"Corporate tax avoidance has grabbed international attention this year, thanks in part to high-profile and entirely legal tax avoidance schemes revealed at giant companies like Apple and Google. The push to reform the international corporate tax code tends to rely on lower rates and closed loopholes and continuing the so-called “territorial” approach to taxing business activity, where a company’s tax burden depends on where it is based. Those territorial approaches have encouraged an international race to the bottom on corporate tax rates, with countries like the Netherlands and Ireland seeking to attract businesses by becoming tax havens. Alternative approaches include taxing companies where their products are used rather than where their headquarters are located."
Posted on: Tue, 10 Sep 2013 08:48:21 +0000
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