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dc.contributor.authorPicciotto, Sol
dc.date.accessioned2017-02-01T14:18:03Z
dc.date.available2017-02-01T14:18:03Z
dc.date.issued2016
dc.identifier.citationPicciotto, S. (2016) Taxing Multinational Enterprises as Unitary Firms, ICTD Working Paper 53, Brighton: IDS.
dc.identifier.urihttps://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/12773
dc.description.abstractThis paper explores the issues raised for international tax rules of explicitly treating multinational enterprises (MNEs) as single or unitary firms. It first briefly explains why reform of international corporate taxation is important particularly for developing countries, then outlines the flaws in the current system. It discusses the impetus created for reforms, and the political and institutional dynamics of the tax treaty system. An evaluation is provided of the results of the G20/OECD project on base erosion and profit shifting (BEPS), focusing essentially on the extent to which they moved towards a unitary approach, and the problems created by their continued adherence to the independent entity principle. It then outlines several proposals which, in different ways, would apply a unitary approach to MNEs. The remainder of the paper focuses more particularly on one variant: unitary taxation with formulary apportionment – this was the focus of the ICTD’s research programme, which resulted in the outputs discussed here. It outlines the main findings on optimal design of an international formulary apportionment system, evaluates the evidence about its possible effects on national tax revenue, and considers the possibilities and prospects for adoption of such a system regionally.
dc.language.isoen
dc.publisherInstitute of Development Studies
dc.relation.ispartofseriesICTD Working Paper 53
dc.rights.urihttp://www.ids.ac.uk/files/dmfile/IDSOpenDocsStandardTermsOfUse.pdf
dc.subjectDevelopment Policy
dc.subjectEconomic Development
dc.subjectGovernance
dc.titleTaxing Multinational Enterprises as Unitary Firms
dc.typeSeries paper (non-IDS)
dc.rights.holderInstitute of Development Studies
dc.identifier.teamGovernance


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