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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

g20 governments agree to crackdown on tax avoidance

by Vanessa Houlder (Financial Times)

Governments have thrown their weight behind sweeping rules to crack down on corporate tax avoidance, including steps to increase transparency, close loopholes and limit the use of tax havens.

However, countries could not agree on the design of a measure aimed at curbing unfair competition for patent income, which is widely viewed as contributing to the problem of tax avoidance.

For the story, go here.



Inverting corporations should pay what they owe when they go

by Steve Wamhoff and Frank Clemente (The Hill)

If the all-American fast food chain Burger King, with its thousands of restaurants in the United States, can claim to be a foreign company for tax purposes, our corporate tax system is in real trouble.
The crisis of corporate inversions is now apparent even to those who aren’t connected to the boring details of tax policy. The public outrage is so apparent that Walgreen Co. backed off its plans to invert.
This ire stems from the justified belief that there’s a separate set of rules for powerful corporations. So here’s a thought.
For the story, go here.