Spillovers in international corporate taxation book pdf

Building capacity the platform for collaboration on tax. Dont count on spillover income to save these doubledigit dividend yields highyielding business development companies suggest that spillover can save a dividend from meager earnings going forward. Using bank balance sheet data, we find evidence that leverage and asset risk of european multinational banks in the crisis and postcrisis period is affected by corporate taxes in their host country as well as. The paper draws on the imfs experience on international tax issues with its wide. Spillover in international corporate taxation, imf policy report, washington. However, tax treaties can reduce the capacity of developing countries to levy withholding taxes.

It complements current initiatives focused on tax avoidance by multinationals, notably the g20oecd project on base erosion and profit shifting beps. Chapter by chapter, from afghanistan to zimbabwe, we summarize corporate tax systems in more than 160 jurisdictions. Based on this measure, the highest tax rates prevail in canada and the united kingdom. Toolbox dtas spillovers european commission european union. United states reflects the sharp fall in the corporate income tax rates associated with. Cit rate from 35 to 21 percent but fundamental and novel changes in its international. Use the free adobe acrobat reader to view this pdf file. The staff report on spillovers on international corporate taxation prepared by. This book presents new proposals for a valueadded tax, a financial transactions tax, wealth and inheritance taxes, reforming the corporate and. The content is current on 1 january 2019, with exceptions noted.

Developing countries are highly dependent on source based taxation. Corporate taxation in the global economy international monetary. The corporate tax base, as taxable profits change in reflection of both real responses through investment and the like and profitshifting responses affecting, loosely speaking, only where profits are booked for tax purposes. It complements current initiatives focused on tax avoidance by. The avoidance of corporation tax by multinational enterprises mnes. Multinational company finance and taxation, mit press books, the mit press. Dont count on spillover income to save these double. This paper describes, and where possible tentatively quantifies, likely tax spillovers from the u. Spillovers in international corporate taxation executive summary this paper explores the nature, significance and policy implications of spillovers in international corporate taxation the effects of one countrys rules and practices on others. Therefore withholding taxes on outbound payments are an essential component of their tax income, and are generally easier to administer and collect. This paper explores the nature, significance and policy implications of spillovers in international corporate taxationthe effects of one countrys rules and practices on others.