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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

Corporate Inversions: Deloitte: Inversions Frustration Building In Congress,...

by Alison Bennett (Bloomberg)

Congressional frustration with large companies taking part in inversion transactions is continuing to build, but it remains unclear when lawmakers may act on legislation to prevent these deals or sharply reduce their tax benefits, practitioners from Deloitte Tax LLP said.
While the administration has raised the possibility of acting unilaterally if it appears lawmakers may be unable to pass legislation, “the president may want to wait to see if Congress can do something” when lawmakers return in September, according to partner James Gannon during an Aug. 28 webcast.
For the story, go here. (subscription required)



Opinion: Lower corporate tax rates. Now.

by Charles Krauthammer (Washington Post)

The Obama administration is highly exercised about "inversion," the practice by which an American corporation acquires a foreign company and moves its headquarters out of the United States to benefit from lower tax rates abroad.
Not fair, says Barack Obama. It's taking advantage of an "unpatriotic tax loophole" that hardworking American families have to make up for by the sweat of their brow. His treasury secretary calls such behavior a violation of "economic patriotism."
For the article, go here.