Neutralizing the imputation systems

Resource Information

The work Neutralizing the imputation systems represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.

Label

Neutralizing the imputation systems

Creator

• Harris, P.A. (Peter)

Subject

• corporate income tax
• imputation system
• transnational enterprise

Summary

The author considers the imputation system as a particular method of taxing corporate income. The current international behaviour of the Asian-Pacific imputation systems (i.e. those of Australia, Malaysia, New Zealand, Singapore and Sri Lanka) are reviewed. He then provides a brief statement of the theoretical jurisdictional limits on national income taxing rights, and proceeds to suggest how, in theory, imputation systems should function with respect to transnational corporate income and to appraise the present operation of the Asian- Pacific imputation systems against that criterion. Finally, he recommends how the Asian-Pacific imputation systems may be amended in accordance with the composite tax principle, and demonstrates how the use of the composite tax principle advances a globally efficient allocation of resources while maintaining a high degree of national autonomy

Citation source

In: Asia-Pacific tax bulletin. - Amsterdam. - Vol. 3 (1997),

Geographic coverage

Asia

Language note

English