목차
Title page
Contents
EXECUTIVE SUMMARY 1
INTRODUCTION 2
OVERVIEW OF INTERNATIONAL TAXATION 3
EVOLUTION OF INTERNATIONAL TAX RULES 6
THE OECD TWO-PILLAR APPROACH TO REDISTRIBUTE THE GLOBAL TAX BASE 9
TAX COMPETITION 11
EVALUATING BASE EROSION AND PROFIT SHIFTING 14
THE REAL IMPACTS OF PROFIT SHIFTING 20
AT A CROSSROADS: REFORMS FOR US INTERNATIONAL TAX POLICY 22
CONCLUSION 28
ACKNOWLEDGMENTS 28
Figure 1. Corporate tax rates fall over four decades 14
Figure 2. Corporate revenue increases as tax rates decline 15
Figure 3. Tax haven share of US foreign profits, smaller when measured properly 16
Figure 4. Tax haven share of total foreign and domestic US corporate profits is small and declining 18
Figure 5. Domestic firms pay lower effective tax rates than multinationals 20
Figure 6. Haven profit share of total US corporate income declines with corporate income tax rate cut 21
