The business of BREXIT: is it worth all the stress?
The UK's "perfect natural policy experiment" continues to evolve in unexpected ways.
The UK's "perfect natural policy experiment" continues to evolve in unexpected ways.
President Donald Trump has proposed cutting the US corporate tax rate from 35% to 15% and ending the practice of taxing the foreign income of US businesses. Trump may be hoping that such a massive corporate tax cut will result in new investment. Indeed, historical data suggests companies will respond by shifting profits to where the tax is low.
The current international company taxation system goes all the way back to 1923 and a ‘Report on Double Taxation’ solicited by the League of Nations. It was a time when the word “wireless” described radio communication and air travel was still not a regular means of transport. Most firms were national, and value chains were concentrated in one place.
What is a foreign firm in our complex, inter-connected world?
By Pascalis Raimondos, Professor of Economics, Head of School, Queensland University of Technology & Sara L. McGaughey, Professor of International...