FOREIGN TAX CREDITS AND THE INTERNATIONAL INTERDEPENDANCE OF CORPORATE TAX POLICIES

Glenn Jenkins () and Antal Deutsch

No 1974-01, Development Discussion Papers from JDI Executive Programs

Abstract: This paper evaluates the degree to which the American tax treatment of foreign earned income neutralizes the incentive effects of change in Canadian corporation income tax policies. The value of the tax transfers that would take place between the United States and Canadian treasuries for various changes in Canadian tax policies are estimated by industry for 1968. From this analysis the general conclusion is that for most United States owned corporations operating in Canada a change in their effective Canadian corporation income tax rates will alter their effective U.S corporation income tax rates on this income in the opposite direction by an equal amount.

Keywords: foreign tax credits; Canadian Tax and Policy (search for similar items in EconPapers)
JEL-codes: H87 (search for similar items in EconPapers)
Pages: 26 pages
Date: 1974-09
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Citations: View citations in EconPapers (1)

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