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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

Vietnam's Decree 91 features tax incentives for manufacturing and technology

by Meredith McBride (International tax review)

Vietnam’s Decree 91 on VAT and corporate income tax (CIT) came into effect on October 15 2014. It includes provisions on deductible expenses, tax incentives for manufacturers and high-technology firms, a reduction in the paperwork required for tax filing and in the corporate tax rate for agricultural businesses, which are all applicable for the 2014 reporting year.

For the story, go here.



Death and taxes: Is the corporate tax rate killing the U.S. economy?

by Ann Duncan (Thomson Reuters)

“In this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin
“The only difference between death and taxes is that death doesn’t get worse every time Congress meets.” Will Rogers
The IRS and the U.S. Treasury last month announced plans to squelch the trend for businesses to seek foreign tax shelters through corporate inversions. But why are companies fleeing? Because the current corporate tax rate is oppressive. (See BioWorld Today, Sept. 24, 2014.)
For the blog post, go here.