Dynamics of the British Multinational Enterprises and International Tax Regulation, 1914-1945

Ryo Izawa ()
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Ryo Izawa: Faculty of Economics, Shiga University

No 26, Discussion Papers CRR Discussion Paper Series A: General from Shiga University, Faculty of Economics,Center for Risk Research

Abstract: This study explores dynamics between formation of a tax system and its adaptation by enterprises over a period of time. In particular, the study examines the formation process of the British international tax system, focusing on business interest groups' political activities and British multinational enterprises' behaviour from 1914 to 1945. It is clarified that some business interest groups highly influenced the British international tax system. Political activities contributed to legislating Dominion Income Tax Relief in 1920 and concluding the UK-US tax treaty in 1945. However, the British government did not always welcome business interest groups' political activities. Inland Revenue and the Treasury were particularly reluctant to reduce tax revenue. Additionally, the governmental body always endeavoured to minimise tax relief's scope. In such a tax environment, British multinational enterprises changed corporate structures, locations, and/or domiciles in some cases. Furthermore, the British overseas engaged in tax planning, identical to contemporary multinationals' tax planning.

Keywords: Taxation history; International taxation; Business interest group; International business; Corporate political activity (search for similar items in EconPapers)
Pages: 16 pages
Date: 2017-08
New Economics Papers: this item is included in nep-his, nep-pbe and nep-pub
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Citations: View citations in EconPapers (1)

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https://www.econ.shiga-u.ac.jp/risk/DPA26Izawa20170831.pdf First version, 2017 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:shg:dpapea:26

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