Comparison of US, UK and German corporate income tax systems with respect to dividend relief

Comparison of US, UK and German corporate income tax systems with respect to dividend relief
Author: Benjamin Mahr
Publisher: GRIN Verlag
Total Pages: 29
Release: 2004-08-12
Genre: Business & Economics
ISBN: 3638299651

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Essay from the year 2004 in the subject Business economics - Accounting and Taxes, grade: Distinction (83%), The University of Sydney (Faculty of Law), course: Comparative Corporate Taxation, language: English, abstract: This essay briefly describes the main different theoretical approaches (tax systems) designed to alleviate the double burden of corporation tax and shareholder income tax under Part 2. Parts 3- 5 explain how the problem of dividend double taxation was tried to be solved in the heterogeneous tax systems of the Germany, the UK and the US. However, the essay will not cover the different double tax avoiding treaties in force in those countries.

Corporate Tax Law

Corporate Tax Law
Author: Peter Harris
Publisher: Cambridge University Press
Total Pages: 651
Release: 2013-03-07
Genre: Business & Economics
ISBN: 1107033535

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A comprehensive and comparative analysis of corporate tax systems, focusing on structural defects and how they are addressed in practice.

Possible Implications of Integrating the Corporate and Individual Income Taxes in the United States

Possible Implications of Integrating the Corporate and Individual Income Taxes in the United States
Author: International Monetary Fund
Publisher: International Monetary Fund
Total Pages: 64
Release: 1990-07-01
Genre: Business & Economics
ISBN: 1451961928

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The classical corporate profits tax in the United States involves non-neutralities between: different sources of financing; different forms of business organization; and retaining or distributing earnings and may result in the U.S. investor being at a disadvantage vis-à-vis foreign investors. An international comparison is provided, and the potential effects of different integration schemes on the user cost of capital and tax revenues are assessed. The integration of corporate and individual income taxes in the United States could lead to a more efficient domestic and worldwide allocation of resources.

Where Does Multinational Investment Go with Territorial Taxation? Evidence from the UK

Where Does Multinational Investment Go with Territorial Taxation? Evidence from the UK
Author: Ms.Li Liu
Publisher: International Monetary Fund
Total Pages: 49
Release: 2018-01-13
Genre: Business & Economics
ISBN: 1484337700

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In 2009, the United Kingdom changed from a worldwide to a territorial tax system, abolishing dividend taxes on foreign repatriation from many low-tax countries. This paper assesses the causal effect of territorial taxation on real investments, using a unique dataset for multinational affiliates in 27 European countries and employing the difference-in-difference approach. It finds that the territorial reform has increased the investment rate of UK multinationals by 15.7 percentage points in low-tax countries. In the absence of any significant investment reduction elsewhere, the findings represent a likely increase in total outbound investment by UK multinationals.

Anglo-American Corporate Taxation

Anglo-American Corporate Taxation
Author: Steven A. Bank
Publisher: Cambridge University Press
Total Pages:
Release: 2011-09-22
Genre: Law
ISBN: 113950259X

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The UK and the USA have historically represented opposite ends of the spectrum in their approaches to taxing corporate income. Under the British approach, corporate and shareholder income taxes have been integrated under an imputation system, with tax paid at the corporate level imputed to shareholders through a full or partial credit against dividends received. Under the American approach, by contrast, corporate and shareholder income taxes have remained separate under what is called a 'classical' system in which shareholders receive little or no relief from a second layer of taxes on dividends. Steven A. Bank explores the evolution of the corporate income tax systems in each country during the nineteenth and twentieth centuries to understand the common legal, economic, political and cultural forces that produced such divergent approaches and explains why convergence may be likely in the future as each country grapples with corporate taxation in an era of globalization.

Taxation of Multinational Corporations

Taxation of Multinational Corporations
Author: Jennifer Blouin
Publisher: Now Pub
Total Pages: 78
Release: 2012
Genre: Business & Economics
ISBN: 9781601985323

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Taxation of Multinational Corporations aggregates the large body of international tax literature succinctly in one location

Tax Law Design and Drafting, Volume 1

Tax Law Design and Drafting, Volume 1
Author: Mr.Victor Thuronyi
Publisher: International Monetary Fund
Total Pages: 534
Release: 1996-08-23
Genre: Business & Economics
ISBN: 9781557755872

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Edited by Victor Thuronyi, this book offers an introduction to a broad range of issues in comparative tax law and is based on comparative discussion of the tax laws of developed countries. It presents practical models and guidelines for drafting tax legislation that can be used by officials of developing and transition countries. Volume I covers general issues, some special topics, and major taxes other than income tax.

Corporate Loss Utilisation through Aggressive Tax Planning

Corporate Loss Utilisation through Aggressive Tax Planning
Author: OECD
Publisher: OECD Publishing
Total Pages: 92
Release: 2011-08-03
Genre:
ISBN: 9264119221

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After describing the size of corporate tax losses and the policy issues related to their tax treatment, this report identifies three key risk areas in relation to use of losses for tax purposes: corporate reorganisations, financial instruments and non-arm’s length transfer pricing.