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

Peter Mullins

No 2006/161, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: WP; source income; source country; residence country; foreign tax credit; multinational company; tax system; Income tax; international tax; foreign direct investment; passive income; Personal income; Tax allowances; Corporate income tax; Corporate taxes; Global; Central America (search for similar items in EconPapers)
Pages: 29
Date: 2006-06-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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