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13 Feb 2020, 6:00 am by Kevin Kaufman
Corporations might also reevaluate what they are doing—for example, to drastically reduce the number of entities subject to reporting requirements. [read post]
13 Feb 2020, 3:45 am by Kevin Kaufman
Both their corporate tax systems are a so-called cash-flow tax. [read post]
11 Feb 2020, 12:56 pm by Kevin Kaufman
The authors point out that their estimates are uncertain and do not account for controlled-foreign-corporation rules or the new U.S. tax rules. [read post]
6 Feb 2020, 3:45 am by Kevin Kaufman
These generally take two forms, namely patent boxes—taxing income derived from intellectual property at a rate below the statutory corporate income tax rate—and tax incentives for R&D expenditures. [read post]
4 Feb 2020, 4:00 am by Kevin Kaufman
Because of globalization and international commerce some countries have adopted Controlled Foreign Corporation (CFC) rules to reduce the effects of tax deferral. [read post]
31 Jan 2020, 9:54 am by Kevin Kaufman
Clausing’s 2016 study shows a loss of between $77 billion and $111 billion in U.S. corporate tax revenues in 2012.[1] Total U.S. corporate tax receipts in 2012 were $242 billion. [read post]
30 Jan 2020, 10:55 am by Kevin Kaufman
The DST was proposed as an interim measure until the EU reforms its common corporate tax rules for digital activities. [read post]
28 Jan 2020, 11:38 am by Kevin Kaufman
Large corporations will face a new minimum rate of 15 percent, while banks and energy firms will have to pay a minimum of 18 percent. [read post]
21 Jan 2020, 4:00 am by Kevin Kaufman
In France, Controlled Foreign Corporation (CFC) rules were first enacted in 1980. [read post]
16 Jan 2020, 3:45 am by Kevin Kaufman
Territoriality of European OECD Countries’ Corporate Tax Systems, as of 2019 Source: Tax Foundation, 2019 International Tax Competitiveness Index. [read post]
14 Jan 2020, 6:46 am by Kevin Kaufman
The Chinese Controlled Foreign Corporation (CFC) regime was adopted in 2008. [read post]
17 Dec 2019, 5:45 am by Kevin Kaufman
Corporate income will also continue to be subject to the solidarity surcharge. [read post]
16 Dec 2019, 7:39 am by Kevin Kaufman
(Traditional corporate income tax systems allow tax deductions of interest payments but not of equity costs, effectively favoring debt over equity finance.) [read post]
9 Dec 2019, 1:46 pm by Kevin Kaufman
Common Corporate Tax Base (CCTB) The CCTB is a proposal to adopt a uniform corporate tax base at the EU level potentially alongside a system of formulary apportionment. [read post]
4 Dec 2019, 6:00 am by Kevin Kaufman
Income could be excluded from GILTI if it has already faced a foreign tax of at least 90 percent of the domestic corporate rate (90 percent of the 21 percent corporate rate is 18.9 percent). [read post]
18 Nov 2019, 7:18 am by Kevin Kaufman
This amount is equivalent to 1.6 percent of the revenue Italy received from corporate taxes in 2017. [read post]
14 Nov 2019, 4:00 am by Kevin Kaufman
Lithuania also levies the third-lowest corporate income tax rate in the OECD at 15 percent, compared to an OECD average of 23.6 percent. [read post]
11 Nov 2019, 8:21 am by Joe
Reach Out to MC&C for Additional Information We will come back and study this task force in more detail in the future. [read post]