The Resource The consequences of the Tax Cut and Jobs Act's international provisions : lessons from existing research

The consequences of the Tax Cut and Jobs Act's international provisions : lessons from existing research

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The consequences of the Tax Cut and Jobs Act's international provisions : lessons from existing research
Title
The consequences of the Tax Cut and Jobs Act's international provisions : lessons from existing research
Creator
Subject
Language
eng
Summary
This paper discusses the potential consequences of the international tax provisions of the recent Tax Cut and Jobs Act (TCJA), drawing on existing research. It uses the observed behaviour of firms during the 2005 repatriation tax holiday to infer the relative burdens created by the repatriation tax and by the TCJA's new "Global Intangible Low-Taxed Income" (GILTI) tax, and it concludes that the TCJA increases the tax burden on U.S. residence for many, and perhaps most, U.S. firms. It also argues that the GILTI and "Foreign-Derived Intangible Income" (FDII) provisions will create substantial distortions to the ownership of assets, both in the United States and around the world
Citation source
In: National tax journal. - Washington. - Vol. 71 (2018), no. 4 ; p. 707-728
http://library.link/vocab/creatorName
Dharmapala, D
Geographic coverage
  • International
  • North America
Language note
English
http://library.link/vocab/subjectName
  • international tax law
  • tax reform
  • TCJA
  • repatriation
  • GILTI
  • FDII
  • tax burden
  • residence
Label
The consequences of the Tax Cut and Jobs Act's international provisions : lessons from existing research
Instantiates
Publication
Label
The consequences of the Tax Cut and Jobs Act's international provisions : lessons from existing research
Publication

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