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's membership consists of major U.S.-based multinational companies, representing diverse industries and a huge portion of overall U.S. economic activity.
American Express Company
American International Group
Bank of America
Bank of New York/Mellon
Barclays Capital Inc.
Cisco Systems, Inc.
Dow Chemical Company
E.I. DuPont De Nemours & Co.
Exxon Mobil Corporation
Johnson & Johnson
Johnson Controls Inc.
Mondelez International Inc.
Procter & Gamble Company
State Street Corp.
Time Warner, Inc.
United Technologies Corporation
Walmart Stores Inc.
Latest International Tax Policy NewsApple 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. News Analysis: No More Cash Box Inversions
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.
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)