Policy makers in OECD countries are concerned about whether they can maintain their current levels of corporate income tax revenues and how they can create an attractive investment climate for domestic and foreign investors. This report presents the recent trends in the taxation of corporate income in OECD countries and discusses the main drivers of corporate income tax reform and evaluates the gains of fundamental corporate tax reform. The corporate tax-induced distortions are discussed from a domestic and international tax point of view. This study also considers tax revenue and tax complexity issues. The book also explains a series of alternative systems that might be implemented.
Executive Summary
Introduction
PART I. SETTING THE STAGE
Chapter 1. Trends in the Taxation of Corporate Income in OECD Countries
Chapter 2. Why Levy a Corporate Income Taxoe
Chapter 3. Fundamental Corporate Income versus Consumption Type of Tax Reform
PART II. DOMESTIC AND INTERNATIONAL CORPORATE INCOME TAX ISSUES
Chapter 4. The Main Drivers of Corporate Income Tax Reform in OECD Countries
Chapter 5. Integration of Corporate Income and Personal Income Taxation
PART III. DOMESTIC AND INTERNATIONAL CORPORATE CASH-FLOW ISSUES
Chapter 6. Corporate Cash-Flow Taxation
Chapter 7. Corporate Cash-Flow Tax Issues in an International Context
Chapter 8. Corporate Tax-Flow Tax Experiences
PART IV. FUNDAMENTAL CORPORATE TAX REFORM IN DETAIL
Chapter 9. Alternative Corporate Tax Systems in More Detail
-Full Integration Tax System
-The Allowance for Corporate Equity Tax System
-The Allowance for Shareholder Equity Tax System
-The Shareholder Allowance for Corporate Equity Tax System
-The Comprehensive Business Income Tax System
-Destination-Based Corporate Cash-Flow Tax
-Origin-Based Corporate Tax-Flow Tax
PART V. POLICY CONCLUSION
-Tax Revenues
-Efficiency Considerations
-Tax Complexity
-Corporate Cash-Flow Tax Reform
-Fundamental Corporate Income Tax Reform
Tax Glossary
References