Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Foreign Taxes and The Growing Share of U.S. Multinational Company Income Abroad: Prodits, Not Sales, Are Being Globalized

Foreign Taxes and The Growing Share of U.S. Multinational Company Income Abroad: Prodits, Not Sales, Are Being Globalized

Grubert, Harry

Paperback

General Reference

ISBN10: 1505382084
ISBN13: 9781505382082
Publisher: Createspace
Published: Jan 1 2015
Pages: 54
Weight: 0.33
Height: 0.11 Width: 8.50 Depth: 11.02
Language: English
The foreign share of the worldwide income of U.S. multinational corporations (MNCs) has risen sharply in recent years. Data from a panel of 754 large MNCs indicate that the MNC foreign income share increased by 14 percentage points from 1996 to 2004. The differential between a company's U.S. and foreign effective tax rates exerts a significant effect on the share of its income abroad, largely through changes in foreign and domestic profit margins rather than a shift in sales. U.S.-foreign tax differentials are estimated to have raised the foreign share of MNC worldwide income by about 12 percentage points by 2004. Lower foreign effective tax rates had no significant effect on a company's domestic sales or on the growth of its worldwide pre-tax profits. Lower taxes on foreign income do not seem to promote competitiveness.

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