In international tax, ... A multinational can save hundreds of millions of dollars in tax by "selling" foreign rights to its intellectual property (IP) to a wholly-owned subsidiary in a tax haven. The key to success for a multinational is getting...
I was wrong. I thought that The Organisation for Economic Co-operation and Development (OECD) had shrugged off its cautious, conservative tendencies with the issuance of its February 12 report entitled "Base Erosion and Profit Shifting ." After...
... In the current debate about international tax reform... [t]here are several proposals now being floated (including one in the President's budget ( Treasury "General Explanation" of FY 2013 Budget, p. 88 ) and Options A and C of Ways...
In recent years U.S. multinationals have restructured themselves in a manner that allows them to greatly reduce their worldwide tax bill. This restructuring has been described in detail by the OECD andil and by the Joint Committee on Taxation . In a March...
... In modern Dodge City local businesses try to profit from the city's historic past. But in 2012 Kansas Governor Sam Brownback wanted to lower the states income tax rate, and repeal of the state's historic preservation tax credit was one his...
In the United Kingdom a great debate is taking place about aggressive tax avoidance. On one side, David Cameron, the Conservative prime minister, says it is immoral . On the other side, most executives say they have a duty to their shareholders, and most...
European finance ministers ("finance minister" is equivalent to our Treasury Secretary) voted on January 22 to move forward with a plan to tax trades of stock, bonds, and other financial instruments. As a result a financial transactions tax...