Conceptual problems of the corporate tax : Swiss-US comparative analysis

Resource Information

The work Conceptual problems of the corporate tax : Swiss-US comparative analysis 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, Books.

Label

Conceptual problems of the corporate tax : Swiss-US comparative analysis

Creator

• Lideikyte Huber, G

Subject

• corporate income tax
• shareholder
• entity classification
• double taxation
• hybrid entity
• base erosion
• tax system
• taxpayer

Language

eng

Summary

This book analyses the conceptual difficulties in defining a corporate taxpayer. In particular, it demonstrates that an optimal definition of a taxable corporation does not exist. An entity that is taxed as a corporation in a certain country may be considered a flow-through vehicle in another jurisdiction. This entity classification mismatch creates infamous cross-border complications, giving rise to hybrid entities that may lead to either double taxation or the creation of "homeless income". This impossibility to define a corporate taxpayer in a satisfactory manner relates to deeper corporate tax problems, which are explored further in this book. It guides the reader through the historical development of corporate taxation, with specific emphasis on the concepts of economic double taxation and the ability to pay. The author also presents contemporary economic and philosophical approaches to corporate taxation. For instance, the research on the economic incidence of corporate tax shows that corporations shift their tax burdens onto various groups of persons that cannot always be precisely identified. Can a tax be considered legitimate when its bearers cannot be clearly established? Analysing fundamental taxation principles, this book argues that the mechanisms of contemporary corporate tax are very far away from producing their initially intended effect, i.e. affecting mainly - or only - shareholders

Geographic coverage

• Europe
• North America

Index

no index present

Language note

English

Literary form

non fiction