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Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Excess profits tax
Languages : en
Pages : 868
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Book Description
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Excess profits tax
Languages : en
Pages : 868
Get Book Here
Book Description
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Excess profits tax
Languages : en
Pages : 855
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Book Description
Author: United States. Congress. Joint Committee on Internal Revenue Taxation
Publisher:
ISBN:
Category : Excess profits tax
Languages : en
Pages : 40
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Book Description
Author: United States. Congressional Budget Office
Publisher:
ISBN:
Category : Excess profits tax
Languages : en
Pages : 108
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Book Description
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 812
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Book Description
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Excess profits tax
Languages : en
Pages : 56
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Author: United States. Congress. Joint Committee on Taxation
Publisher:
ISBN:
Category : Excess profits tax
Languages : en
Pages : 48
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Book Description
Author: Mr. Shafik Hebous
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 37
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Book Description
This paper discusses the design of excess profits taxes (EPTs) that gained renewed interest following the COVID-19 outbreak and the recent surge in energy prices. EPTs can be designed as an efficient tax only falling on economic rent, like an allowance for corporate capital, and drawing some parallels with current proposals for reforming multinationals’ taxation. EPTs can be permanent or temporary as an add-on to the corporate income tax to support revenue during an adverse shock episode. The latter reflects experiences with EPTs during and after the World Wars. Different from that era, though, profit shifting is now a challenge. Estimation using firm-level data suggest that, at present, locations of excess profit across countries are consistent with profit shifting practices by multinationals. Destination-based EPTs can address this concern. Estimates suggest that a 10 percent EPT on the globally consolidated accounts of multinationals (on top of the current corporate income tax), with the EPT base being allocated using sales, raises global revenue by 16 percent of corporate income tax revenues. The analysis suggests that international coordination would be desirable to mitigate the risks of profit shifting and tax competition. Eventually, EPTs could mark an evolution of corporate taxation toward a non-distortionary rent tax.
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category :
Languages : en
Pages : 855
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Book Description
Author: Tax Institute (U.S.)
Publisher:
ISBN:
Category : Excess profits tax
Languages : en
Pages : 202
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Book Description
