拜登对美国跨国公司税收待遇的改革：已知与未知（英）

AEIECONOMIC PERSPECTIVESBiden'sReformstotheTaxTreatmentof Us Multinational Corporations:The Knownsand UnknownsBy <yle PomerleauJuly 202Th e Filean :mi-is*.isn "as rs"s: sini'iral't :hares, t:, a 'ax -am - IJ..l tinariana rnraratinns :iarl :t ra sinc rfver.. snc rlrhinc roi s i'ting a nr] :fansion. he p:posals. w.lsl ~aw the Js cnmpnrate ircome ax c.cser : ~worowicle" :asianras tx al trl "ew sntihsse rsisn t:-s. Ths ren : virlrs a ewe - AE o-e*,Itirai: *: cx:': a'ik:"s .nrlr crrnt s. the Pinal arlm n-stratinn's n.x:sa , : nn snme impli-ai *s t- a.lmi-istratinr's, :an acl-.In 2ots, Re puslicun lawtukers pe:ssel :tkl trmer<urpuriiorts, T: refurs wu.kl ls srgthertFresiden. Dotkill Tr..ms igtec. irllo luw te Tiunl in.ruduce severll ex in! buse eruzicn pruu.: unl Jobs Aks! (TrJA). Alung with reducingvijcstne vorpurale inuurle -ix rlle, teis lex xle tverAlthougt t:e Greert 3uuk reletel by tise alcunhiul relcrmed the tkx lreulen, f ulinuliun:lirio vn i: 2 (Us Iepurlen cl Tredsurrprliius.2ozkl; utlines hw cich reun wclc. wcrkMure thun tturee ytlrr later, Prestlet Jue LBiklertsevurl] sinflt ispeut uf how ttes plicisi Fropesiug dn inurerse w tte corperd.e incume d x l.t l ccitiunl re.orm lei te ixLiv iu invcst, lnd ihe inutnive Iur trrus iu luu:lleLun uf multrkl.ioral turpxoratiuns . The presiclent'sheiklyuurlers in the L'nitec. slaler rensin ureleur.prupus:l: rim to raise the lax ba.rlel or mullidThis reperl ruvisdes al uverview ot the LuxLunel corperal.iurls c.d s:leiress zeverel perceivedIreimeu! cf :ult.inl corpur.tius i.uc.er .-re--t kiv inc. he icilenl :ic.riristriot's prupuslsprufit shifting sd uffshorin,r" uf investmert. TheI! -lsu lisci.zzes other recerl inllernauioil vixprupusal dlso zeela to cun:bat whal tize isbrinprepoat.s, zemne urresu.ved puliuy turlsers, uncislruticn ls he "rlu to he bitom." etterle prec.uctior in cerpurite Leax r.les slebr:lly over hepecst tew lecacesT=e Rlen n:imisruliun's proposel refurrsBackgroundwu..kl mwe the cururwte ituorue tu closcr to .Befure the TCa, ike I's bad . worlibricx, orpure "worle.wile," or resilerle b:sel. sysiem tkl.resic.ence lsed, corporal.e irkome L:x witt leferL:xes the glebul prufi.s uf L's basl rmultizaliunelrl. 'nder this syslerl, ul inatictkl ccrpuritiolsA;.ERIC.AN 三NTERPRI3三 IN:TIT_TE headluarlerer1 in rhe t.niter S:ales faced :he t.sale ge*eral'y Tavec on ihe:'r rnfi:s only where thecorpiarr Ieome: rax ratc: of 35 pcrre:r on rheirPrntirs an carned.anerklv-ice prlins hut reeivedl a rredhi TRer inyIhe high 1 lax rale: anc. i1s crl:hwice ty lenfr:eign 'neome: Tax [xismenra. 'lhe Tex con forrigne nenuraged anme t.s m:ltin:ria*al crrpr:larion?prrtits an:d rhe: accnrpenying crcdir fnr frc ignTr rclocatc: rhcir hcadkqnaTris r forcign jnriscic-1xe+; ecmlt Ix ile "eire: inc. elini ply if':he: incr:me.1icns fisr 1ax u'jues. (.cljurale resiclenre iswas einves:ed in ongoing acriv ries a'srnad.deiermi*erd y whele the cnipria:'n is char-nr cxamp'c, a lis eorniarinn npcraring inTe:red, rarhrr rha thr [hssical lrxarinn or irsPeiland whult is: facr the Prsl ah cn[xirai Inersnieheilkalers >" wher ihe r*"i >h.1l ^1ax rare sf19 pereent rn ihe rrmtt+ rn invea.ne nrsmsiness. t.S-res:lent crsrpn ariom? wi:h sig nificaniin :har juriadicrion. C'nce: choc [:of rs: are: 'srn.:ghrfnne: gn ng:mariona cnuld red:x rheir max Fahilicy1aek; cr "rexri: exl" in n ihe 1Inin:1 Nisles, hey1* fore ign inerme l:y nv'ng thei cr:rjmliale chalw:.lel lace th+ fmll 35 perie n! liaiui n '3 ixir[ora1e1er lta cn..mry wih alelli r: ali:x 5ysiem. Ie IreTex rs'e. I lkwever, t* addriona' t.s ray wonle: he.the: 1c A, rheie: we re:Serlal [:rminenr iversions*rec.neprl hy a * erli fisr I'p '9 Ie't:eni [ id 1> 1hein -h:h 1.s:-1?sp:1 eimxin*3 werp [urr:h?$p:1 1yPelish 1ex amhorities. As nch, :he :ac:li icnal 12xIne gn xmjeli t's and relense:l 1o Rerreig* juis-r the 1Ini:ed S:ates vaomld sr 16 pereenr, fr:I a Trtald'c'rns sue* as t anadla Ireland, ane the t.n're.aT S j. !Kingelsm.Nirsme: inixime wiss 4uijeel in an an:i-deferlalI.asily, Ihe alvility to efer the t.sS las rnn for-Prrvisirnn ained prrve*rig ixse: rrosirn. S:1:-cign arnfirs inc.rfinirrly enern age eomgan'e3 Ia IP was imilee in 1r, 1 + e m tr:*t-ar:1nmlale csh 1>eises. Rrfivre 1hr ''t lA, .INranions frnnt loncan ng highly mslile inxme, auechmulh in: ional txirprsial an+had ac:r:. mulalexl anundas rre resr, civi:lenda, and rnyalries, in lnw-iaxSz.6 rrilion m [vof ra carned neersea3 (Pomerlra.:Ir:re ignjm arlicm4 (I 2.s1 4). Sulsjati I'is a Ixm2:1*).Iile x Jrervisirsn wih rne lrus le- and xceju isns.<renelialls, i: Irnv'ides ihel some Isjes cf fore ignAnOverviewofCurrentLawin:n+ i>npr1 iile i 11:x:hi in:n ae i:xe1intmerli:ai -ly ai he s1al:.lcrry xi'[xirale In:ome 1axTr> :a:lless crsneprns wih evic+ 1:w, 1he: 1 :14raie, minus a rcrecit frr any freign laxes a'reac.yreencerl ihe cnipnrale: ineome i:ix 1ele fim 35 [x I-Iraicl con ihi:I incin'r.cen1 1c1 2.1 ierreni25.N perre ni when ximliner?dwmaker+ and :analys1s h:c: aevel:l cincern?win i