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This book undertakes a fundamental review of the existing international system of taxing business profit. It steps back from the current political debates on how to combat profit shifting and how taxing rights over the profits of the digitalized economy should be allocated. Instead, it starts from first principles to ask how we should evaluate a tax on business profit-and whether there is any good rationale for such a tax in the first place. It then goes on to evaluate the existing system and a number of alternatives that have been proposed. It argues that the existing system is fundamentally flawed, and that there is a need for radical reform. The key conclusion from the analysis is that there would be significant gains from a reform that moved the system towards taxing profit in the country in which a business made its sales to third parties. That conclusion informs two proposals that are put forward in detail and evaluated: the Residual Profit Allocation by Income (RPAI) and the Destination-based Cash Flow Tax (DBCFT).
The book is authored by group of economists and lawyers-the Oxford International Tax Group, chaired by Michael P. Devereux. It draws insights from both economics and law-including economic theory, empirical evidence on the impact of taxes, and an examination of practical issues of implementation-to assess the existing system and to consider fundamental reforms. This book will be useful to tax policy makers, tax professionals, academics, and anyone interested in tax policy.
Rezensionen / Stimmen
The ability for a lay reader to distil (however broadly) some essentials about current and future approaches to international tax indicates an impressive marshalling of arguments in this most labyrinthine of areas. * Tom Proverbs-Garbett, Law Society Gazette * The ideas contained in this book form important contributions to tax scholarship and are already shaping policy debates about the future of international tax cooperation. The book contains careful and detailed discussions of current and future reforms of the existing international tax system and of various alternatives proposed in the literature. * Laurens van Apeldoorn, Economics and Philosophy *
Sprache
Verlagsort
Zielgruppe
Produkt-Hinweis
Broschur/Paperback
Klebebindung
Maße
Höhe: 229 mm
Breite: 154 mm
Dicke: 23 mm
Gewicht
ISBN-13
978-0-19-880807-7 (9780198808077)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
Michael P. Devereux is Director of the Oxford University Centre for Business Taxation, Professor of Business Taxation at the Said Business School, University of Oxford and Professorial Fellow at Oriel College, Oxford.
Alan J. Auerbach is Robert D. Burch Professor of Economics and Law, and Director of the Burch Center for Tax Policy and Public Finance at the University of California, Berkeley.
Michael Keen is Deputy Director of the Fiscal Affairs Department of the International Monetary Fund.
Paul Oosterhuis is Of Counsel, International Tax in the Washington, DC office of Skadden, Arps, Slate, Meagher & Flom.
Wolfgang Schoen is the Managing Director of the Max Planck Institute for Tax Law and Public Finance in Munich and Honorary Professor at Munich University.
John Vella is Professor of Law at the University of Oxford, Assistant Director of the Oxford University Centre for Business Taxation, and a Fellow of Harris Manchester College, Oxford.
Autor*in
Director of the Oxford University Centre for Business Taxation and Professor of Business TaxationProfessor of Business Taxation and Director of the Oxford University Centre for Business Taxation
Robert D. Burch Professor of Economics and LawRobert D. Burch Professor of Economics and Law , University of California, Berkeley.
Deputy Director of the Fiscal Affairs DepartmentDeputy Director of the Fiscal Affairs Department, International Monetary Fund
Of CounselSenior International Tax Partner, Skadden, Arps, Slate, Meagher and Flom
Managing DirectorManaging Director, Max Planck Institute for Tax Law and Public Finance
Professor of LawProfessor of Law, University of Oxford
1: Introduction
2: Key issues in taxing profit
3: The current international tax system
4: Fundamental reform options
5: Basic choices in considering reform
6: Residual profit allocation by income
7: Destination-based cash flow taxation
