Taxes have a major impact on corporate net income and cash flow through
their influence on foreign investment decisions, financial structure, determination of the cost of capital, foreign exchange management, working capital management, and financial control.
the organizational form of the MNC can affect the timing of the tax liability.
Violations of tax neutrality
Taxes vary on income from different sources
For example, the US government’s policy on taxation of foreign-source income has multiple objectives: Neutralizing tax incentives that favor or disfavor US private investment in developed countries Providing an incentive for US private investment in developing countries Improving the US BOP Raising revenue
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Tax Equity
regardless of the country in which an affiliate of a MNC earns taxable income, the same tax rate and tax due date should apply.
The principal of tax equity is difficult to apply;
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Tax Neutrality
A tax scheme is tax neutral if it meets three criteria
1. Capital Export Neutrality: the tax scheme does not incentivise citizens move their money abroad. 2. National Neutrality: taxable income is taxed in the same manner by the taxpayer’s national tax authorities regardless of where in the world it is earned. 3. Capital Import Neutrality: the tax burden on a MNC subsidiary should be the same regardless of where in the world the MNC in incorporated.
Multinational Tax Management
第一节 国际税收管理概述
Introduction
第二节 税收管辖权
Tax isdictions
第三节 国际间的双重课税
Double taxation
第四节 国际避税
Tax avoidance
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Multinational Tax Management
Tax jurisdictions: foreign or domestic
Organizational forms: foreign branches or incorporated subsidiaries
Asset classes: interest, dividends, or capital gains
它主要包括： 1、决定跨国公司国外经营组织的法律形式； 2、决定何时、从何地、以何种方式返回资金； 3、对最佳利用避税港、双边税收协定和特殊的公司税收
刺激手段作出安排。
The primary objective of multinational tax
planning is the minimization of the firm’s worldwide tax burden.
第九章 国际税收管理 1
Multinational Tax Management
第一节 国际税收管理概述
Introduction
第二节 税收管辖权
Tax jurisdictions
第三节 国际间的双重课税
Double taxation
第四节 国际避税
Tax avoidance
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第九章 国际税收管理
Tax planning for multinational operations is an extremely complex but vitally important aspect of international business.
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第一节 国际税收管理概述
就是利用跨国公司构造国外经营组织和汇款政策 的灵活性，使全球税后现金流量最大化。
The Objectives of Taxation： 5
1. Tax Neutrality 2. Tax Equity
When a government decides to levy a tax, it must consider： A：the potential revenue from the tax, or how effectively it can be collected, B：the effect the proposed tax can have on private economic behavior