative studies of the impact of international tax rules on the financial and real behavior of multinational by: Get this from a library.

Tax policy and the activities of multinational Tax policy and the activities of multinational corporations book. [James R Hines; National Bureau of Economic Research.] -- Abstract: This paper reviews quantitative studies of the impact of international tax rules on the financial and real behavior of multinational firms.

The evidence, much of it recent, indicates that. Despite enactment of the Tax Cuts and Jobs Act, which reduced these incentives, current rules still encourage US multinational firms to earn and report profits in low-tax foreign countries, enable both US- and foreign-based firms to shift profits earned in the United States to other countries, and encourage companies to incorporate in.

Downloadable. This paper reviews quantitative studies of the impact of international tax rules on the financial and real behavior of multinational firms. The evidence, much of it recent, indicates that taxation significantly influences foreign direct investment, corporate borrowing, transfer pricing, dividend and royalty payments, R&D activity, exports, bribe payments, and location choices.

“Lessons the United States Can Learn from Other Countries’ Territorial Systems for Taxing Income of Multinational Corporations.” Washington, DC: Urban-Brookings Tax Policy Center.

Clausing, Kimberly A. "Profit Shifting Before and After the Tax Cuts and Jobs Act." Janu Dharmapala, Dhammika. The current systems used by most countries tax foreign affiliates of a multinational corporation as if they were separate entities, even if the affiliates have common ownership.

Each affiliate pays corporate income tax to the source country where it produces goods and services on the income generated by those activities.

A. Despite enactment of the Tax Cuts and Jobs Act, which reduced these incentives, current rules still encourage US multinational firms to earn and report profits in low-tax foreign countries, enable both US- and foreign-based firms to shift profits earned in the United States to other countries, and encourage companies to incorporate in foreign jurisdictions.

The new tax law, however, departs from territorial taxation in its treatment of intangible profits, which represent the bulk of profits for some of the largest US multinational corporations. Because TCJA eliminated the tax on repatriated dividends, it increased the rewards for income shifting: profits now not only accrue tax-free overseas, but.

The recent debate about tax avoidance by multinational firms like Amazon or Starbucks has brought corporate taxation to the top of the international policy agenda. The taxation of multinational companies is a challenging and complex issue – countries want to make sure that corporations bear a fair part of the overall tax burden, but they also.

Finally, in a sample of multinational corporations only, I find that higher levels of U.S. pre‐tax income are associated with lower U.S. and foreign ETRs, while higher levels of foreign pre‐tax income are associated with higher U.S.

and foreign ETRs. Thus, large amounts of foreign income are associated with higher corporate tax burdens. The OECD estimates that 4 to 10 per cent of global corporate tax revenues are lost due to avoidance and evasion practices by firms. Yet, the reforms undertaken in recent years are insufficient to eliminate tax avoidance by multinational corporations.

The growing worldwide importance of international business activities has in recent years lead to serious reexaminations of the ways that governments tax multinational corporations.

In the United States, much of the debate concerns the competitive positions of. Over the past 30 years, many countries have moved away from “worldwide” tax systems that tax their domestic corporations’ worldwide profits. Instead, many countries have what is called a “territorial” tax system.

A territorial tax system generally allows corporations to deduct or exclude the majority of dividends received from their foreign operations. Currently, 91 countries. As another ITEP report explains, this provision would, in the long-run, reduce taxes for American multinational corporations by hundreds of billions of dollars.; Institute on Taxation and Economic Policy, “Multinational Corporations Would Receive $ Billion in Tax Breaks from Congressional Repatriation Proposal,” Decem The Tax Foundation is the nation’s leading independent tax policy nonprofit.

Sinceour principled research, insightful analysis, and engaged experts have informed smarter tax policy at the federal, state, and global levels. What are the advantages of multinational corporations.

Corporations that move resources, goods, services, and skills across national boundaries without regard to the country in which their headquarters are located are multinational are so rich and have so many employees that they resemble small countries.

It is more than 40 years since Joseph Nye, the American political scientist, wrote his seminal article on multinational corporations for Foreign Affairs, the journal on international politics produced by the US Council on Foreign ’s article, ‘Multinationals: The Games and the Rules: Multinational Corporations in World Politics’, was addressing what at the time was a growing.

Multinational corporations may have a difficult time coordinating activities in a globalized economy. A company that operates in America, Japan and Europe, for example, will need to hire employees who speak many different languages, and it may be difficult for that company to make sure all employees are on the same page when only a few of them speak the same language.

Susan George, the author of the report’s first article entitled ‘State of Corporations’, highlights the influence of corporate lobbying activities over policy decisions at the EU and in the US, as well as a $ trillion a year shift in incomes away from European workers and.

Abstract. This article outlines seven tax-avoidance techniques used by multinational corporations (MNCs) and the government policies that enable them, followed by a discussion of ethics and corporate responsibility.

Tax repatriation refers to the tax imposed by the U.S. on the return of money that multinational corporations make overseas. Before the Tax Cuts and Jobs Act, the IRS required corporations to pay taxes on all domestic and foreign income.

However, companies were not required to pay taxes on their foreign earnings until that money was repatriated, or returned, to the U.S.The tax rules of the United States and other countries have intended and unintended effects on the operations of multinational corporations, influencing everything from the formation and allocation of capital to competitive strategies.

The growing importance of international business has led economists to reconsider whether current systems of taxing international income are viable in a world.Digital Services Tax.

Our Center for Global Tax Policy provides leading analysis of country and international proposals to tax revenues from certain digital activities of multinational corporations. As several European countries continue to work towards implementing digital services taxes (DSTs), the uncertainty for the firms affected by these taxes will continue to rise.