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Book presentation: Fixing U.S. International Taxation

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Speaker: Professor Daniel Shaviro, New York University
Event date: Friday, 16 May 2014 06:00 pm - 07:30 pm
Place: Weicker Building, meeting room B 001 (ground floor)

The University of Luxembourg and the ATOZ Chair for European and International Taxation is pleased to invite you to two lectures on tax policy by Professor Daniel Shaviro from New York University. On 15 May Professor Shaviro will speak about a one-time capital levy, on 16 May he will give a presentation of his new book "Fixing U.S. International Taxation". Professor Shaviro is one of the most renowned experts on tax law and public policy in the world. With his many influential speeches and articles he shapes the design of modern US tax legislation.

Abstract

 

 

International tax rules, which determine how countries tax cross-border investment, are increasingly important in an era of ever-expanding globalization.  The U.S. rules, even more than those in most other countries, are widely recognized as dysfunctional. However, debate about how to fix them is stuck in a sterile dialectic, in which, ostensibly, the only permissible choices are (1) worldwide or residence-based taxation of U.S. companies with the allowance of foreign tax credits, or (2) outright exemption of the companies’ foreign source income. 

In his book,Fixing U.S. International Taxation, Daniel Shaviro explains why neither of these solutions is appropriate.  He shows that existing international tax policy frameworks are misguided insofar as they treat “double taxation” and “double non-taxation” as the key issues, conflate the distinct questions of what tax  rate to impose on foreign source income and how to treat foreign taxes, and use simplistic single-bullet global welfare norms in lieu of a comprehensive analysis.

Drawing on familiar tools from public economics and trade policy, but that have been under-utilized in the international tax realm, Shaviro offers a better analysis that not only reshapes our understanding of the underlying issues, but might point the way to substantially improving the prevailing rules, both in the U.S. and around the world.

 

Data: Invitation_16 May 2014_Book presentation by Prof. Daniel Shaviro.pdf 192.14 kB