PP019
Analítico de Periódico
P59_2
P59_2
HUFBAUER, Gary Clyde, e outro
International Tax Competition : Tree Big Issues : IDEFF Conference June 23-27, 2008, Portugal, the European Union and the USA, New Economic Perspectives for the Transatlantic Relationship / Gary Clyde Hufbauer, Jisun Kim
Revista de Finanças Públicas e Direito Fiscal, Coimbra, a.1n.2(Verão2008), p.19-28
Estante n.º 27.
DIREITO FISCAL, DIREITO FISCAL INTERNACIONAL, INVESTIMENTO ESTRANGEIRO, COMÉRCIO ELECTRÓNICO, IVA
This paper focus on three topics that ar closely related to international tax competition: Foreign direct investment (FDI). The current US corporate tax system discourages both US-based multinational enterprises (MNEs) doing business abroad and inward FDI by foreign-based MNEs. The United States should simplify the US corporate tax regime, establish a broader tax base and enact a lower statutory tax rate - 25 percent or lower. The United States should also adopt a territorial approach to the taxation of "active income" earned by US-based MNEs doing business abroad. Portfolio income. Portfolio income accruing to individual investors lies at the center of tax evasion. To reduce tax evasion by wealthy persons, and to buttress whatever degree of progressivity that countries choose to build into their personal tax systems, the OECD countries -- starting with the United States and the European Union - should agree on a residence approach for the taxation of foreign portfolio income. Once the principle is agreed, they need to establish effective international cooperation, starting with vastly enhanced information exchange programs, backed up as need by withholding taxes imposed at the source. Electronic commerce (E-commerce): In 2002, the European Union adopted a directive that required all E-commerce firms to account for and collect VAT on electronically supplied services with EU consumers, regardless of the selling firm's location. The directive provoked criticism, especially in the United States, because it would impose a new tax on US firms with no reciprocity in terms of remitted tax revenues since the United States does not have a VAT system. Nevertheless, the United States should assist Europe in the collection of its VAT on B2C E-commerce sales, provided that - based on the principle of reciprocity - the European Union offers major concessions in some other dimension of trans-Atlantic commerce. Harmful Tax Competition? Territorial Taxation for Foreign Direct Investment. Residence Taxation for Portfolio Income. Taxation of Electronic Commerce.