The compliance cost of taxing foreign-source income: Its magnitude, determinants, and policy implications

Autor:	Joel Slemrod, Marsha Blumenthal
Rok vydání:	1995
Předmět:	Economics and Econometrics Compliance cost Principal (commercial law) Public economics Multinational corporation Accounting Economics Gross income Revenue International taxation Finance Public finance
Zdroj:	International Tax and Public Finance. 2:37-53
ISSN:	1573-6970 0927-5940
DOI:	10.1007/bf00873106
Popis:	This paper uses survey evidence to estimate the compliance cost of the U.S. system of taxing foreign-source income. The evidence suggests that this cost is about 40 percent of the total tax-compliance cost of large U.S. corporations, which is disproportionately higher than the aggregate share of assets, sales, and employment that is abroad. It is also very high compared to the revenue raised by the United States from taxing foreign-source income, although this comparison must be qualified because arguably a principal purpose of this system is to protect U.S. revenues collected on domestic-source income. The disproportionate compliance cost of foreign-source income is not apparent in a survey of European-based multinational corporations.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::d61244d51611c502bafdf22abe92c96d https://doi.org/10.1007/bf00873106 Zobrazit plný text záznamu Full text from SpringerLink