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  • Fixing U.S. International Taxation

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Fixing U.S. International Taxation

5.0 out of 5 stars (1)

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International tax rules, which determine how countries tax cross-border investment, are increasingly important with the rise of globalization, but the modern U.S. rules, even more than those in most other countries, are widely recognized as dysfunctional. The existing debate over how to reform the U.S. tax rules is stuck in a sterile dialectic, in which ostensibly the only permissible choices are worldwide or residence-based taxation of U.S. companies with the allowance of foreign tax credits, versus outright exemption of the companies' foreign source income.

In
Fixing U.S. International Taxation, Daniel N. Shaviro explains why neither of these solutions addresses the fundamental problem at hand, and he proposes a new reformulation of the existing framework from first principles. He shows that existing international tax policy frameworks are misguided insofar as they treat "double taxation" and "double non-taxation" as the key issues, conflate the distinct questions of what tax rate to impose on foreign source income and how to treat foreign taxes, and use simplistic single-bullet global welfare norms in lieu of a comprehensive analysis.

Drawing on tools that are familiar from public economics and trade policy, but that have been under-utilized in the international tax realm, Shaviro offers a better analysis that not only reshapes our understanding of the underlying issues, but might point the way to substantially improving the prevailing rules, both in the U.S. and around the world.

Editorial Reviews

Review

"Through Fixing U.S. International Taxation, Daniel Shaviro has undertaken a thorough reconceptualization of the United States' approach to international tax law and policy. Shaviro proposes a complete reformulation in the hope of reshaping the treatment of foreign taxes and the determination of tax rates on foreign source income." -Jim Chen, Jurisdynamics

"The true value comes from Shaviro's proposals and ideas. The subject matter is unavoidably complex, but he strives to boil down the material to the stuff that helps us achieve the task assigned in the title of the book. His explanations are clearly developed and rational so that readers with only a minimal background in international tax can follow even the most difficult issues. Unlike so much that is written on international tax, there is no ostensible pro- or anti-business slant and no political bias If you are striving for a true understanding of the issues involved in this historic transformation, you are lucky Shaviro wrote this book when he did." -Martin A. Sullivan, Tax Notes

Review

An indispensable policy reform guide for both students and experts in the field of international tax policy.

Product details

  • ASIN ‏ : ‎ 019935975X
  • Publisher ‏ : ‎ Oxford University Press
  • Publication date ‏ : ‎ February 5, 2014
  • Edition ‏ : ‎ 1st
  • Language ‏ : ‎ English
  • Print length ‏ : ‎ 240 pages
  • ISBN-10 ‏ : ‎ 9780199359752
  • ISBN-13 ‏ : ‎ 978-0199359752
  • Item Weight ‏ : ‎ 1 pounds
  • Dimensions ‏ : ‎ 9.3 x 0.9 x 6.2 inches
  • Best Sellers Rank: #5,986,278 in Books (See Top 100 in Books)
  • Customer Reviews:
    5.0 out of 5 stars (1)

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Daniel N. Shaviro
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