Corporate Income Taxes under Pressure: Why Reform Is Needed and How It Could Be Designed

By Ruud A. de Mooij, Alexander D Klemm, Victoria J Perry

February 26, 2021

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Format: Chicago

Ruud A. de Mooij, Alexander D Klemm, and Victoria J Perry. Corporate Income Taxes under Pressure: Why Reform Is Needed and How It Could Be Designed, (USA: International Monetary Fund, 2021) accessed December 22, 2024

Summary

The book describes the difficulties of the current international corporate income tax system. It starts by describing its origins and how changes, such as the development of multinational enterprises and digitalization have created fundamental problems, not foreseen at its inception. These include tax competition—as governments try to attract tax bases through low tax rates or incentives, and profit shifting, as companies avoid tax by reporting profits in jurisdictions with lower tax rates. The book then discusses solutions, including both evolutionary changes to the current system and fundamental reform options. It covers both reform efforts already under way, for example under the Inclusive Framework at the OECD, and potential radical reform ideas developed by academics.

Subject: Balance of payments, National accounts, Taxes

Keywords: Corporate income tax, Corporate taxes, Digitalization, Double taxation, Europe, Foreign direct investment, Global, Income, International cooperation, Multinational enterprise, Multinationals, Passive income, Profit shifting, Sub-Saharan Africa, Tax avoidance, Tax competition, Tax reform, Tax treaty

Publication Details

Pages:

388
Volume:

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DOI:

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Issue:

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Series:

Books
Stock No:

CITUPEA
ISBN:

9781513511771
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