Authors:

  • Stephen E. Shay

Excerpt

Lessons the United States Can Learn from Other Countries’ Territorial Systems for Taxing Income of Multinational Corporations. Stephen Shay, January 2015, Paper. "The United States has a worldwide system that taxes the dividends its resident multinational corporations receive from their foreign affiliates, while most other countries have territorial systems that exempt these dividends. This report examines the experience of four countries – two with long-standing territorial systems and two that have recently eliminated taxation of repatriated dividends. We find that the reasons for maintaining or introducing dividend exemption..." Link