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Competitiveness Index

ITPF/ AEI Conference

Economic Effects of Territorial Taxation

With a Keynote Address by CEA Chairman Jason Furman

March 31, 2014

As Congress deliberates business tax reform options, the international aspects often prove most complex. All G-8 countries other than the United States have “territorial” tax systems that exempt 95-100 percent of qualified dividends repatriated from foreign subsidiaries. This event, which is cosponsored by the AEI and the International Tax Policy Forum, explores the economic effects of territorial taxation. Based on international experience, including Japan and the UK, panelists will examine the effects of international tax rules on: base erosion and profit shifting; repatriation of foreign profits; and cross-border mergers and acquisitions and headquarters location. The event will conclude with a luncheon address by Jason Furman, Chairman of the White House Council of Economic Advisers.

For conference materials, go here

Video link to the conference, go here


Mission and Goals

Founded in 1992, the International Tax Policy Forum (ITPF) sponsors nonpartisan academic research and conferences to promote an informed dialogue on international tax issues. Currently, ITPF's membership includes more than 40 major, U.S.-based multinational companies.

ITPF Members
ITPF's membership consists of major U.S.-based multinational companies, representing diverse industries and a huge portion of overall U.S. economic activity.

Abbott Laboratories
AbbVie, Inc.
Alcoa Inc.
American Express Company
American International Group
Bank of America
Bank of New York/Mellon
Barclays Capital Inc.
Boston Scientific
Cargill Inc.
Caterpillar Inc.
Chevron Corporation
Cisco Systems, Inc.
Citigroup, Inc.
Coca-Cola Company
Dow Chemical Company
E.I. DuPont De Nemours & Co.
Eaton Corporation
Exxon Mobil Corporation
General Mills
Goldman Sachs
Hewlett-Packard Company
Honeywell
IBM Corporation
Intel
Johnson & Johnson
Johnson Controls Inc.
Mars, Incorporated
McDonald's Corporation
Microsoft
Mondelez International Inc.
Morgan Stanley
Oracle
PepsiCo, Inc.
Pfizer Inc.
Procter & Gamble Company
Prudential
State Street Corp.
Time Warner, Inc.
Tupperware Corporation
United Technologies Corporation
Verizon
Walmart Stores Inc.


Latest International Tax Policy News

Apple Tax Probe Details Set to Be Revealed by EU Watchdog

by Gaspard Sebag (Bloomberg)

The European Union will step up its probe of Apple Inc. (AAPL)’s tax arrangements in Ireland, revealing why it suspects the iPhone maker received an unfair advantage.

Regulators will publish tomorrow its reasoning for opening an investigation earlier this year, Antoine Colombani, a spokesman for the European Commission, said in an e-mail. The move is the latest step toward possible repayment of millions of euros of aid.

For the story, go here.



News Analysis: No More Cash Box Inversions

by Lee A. Sheppard (Tax Analysts)

Things have reached a pretty pass when the only mainstream publication putting inversions in their proper perspective is a baby boomer entertainment rag. That'd be Rolling Stone (Sept. 11, 2014, at 33):

Inversions are just the tip of the iceberg . . . a strong, bipartisan consensus has, in fact, emerged in Washington: The world's richest corporations will get away with fleecing hundreds of billions of tax dollars from the rest of us.

For the story, go here. (subscription required)