000			03214nam a22003737a 4500
003			ZW-GwMSU
005			20220404152804.0
008			220330b |||||||| |||| 00| 0 eng d
020			_a9780198808077
040			_arda _beng _cMSULIB _erda
050	0	0	_aHD2753 TAX
100	1		_aDevereux, Michael P. _d1959- _eauthor.
245	1	0	_aTaxing profit in a global economy : _ba report of the Oxford international tax group / _ccreated by Michael P. Devereux, Alan J. Auerbach, Michael Keen, Paul Oosterhuis, Wolfgang Schon and John Vella.
264		1	_bOxford University Press, _c2021.
264		1	_c©2021.
300			_axv, 370 pages : _billustrations ; _c24 cm
336			_atext _2rdacontent
337			_aunmediated _2rdamedia _bn
338			_avolume _2rdacarrier _bnc
504			_aIncludes bibliographical references and index.
505			_a1: Introduction 2: Key issues in taxing profit 3: The current international tax system 4: Fundamental reform options 5: Basic choices in considering reform 6: Residual profit allocation by income 7: Destination-based cash flow taxation
520	8		_aThe international tax system is in dire need of reform. It allows multinational companies to shift profits to low tax jurisdictions and thus reduce their global effective tax rates. A major international project, launched in 2013, aimed to fix the system, but failed to seriously analyse the fundamental aims and rationales for the taxation of multinationals' profit, and in particular where profit should be taxed. As this project nears its completion, it is becomingincreasingly clear that the fundamental structural weaknesses in the system will remain.0This book, produced by a group of economists and lawyers, adopts a different approach and starts from first principles in order to generate an international tax system fit for the 21st century. This approach examines fundamental issues of principle and practice in the taxation of business profit and the allocation of taxing rights over such profit amongst countries, paying attention to the interests and circumstances of advanced and developing countries. Once this conceptual framework is0developed, the book evaluates the existing system and potential reform options against it.0A number of reform options are considered, ranging from those requiring marginal change to radically different systems. Some options have been discussed widely. Others, particularly Residual Profit Split systems and a Destination Based Cash-Flow Tax, are more innovative and have been developed at some length and in depth for the first time in this book. Their common feature is that they assign taxing rights partly/fully to the location of relatively immobile factors: shareholders or consumers.0.
650		0	_aInternational business enterprises _xTaxation.
650		0	_aCorporations _xTaxation.
650		7	_aCorporations _xTaxation
650		7	_aInternational business enterprises _xTaxation
700			_aMichael P. Devereux _eauthor.
700			_aAlan J. Auerbach _eauthor.
700			_aMichael Keen _eauthor.
700			_aPaul Oosterhuis _eauthor.
700			_aWolfgang Schon _eauthor.
700			_aJohn Vella. _eauthor.
942			_2lcc _cB
999			_c158830 _d158830