Taxing Profit in a Global Economy

This book reviews the existing international system of taxing business profit and argues for radical reform. It proposes the Residual Profit Allocation by Income (RPAI) and the Destination-based Cash Flow Tax (DBCFT) as alternatives to the current system. The book is authored by a group of economists and lawyers and draws insights from both economics and law to assess the existing system and consider fundamental reforms.

\n Format: Paperback / softback
\n Length: 400 pages
\n Publication date: 21 January 2021
\n Publisher: Oxford University Press
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This book is a comprehensive exploration of the current international system of taxing business profit, delving into its underlying principles, evaluation, and potential reforms. It begins by questioning the rationale behind a tax on business profit and examining the existing system, including various alternatives proposed. The analysis reveals significant flaws in the current system, emphasizing the need for radical reform. The book proposes two detailed proposals: the Residual Profit Allocation by Income (RPAI) and the Destination-based Cash Flow Tax (DBCFT). These proposals are evaluated based on economic theory, empirical evidence, and practical considerations of implementation. Authored by a group of economists and lawyers from the Oxford International Tax Group, led by Michael P. Devereux, the book draws insights from both economics and law to assess the existing system and propose fundamental reforms. This book is a valuable resource for tax policy makers, tax professionals, academics, and anyone interested in tax policy, offering a comprehensive and insightful analysis of the current landscape and potential solutions.

This book undertakes a fundamental review of the existing international system of taxing business profit.

It steps back from the current political debates on how to combat profit shifting and how taxing rights over the profits of the digitalized economy should be allocated.

Instead, it starts from first principles to ask how we should evaluate a tax on business profit—and whether there is any good rationale for such a tax in the first place.

It then goes on to evaluate the existing system and a number of alternatives that have been proposed.

The analysis reveals significant flaws in the current system, emphasizing the need for radical reform.

The book proposes two detailed proposals: the Residual Profit Allocation by Income (RPAI) and the Destination-based Cash Flow Tax (DBCFT).

These proposals are evaluated based on economic theory, empirical evidence, and practical considerations of implementation.

Authored by a group of economists and lawyers from the Oxford International Tax Group, led by Michael P. Devereux, the book draws insights from both economics and law to assess the existing system and propose fundamental reforms.

This book is a valuable resource for tax policy makers, tax professionals, academics, and anyone interested in tax policy, offering a comprehensive and insightful analysis of the current landscape and potential solutions.

\n Weight: 608g\n
Dimension: 156 x 235 x 27 (mm)\n
ISBN-13: 9780198808077\n \n