•
Taxing
Ourselves: A Citizen's Guide to the
Debate Over Taxes
• Tax Policy in the
Real World
• The Taxation of
Multinational Corporations
• Taxing
Multinational Corporations
• The Effects of
Taxation on Multinational Corporations
• Studies in
International Taxation
• Taxation in the
Global Economy
Taxing Ourselves: A Citizen's Guide
to the Debate Over Taxes
by Joel Slemrod and Jon Bakija
The MIT Press, 4rd edition, forthcoming
Who should pay
taxes, how should they be collected, and
how do they affect the economy? Should
the income tax be tinkered with,
replaced with a flat tax, or left alone?
Cutting through the academic jargon and
self-serving Washington-speak, Joel
Slemrod and Jon Bakija bring together
all of the data, analytical insight, and
related material bearing on tax reform
to explore the fundamental questions and
choices inherent in tax policy-making.
Taxing Ourselves begins with a concise
overview of the U.S. tax system as it
exists today, offering historical and
international perspectives on taxation.
It examines the criteria that should
serve as guides for tax
policy--fairness, the promotion of
economic prosperity, and simplicity--and
explores the controversies and
difficulties related to each one.
Crucial questions about how the burden
of our tax system is actually
distributed and the economic effects of
taxation are addressed.
Slemrod and Bakija review the key
elements of fundamental tax reform
proposals, including a single rate, a
clean base, and a consumption base.
Finally they take a detailed look at the
major alternatives for tax reform,
providing concise guidelines that will
make clear the choices involved in tax
policy.
Back to Top
Tax Policy in the
Real World
Edited by Joel Slemrod
Cambridge University Press, 1999
This volume collects articles from the
Symposium series of the National Tax
Journal from 1993 to 1998. Leading
economists and other scholars discuss
and debate current tax policy issues in
nontechnical language and illustrate how
the principles of tax analysis can be
applied to real-world issues. Among the
topics addressed are the practical
feasibility of consumption tax
alternatives to the current income tax,
the rationale and implications of
devolution of fiscal responsibilities to
state and local governments, the effect
of tax policy on economic growth, and
the value of local tax incentives
designed to attract and retain business.
Back to Top
The Taxation of
Multinational Corporations
Edited by Joel Slemrod
Kluwer Academic Publishers, 1996
The six papers in this volume represent
state-of-the-art empirical and
conceptual research on various aspects
of the taxation of multinational
corporations. Topics include: rules for
the allocation of interest expense
between domestic (U.S.) and
foreign-source income; compliance with
the foreign tax provision of the U.S.
tax code; an international comparison of
the average effective rates of corporate
taxation of multinationals; the effect
of taxation on foreign direct
investment; and international tax policy
reviewed in parallel with the theory of
international trade
Back to Top
Taxing
Multinational Corporations
Edited by Martin Feldstein, James R.
Hines Jr., and R. Glenn Hubbard
National Bureau of Economic Research
and
The University of Chicago Press, 1995
In the increasingly global business
environment of the 1990s, policymakers
and executives of multinational
corporations must make informed
decisions based on a sound knowledge of
U.S. and foreign tax policy. Written for
a nontechnical audience, Taxing
Multinational Corporations summarizes
up-to-the-minute research on the
structure and effects of tax policies.
The book covers such practical issues as
the impact of tax law on U.S.
competitiveness, the volume and location
of research and development spending,
the extent of foreign direct investment,
and the financial practices of
multinational companies.
In ten succinct chapters, the book
documents the channels through which tax
policy in the United States and abroad
affects plant and equipment investments,
spending on research and development,
the cost of debt and equity finance, and
dividend repatriations by United States
subsidiaries. It also discusses the
impact of U.S. firms' outbound foreign
investment on domestic and foreign
economies. Especially useful to
nonspecialists is an appendix that
summarizes current United States rules
for taxing international income.
The findings of this volume will be of
immediate value to executives, lawyers,
accountants, and all who seek a concise,
thorough overview of international
taxation. It is also of long-term value
to scholars and policymakers as they
debate reforms of international tax
rules in the United States and
elsewhere.
Back to Top
The Effects of
Taxation on Multinational Corporations
Edited by Martin Feldstein, James R.
Hines Jr., and R. Glenn Hubbard
National Bureau of Economic Research
and
The University of Chicago Press, 1990
The tax rules of the United States and
other countries have intended and
unintended effects on the operations of
multinational corporations, influencing
everything from the formation and
allocation of capital to competitive
strategies. The growing importance of
international business has led
economists to reconsider whether current
systems of taxing international income
are viable in a world of significant
capital market integration and global
commercial competition.
This volume examines the effect of tax
policy on international investment
choices by presenting in-depth analyses
of the interaction of international tax
rules and the investment decisions of
multinational enterprises. Ten papers
assess the role of investment by
multinational firms in the U.S. economy
and the design of international tax
rules for multinational investment;
analyze channels through which
international tax rules affect the costs
of international business activities;
and examine ways in which international
tax rules affect financing decisions of
multinational firms. As a group, the
papers demonstrate that international
tax rules have significant effects on
firms' investment and other financing
decisions.
This state-of-the-art volume will be of
interest to researchers in public
finance and international economics and
to policymakers concerned with tax
policy and international investment
issues.
Back to Top
Studies in
International Taxation
Edited by Alberto Giovannini, R. Glenn
Hubbard, and Joel Slemrod
National Bureau of Economic Research
and
The University of Chicago Press, 1990
As a united global economy evolves,
economists and policymakers are forced
to consider whether the current system
of taxing income is inconsistent with
the trend toward liberalized world
financial flows and increased
international competition. To help
assess existing tax policies and
incentives, this volume presents new
research on how taxes affect the
investment and financing decisions of
multinationals today.
The contributors examine the effects of
taxation on decisions about
international financial management,
business investment, and international
income shifting. They consider the
influence of tax rules on dividend
policy decisions within multinationals;
the extent to which tax incentives
affect the level and location of
research and development across
countries; and the fact that
foreign-controlled companies operating
in the United States pay lower taxes
than do domestically controlled
companies.
Back to Top
Taxation in the Global Economy
Edited by Assaf Razin and Joel Slemrod
National Bureau of Economic Research
and
The University of Chicago Press, 1990
The increasing globalization of economic
activity is bringing an awareness of the
international consequences of tax
policy. The move toward the common
European market in 1992 raises the
important question of how inefficiences
in the various tax systems--such as
self-defeating tax competition among
member nations--will be addressed. As
barriers to trade and investment tumble,
cross-national differences in tax
structure may loom larger and create
incentives for relocations of capital
and labor. Efficient and equitable
income tax systems are becoming more
difficult to administer and enforce,
particularly because of the growing
importance of multinational enterprises.
What will be the role of tax policy in
this more integrated world economy?
Assaf Razin and Joel Slemrod gathered
experts from two traditionally distinct
specialties, taxation and international
economics, to lay the groundwork for
understanding these issues, which will
require the attention of scholars and
policymakers for years to come.
Contributors describe the basic
provisions of the U.S. tax code with
respect to international transactions,
highlighting the changes contained in
the Tax Reform Act of 1986; explore the
ways that tax systems influence the
decisions of multinationals; examine the
effect of taxation on trade patterns and
capital flows; and discuss the
implications of the opening world
economy for the design of optimal tax
policy. The papers will prove valuable
not only to academics, but to government
economists and international tax lawyers
as well.
|
