Daniel N. Shaviro (NYU) presents Three False Statements Concerning International Tax Policy at the Tax Policy Research Symposium in Toronto:
The 3 false statements:
- “International tax policy issue analysis should depend on one’s choice of worldwide welfare norm.”
- “For outbound investment, the basic policy choice is between (a) exemption and (b) a worldwide system with foreign tax credits.”
- “It makes no real difference that corporations, rather than individuals, are the main resident taxpayers subject to the rules for foreign source active business income.”
At least in the U.S., all 3 statements describe prevailing beliefs & assumptions – yet all are erroneous.
