The Resource If not now, when? U.S. tax treaties with Latin America after TCJA
If not now, when? U.S. tax treaties with Latin America after TCJA
Resource Information
The item If not now, when? U.S. tax treaties with Latin America after TCJA represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item If not now, when? U.S. tax treaties with Latin America after TCJA represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- According to the author, there are three good reasons that Latin American countries should consider entering into tax treaties with the United States after the Tax Cuts and Jobs Act (TCJA). First, to the extent that the participation exemption applies, the result is better than tax sparing for countries that offer tax holidays. To the extent GILTI applies, there is still an incentive to invest in a tax holiday country because of cross-crediting, so that even with GILTI there may not be a revenue shift. Second, there are good reasons to enter into treaties even with a revenue shift, such as attracting FDI and limiting tax evasion. Third, Latin American countries are increasingly capital exporters, and the absence of a treaty hurts their multinationals. Finally, now is an opportunity, because the entire U.S. treaty network needs to be updated to take account of TCJA
- Language
-
- eng
- eng
- Label
- If not now, when? U.S. tax treaties with Latin America after TCJA
- Title
- If not now, when? U.S. tax treaties with Latin America after TCJA
- Language
-
- eng
- eng
- Summary
- According to the author, there are three good reasons that Latin American countries should consider entering into tax treaties with the United States after the Tax Cuts and Jobs Act (TCJA). First, to the extent that the participation exemption applies, the result is better than tax sparing for countries that offer tax holidays. To the extent GILTI applies, there is still an incentive to invest in a tax holiday country because of cross-crediting, so that even with GILTI there may not be a revenue shift. Second, there are good reasons to enter into treaties even with a revenue shift, such as attracting FDI and limiting tax evasion. Third, Latin American countries are increasingly capital exporters, and the absence of a treaty hurts their multinationals. Finally, now is an opportunity, because the entire U.S. treaty network needs to be updated to take account of TCJA
- Citation source
- In: International tax journal. - Riverwoods. - Vol. 45 (2019), no. 4 (July-August) ; p. 57-59
- http://library.link/vocab/creatorName
- Avi-Yonah, R.S
- Geographic coverage
-
- North America
- Latin America
- Language note
- English
- http://library.link/vocab/subjectName
-
- tax treaty
- TCJA
- MNE
- GILTI
- participation exemption
- tax sparing credit
- tax holiday
- foreign investment
- tax evasion
- Label
- If not now, when? U.S. tax treaties with Latin America after TCJA
- Label
- If not now, when? U.S. tax treaties with Latin America after TCJA
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/If-not-now-when-U.S.-tax-treaties-with-Latin/R__RjDCOzFo/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/If-not-now-when-U.S.-tax-treaties-with-Latin/R__RjDCOzFo/">If not now, when? U.S. tax treaties with Latin America after TCJA</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
