Borderline case : international tax policy, corporate research and development, and investment / edited by James M. Poterba.

Format:

Book

Contributor:

Poterba, James M.

National Research Council (U.S.). Board on Science, Technology, and Economic Policy.

Series:

U.S. industry, restructuring and renewal.

U.S. industry, restructuring and renewal

Language:

English

Subjects (All):

International business enterprises--Taxation--United States--Congresses.

International business enterprises.

Research, Industrial--Taxation--United States--Congresses.

Research, Industrial.

Research and development tax credit--United States--Congresses.

Research and development tax credit.

Capital investments--United States--Congresses.

Capital investments.

Physical Description:

1 online resource (168 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : National Academy Press, 1997.

Language Note:

English

Summary:

The growing integration of world markets for capital and goods, coupled with the rise of instantaneous worldwide communication, has made identification of corporations as "American," "Dutch," or "Japanese" extremely difficult. Yet tax treatment does depend of where a firm is chartered. And, as Borderline Case documents, there is little doubt that tax rules for firms doing business in several nations--firms that account for more than three-quarters of corporate R&D spending in the United States--have substantial effects on corporate decisionmaking and, ultimately, U.S. competitiveness. This book explores the impact of the U.S. tax code and its incentives on the international activities of U.S.- and foreign-based firms: basic research outlays, expenditures on product and process development, and plant and equipment investment. The authors include industry experts from large multinational firms in technology and pharmaceuticals, academic researchers who have explored the quantitative impact of tax provisions on R&D, and tax policy analysts who have examined international tax rules in the broader context of tax reform. These experts look at how corporate investment and R&D are shaped by specific tax provisions, such as the definition of taxable income, relative tax burdens on domestic and foreign business, taxation of earnings repatriated to the United States, deductibility of expenses of worldwide operations, and U.S. corporate taxes relative to other countries. The volume explores prescriptions and prospects for tax reform and reviews major reform proposals and their implications for the behavior of multinational business.

Contents:

section 1. International tax policy and technology investments

section 2. Industry perspectives on the impact of international tax rules

section 3. Tax reform : prescriptions and prospects.

Notes:

"Board on Science, Technology, and Economic Policy, National Research Council."

Papers presented at a conference held at the National Academy of Sciences in Washington, D.C., on February 14, 1997.

Includes bibliographical references and index.

ISBN:

9786612081439

9781282081437

1282081438

9780309518345

0309518342

9780585020945

0585020949

OCLC:

923284052