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The Resource The allocation of multinational business income : reassessing the formulary apportionment option

The allocation of multinational business income : reassessing the formulary apportionment option

Contributor
Summary
This book is a global guide to formula apportionment providing a comprehensive understanding of aspects of the formulary apportionment option. Although an arm's length methodology continues to prevail in international taxation policy, it has long been replaced by the formulary apportionment method at the subnational level in a few federal countries. Its use is planned for international profit allocation as an element of the European Union's CCCTB proposals. The following issues are examined: the debate about what factors should be used to allocate profits under a formulary apportionment system and experience in jurisdictions using formulary apportionment; application of formula apportionment in specific sectors such as digital enterprises and the banking industry; the political economy of establishing and maintaining a successful formulary apportionment regime; formulary apportionment proposals for Europe; role of traditional tax criteria such as economic efficiency, fairness, ease of administration, robustness to avoidance and incentive compatibility; determining which parts of a multinational group are included in a formula apportionment unit; and whether innovative profit-split methodologies such as those developed by China are shifting traditional arm's length methods to a quasi-formulary apportionment system
Language
eng
Work
Publication
Extent
xxi, 338 p.
Contents
  • Introduction: Reassessing the formulary apportionment option
  • Krever, R.E.
  • Vaillancourt, F.
  • ; p. 1-5
  • Part I: The Story to Date
  • Chapter 1: History and theory of formulary apportionment
  • Krever, R.E.
  • Mellor, P.
  • ; p. 9-39
  • Chapter 2: The US States' experience with formulary apportionment
  • Sicilian, S.
  • Huddleston, J.
  • ; p. 41-74
  • Chapter 3: Formulary apportionment in Canada and taxation of corporate income in 2019 : current practice, origins and evaluation
  • Smart, M.
  • Vaillancourt, F.
  • ; p. 75-100
  • Chapter 4: The dream is alive : EU tax policy with a common consolidated corporate tax base and formulary apportionment
  • Weiner, J.M.
  • ; p.101-136
  • Chapter 5: The application of formulary apportionment to related entities : lessons from the US experience
  • Hellerstein, W.
  • ; p.137-166
  • Part II: Future Possibilities: Variations on the Formulary Apportionment Theme
  • Chapter 6: Is unilateral formulary apportionment better than the status quo?
  • Fleming, J.C. (Jr.)
  • Peroni, R.J.
  • Shay, S.E.
  • ; p.169-184
  • Chapter 7: A framework for assessing business sector formulary apportionment
  • Sadiq, K.
  • ; p.185-205
  • Part III: The Evolving Intersections of Arm's Length Pricing and Formulary Apportionment and Alternatives
  • Chapter 8: Between arm's length and formulary apportionment
  • Brauner, Y.
  • ; p.209-238
  • Chapter 9: Is arm's length profit split methodology morphing into a formulary apportionment hybrid : the Chinese example
  • Gao, F.
  • Ting, A.
  • ; p. 239-255
  • Part IV: Formulary Apportionment in an Evolving International Tax System
  • Chapter 10: Value creation and the allocation of profits under a formulary apportionment system
  • Vella, J.
  • ; p. 259-275
  • Chapter 11: Formulating the international tax debate : where does formulary apportionment fit?
  • Grinberg, I.
  • ; p. 277-296
  • Part V: Can International Tax Sharing Become Reality?
  • Chapter 12: International tax sharing : can the dream become reality?
  • Bird, R.
  • Mintz, J.M.
  • ; p. 299-321
Isbn
9789403506203
Instance
Label
The allocation of multinational business income : reassessing the formulary apportionment option
Title
The allocation of multinational business income : reassessing the formulary apportionment option
Contributor
Subject
Language
eng
Summary
This book is a global guide to formula apportionment providing a comprehensive understanding of aspects of the formulary apportionment option. Although an arm's length methodology continues to prevail in international taxation policy, it has long been replaced by the formulary apportionment method at the subnational level in a few federal countries. Its use is planned for international profit allocation as an element of the European Union's CCCTB proposals. The following issues are examined: the debate about what factors should be used to allocate profits under a formulary apportionment system and experience in jurisdictions using formulary apportionment; application of formula apportionment in specific sectors such as digital enterprises and the banking industry; the political economy of establishing and maintaining a successful formulary apportionment regime; formulary apportionment proposals for Europe; role of traditional tax criteria such as economic efficiency, fairness, ease of administration, robustness to avoidance and incentive compatibility; determining which parts of a multinational group are included in a formula apportionment unit; and whether innovative profit-split methodologies such as those developed by China are shifting traditional arm's length methods to a quasi-formulary apportionment system
Geographic coverage
  • International
  • North America
  • European Union
Index
no index present
Language note
English
Literary form
non fiction
http://library.link/vocab/relatedWorkOrContributorName
  • Krever, R.E
  • Vaillancourt, F
Series statement
Series on international taxation
Series volume
76
http://library.link/vocab/subjectName
  • allocation of profits
  • formulary apportionment
  • arm's length principle
  • profit split method
  • CCCTB
  • value creation
Label
The allocation of multinational business income : reassessing the formulary apportionment option
Instantiates
Publication
Contents
  • Introduction: Reassessing the formulary apportionment option
  • Krever, R.E.
  • Vaillancourt, F.
  • ; p. 1-5
  • Part I: The Story to Date
  • Chapter 1: History and theory of formulary apportionment
  • Krever, R.E.
  • Mellor, P.
  • ; p. 9-39
  • Chapter 2: The US States' experience with formulary apportionment
  • Sicilian, S.
  • Huddleston, J.
  • ; p. 41-74
  • Chapter 3: Formulary apportionment in Canada and taxation of corporate income in 2019 : current practice, origins and evaluation
  • Smart, M.
  • Vaillancourt, F.
  • ; p. 75-100
  • Chapter 4: The dream is alive : EU tax policy with a common consolidated corporate tax base and formulary apportionment
  • Weiner, J.M.
  • ; p.101-136
  • Chapter 5: The application of formulary apportionment to related entities : lessons from the US experience
  • Hellerstein, W.
  • ; p.137-166
  • Part II: Future Possibilities: Variations on the Formulary Apportionment Theme
  • Chapter 6: Is unilateral formulary apportionment better than the status quo?
  • Fleming, J.C. (Jr.)
  • Peroni, R.J.
  • Shay, S.E.
  • ; p.169-184
  • Chapter 7: A framework for assessing business sector formulary apportionment
  • Sadiq, K.
  • ; p.185-205
  • Part III: The Evolving Intersections of Arm's Length Pricing and Formulary Apportionment and Alternatives
  • Chapter 8: Between arm's length and formulary apportionment
  • Brauner, Y.
  • ; p.209-238
  • Chapter 9: Is arm's length profit split methodology morphing into a formulary apportionment hybrid : the Chinese example
  • Gao, F.
  • Ting, A.
  • ; p. 239-255
  • Part IV: Formulary Apportionment in an Evolving International Tax System
  • Chapter 10: Value creation and the allocation of profits under a formulary apportionment system
  • Vella, J.
  • ; p. 259-275
  • Chapter 11: Formulating the international tax debate : where does formulary apportionment fit?
  • Grinberg, I.
  • ; p. 277-296
  • Part V: Can International Tax Sharing Become Reality?
  • Chapter 12: International tax sharing : can the dream become reality?
  • Bird, R.
  • Mintz, J.M.
  • ; p. 299-321
Extent
xxi, 338 p.
Isbn
9789403506203
Isbn Type
(web-pdf)
Label
The allocation of multinational business income : reassessing the formulary apportionment option
Publication
Contents
  • Introduction: Reassessing the formulary apportionment option
  • Krever, R.E.
  • Vaillancourt, F.
  • ; p. 1-5
  • Part I: The Story to Date
  • Chapter 1: History and theory of formulary apportionment
  • Krever, R.E.
  • Mellor, P.
  • ; p. 9-39
  • Chapter 2: The US States' experience with formulary apportionment
  • Sicilian, S.
  • Huddleston, J.
  • ; p. 41-74
  • Chapter 3: Formulary apportionment in Canada and taxation of corporate income in 2019 : current practice, origins and evaluation
  • Smart, M.
  • Vaillancourt, F.
  • ; p. 75-100
  • Chapter 4: The dream is alive : EU tax policy with a common consolidated corporate tax base and formulary apportionment
  • Weiner, J.M.
  • ; p.101-136
  • Chapter 5: The application of formulary apportionment to related entities : lessons from the US experience
  • Hellerstein, W.
  • ; p.137-166
  • Part II: Future Possibilities: Variations on the Formulary Apportionment Theme
  • Chapter 6: Is unilateral formulary apportionment better than the status quo?
  • Fleming, J.C. (Jr.)
  • Peroni, R.J.
  • Shay, S.E.
  • ; p.169-184
  • Chapter 7: A framework for assessing business sector formulary apportionment
  • Sadiq, K.
  • ; p.185-205
  • Part III: The Evolving Intersections of Arm's Length Pricing and Formulary Apportionment and Alternatives
  • Chapter 8: Between arm's length and formulary apportionment
  • Brauner, Y.
  • ; p.209-238
  • Chapter 9: Is arm's length profit split methodology morphing into a formulary apportionment hybrid : the Chinese example
  • Gao, F.
  • Ting, A.
  • ; p. 239-255
  • Part IV: Formulary Apportionment in an Evolving International Tax System
  • Chapter 10: Value creation and the allocation of profits under a formulary apportionment system
  • Vella, J.
  • ; p. 259-275
  • Chapter 11: Formulating the international tax debate : where does formulary apportionment fit?
  • Grinberg, I.
  • ; p. 277-296
  • Part V: Can International Tax Sharing Become Reality?
  • Chapter 12: International tax sharing : can the dream become reality?
  • Bird, R.
  • Mintz, J.M.
  • ; p. 299-321
Extent
xxi, 338 p.
Isbn
9789403506203
Isbn Type
(web-pdf)

Subject

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    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932

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